Profitable Old Established Counter Newsagents For Sale - Surrey, Surrey, United Kingdom

Asking price: £149,500

Sales revenue: £364,000

Business description: DOUBLE FRONTED MEDIUM SIZED SALES SHOP with magazine display shelving plus additional shelving, 2 upright glass fronted drinks display fridges (owned), ice cream deep freeze (owned), 1 greeting card display stand, 1 revolving card stand (on loan), counter, electronic cash register etc.

Employees: The business is at present operated by a husband and wife team with the assistance of their son at weekends.

Trading hours: Monday - Friday inclusive - 6 a.m. - 7 p.m. Saturday opening - 8 a.m. - 7 p.m. Sunday opening - 8 a.m. - 2 p.m.

Property : Leasehold

Lease terms: We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £10,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years. Uniform Business Rates: £1,200 p.a. approx. THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Living accomodation: The accommodation comprises: 2 Bedrooms (1 double, 1 single) Bathroom with bath, shower over bath, w.c. and wash hand basin Lounge Kitchen with fitted units

Location: Situated in a parade, busy road, densely populated residential and commercial area, SURREY.

Expansion potential: WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £500/£600 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £130 p.w. In addition the business is agents for bus passes and we understand this provides a further commission of £360 p.w. The business also has Payzone/Top-up Cards and we understand this provides a further commission of approx. £50 p.w.

Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION (£12,000/£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.