Newsagents In Hampshire Town For Sale

Business description

Counter newsagents / confectionery / tobacco / greetings cards / stationery, etc. - scope to add convenience foods, etc. Prominently situated adjacent to leading multiples (e.g. Iceland, boots, etc.) In the centre of a prosperous hampshire market town.

Smart single fronted shop (approx. 16’8” width widening to 24.6” with total depth of 66’ - overall net sales area approx. 1,380 sq.ft. (i.e. 128.48 sq.m.), the interior is well equipped with modern multi-tier news display runs, additional display shelving and gondolas for sweets, stationery, books, etc. And long display runs for greeting card browserie, etc., sales counter with two electronic cash registers).

First floor:- small storeroom. Office. Cigarette store. Two separate toilets.

We are advised that takings average around £26,500 weekly (including approx. £6,500 lottery and scratch cards and some £4,000 per week in paypoint / phone card sales). Wholesale weekly news bill circa £2,500-£3,000 - all counter trade - no delivery rounds.

The business is old established and has changed hand only once in the past 50 years.

There is considered potential for the shop to be re-planned to incorporate a convenience foods section which, it is anticipated, would increase sales.

Property information

Property:

Leasehold

Lease terms:

The Premises are held on a 20 year lease until July 2022. Current rent £35,000 per annum (plus VAT) subject to 5 year reviews - next review due July 2012).

Leasehold rent:

£35,000 per annum

Other information

Trading hours:

6.00a.m. to 6.00p.m. daily and 6.30a.m. to 2.30p.m. on Sundays.