PROFITABLE MODERN NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY,
Price:
Leasehold - £49,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Electrict Shutters to SPACIOUS DOUBLE FRONTED SALES SHOP with laminated strip floor, ceiling with fluorescent lighting, counter, electric cash register, 1 double door glass fronted drinks display fridge, 1 single door drinks display fridge, ice cream deep freeze, 3 greeting card display stands with drawers, 1 revolving card display stand (on loan), DVD stand (on loan), etc.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,500 p.w. Gross profit 23% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £90 p.w.
We understand the premises are held on a secure renewable Trust lease having approximately 5 years unexpired at a current rental of £5,500 p.a. exclusive of rates.
Uniform Business Rates: £2,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, residential area BIRMINGHAM
UK Non-Specific
£ 800,000
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