Profitable old established NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, ST
Price:
Freehold - £315,000
Leasehold - £125,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SINGLE FRONTED SALES SHOP main sales area in the region of 276 sq. ft. with a rear sales area of approx. 129 sq. ft. laminated strip floor. The equipment includes glass fronted counter, cigarette gantry (on loan), single door drinks display fridge (owned), upright double door glass fronted drinks display fridge (owned), ice cream deep freeze (owned), slats to walls, magazine display shelving, large greeting card display section, modern shelving etc.
Stairs to first floor. Shop stock storage area comprising:
Storeroom 1 - 10' x 10' 9
Storeroom 2 - 11' 2 x 12' 7 with window to front elevation
Staff cloakroom including w.c. wash hand basin
Staffroom 11' 7 x 5' 10 with stainless steel sink unit/cupboard
WE ARE INFORMED the turnover averages £6,750 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £4,000 p.w. Gross profit 30% approx. We are further advised that the trading and profit and loss accounts for the period 1st May, 2009 to the 30th April, 2010 showed sales of £326,364 with a gross profit of £115,593 and a net profit of £51,876.
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Buiness Rates: £1,334 p.a. approx. + water rates
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED NEWSAGENTS IN THIS SOUGHT AFTER LOCALITY. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE, ESPECIALLY AS WE ARE ADVISED THAT APPROXIMATELY 450 HOUSES ARE BEING BUILT IN THE LOCAL AREA.
IT WILL ALSO BE APPRECIATED UPON INSPECTION THAT THE FIRST FLOOR ROOMS COULD, IF DESIRED, BE CONVERTED INTO SMALL LIVING ACCOMMODATION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £315,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
End of terrace, excellent main road trading position, ESSEX TOWN.
Monday - Saturday inclusive - 5 a.m. - 5.30 p.m.
Sunday opening - 5 a.m. - 1.30 p.m.
Garage plus parking space for 1 car
North Yorkshire
£ 750,000
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