High Takings £11,000 per week
Plus High Commission Income around £13,500 per annum
Includes Self-Contained Flat with Rental Income
Leasehold Price £95,000
Description and Trade:
Situated in a residential area within a busy parade of shops, this attractive Newsagents & Convenience Store sells General Groceries, Newspapers & Magazines, Beers, Wines and Spirits, Greetings Cards and Sundry Lines.
Considerable Commission is earned from the sale of National Lottery Tickets and PayPoint electronic payments service.
Above the Shop is a self-contained Flat with two bedrooms which is sub-let and generating £6,000 per annum in rental income.
The modern Sales Area (around 600 sq. ft.) is fitted out to a very high standard having a suspended ceiling and air conditioning unit.
Fixtures and fittings include: modern wall and gondola display shelving, ice cream freezer, chilled drinks cabinets, news & magazine display shelving, greetings cards displays, checkout counter with EPOS cash registers.
Rear Stock Rooms, Kitchen and w.c.
The Shop is protected by front roller shutter and a CCTV system.
Above the Shop is a self-contained Flat with two bedrooms (the flat was not inspected at the time of our visit).
The Flat is sublet and generating rental income of £500 per month (£6,000 per annum).
A super Newsagents and Convenience Store with high sales and high Commission Income. This business was established by the present owner around December 2013, and is a very profitable store.
6.30am – 8.00pm Monday to Thursday.
6.30am – 9.00pm Friday & Saturday.
7.00am – 6.00pm Sunday.
Our Client Informs Us That:
Retail takings are around £11,000 per week, with Gross Profits estimated to be between 16% and 18%.
There is additional commission income of around £13,500 per annum from the sale of National Lottery Tickets, and PayPoint electronic payments service.
The Weekly Newsbill is around £2,200, with news delivery rounds in operation.
The Business is operated by family members with the help of four part-time assistants.
The Premises are held on a ten-year lease. Present rent payable is £18,000 per annum with 5-yearly review dates. However, if the rental income from the Flat is taken into account the net rent payable is £12,000 per annum.
£95,000 plus stock at valuation for the lease, business, fixtures and fittings.
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