Warrington Based Newsagents For Sale

Business description

Padgate, Warrington

Good Residential Neighbourhood

Schools In Area

Delivery Rounds

Shopping Parade Location

Retirement Sale

Freehold (Leasehold Available)

Business History:
This well located newsagency was established in 1962. The vendors purchased the business in 2005 and are now seeking to retire.

Business Profile:
Newsagency selling newspapers, magazines, lottery, general items, crisps, toys, stationary and gift wrap. The business also benefits from ten paper rounds and has a computerised newpaper ordering system.

Shop:
Plastic tiled flooring, fluorescent lighting, wall cladding, card gondolas and magazine displays, Coca Cola display (on loan) two drink chillers and one dairy chiller.

Office:
Plastic tiled flooring and fluorescent lighting.

Kitchenette:
Plastic tiled flooring, ceramic sink with worktop and wall cupboard together with a hot water heater.

Wc:
Plastic tiled flooring.

Second Wc .:
Plastic tiled flooring.

Outside:
The premises are protected to the front by electrically operated roller shutters. The premises benefit from grassed areas to the front of the premises with established trees. To the rear of the property is a gated yard with access to the first floor flat.

Flat At 2a Bruche Gardens.:
We were unable to view the flat at the time of our visit but the vendors advise that this comprises: two bedrooms, a kitchen, bathroom and living room. Access to the flat is by internal staircase from the rear of the property.

Staffing:
Two full time owners and two part time staff.

Fixtures & Fittings:
A schedule of fixtures and fittings will be made available for prospective buyers.

Property information

Property:

Leasehold

Lease terms:

Financial Profile:
The vendors will be able to provide accounts for the business and will be pleased to discuss all the financial aspects with prospective buyers. The weekly news bill is between £1,500/£2,000.

Tenure:
Freehold. The flat at 2a Bruche Heath Gardens is currently let at a of £400pcm on an informal agreement for six months this is now due for review. Jolley & Co. have not examined any title documentation and a buyer must arrange for their solicitor to verify that this information is correct. Please note that the vendors will be pleased to consider the sale of the business only at a price of £90,000 for the goodwill, fixtures and fittings plus SAV.

Uniform Business Rates:
The following information has been obtained from the Valuation Office Agency web site: Rateable Value: £3,950. Council Tax re flat: Band 'A'. We have been unable to obtain details of amounts payable from Warrington Borough Council and buyers should make their own enquiries in this regard.

Price:
£320,000 for the freehold property, goodwill, fixtures and fittings plus SAV (or £90,000 leasehold for the goodwill, fixtures and fittings plus SAV to exclude the flat).

Living accommodation:

Accommodation Included.

Location:

Location:
The business is located in a good residential area and in a parade of shops which includes HSBC Bank, a hairdressers, barber shop, laundrette, sandwich shop and a Bargain Booze. Padgate Railway Station is a short walk away and Padgate, Bruche, Woolston schools are within the area.

Other information

Trading hours:

Opening Hours:
5:30am - 5:30pm Monday to Saturday, 5:30am - 12:30pm Sunday.