In same hands for 27 years
Sales £5,000 per week plus commissions
Rent only £10,000
Lock-up shop although accommodation could be available by negotiation
EM&F are delighted to offer for sale a busy newsagent and off licence, having been in the same ownership for 27 years and now offered for sale due to the retirement of the present owners.
Situated in a densely populated residential area of Watford the shop earns a good level of commission from Western Union, Bus Passes, Cash Machine and Paypoint whilst weekly sales of £5,000 means that the business is profitable.
A highly visible corner premises on a busy main road. A single glazed door gives access to the shop with a retail area just in excess of 400 square feet.
Inside the shop has a tiled floor and fluorescent lights and benefits from modern shelving (4 years old) arranged around a central isle. The counter and electronic till is to the rear of the shop.
The shop is available as a lock up on a leasehold basis at a modest rent of only £10,000 per annum although the first floor accommodation could be included by negotiation with the landlord (who is not the business owner).
The business is that if a Newsagents – counter news and magazines and delivered with 2 rounds and 150 houses – as well as off licence sales, cigarettes, sweets, soft drinks, greetings cards, gift wrapping, stationery, and a small number of convenience items.
Detailed accounts will be made available following a successful viewing.
Currently sales (without commission items) are in the region of £5,000 per week at a gross profit margin of around 20% whilst commissions are earned at around £16,000 per annum.
PRICE: £49,950 to include the benefit of the Lease, Goodwill, Fixtures, Fittings & Equipment, plus stock at valuation.
Sensible offers below this price will be considered for a quick sale.
EM&F Reference: T31753B
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