Newsagents for sale in West Sussex

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Ian McGregor (Nov 2013)
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Leasehold Price: £260,000 Weekly Turnover: £24,000
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Business Description
COMBINED TURNOVER IN THE REGION OF £24,000 P.W. SALES YEAR ENDING 31ST MARCH, 2014 SHOWED £1,380,067 PLUS COMMISSION RECEIVED OF £35,811 PROVIDING TOTAL SALES OF £1,415,878 WITH A GROSS PROFIT OF £267,224. NET PROFIT SHOWN OF £89,081.

SHOP NO. 1. COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, SOFT DRINKS. DOUBLE FRONTED SALES SHOP probably in the region of 400 sq. ft. sales area with laminated strip floor, suspended ceiling with concealed lighting, counter, electronic cash register, electronic sales, large open cool display unit, slush puppy machine, Taylors soft ice cream machine etc.

Small stockroom

SHOP NO. 2. Situated approximately 300 yards from the first shop. MODERN COUNTER NEWS, CONFECTIONERY, TOBACCO. SINGLE FRONTED SALES SHOP probably in the region of 300 sq. ft. sales area. Metal floor, suspended ceiling with concealed lighting. We understand the shop was refitted in 2012. Counter, electronic cash register, 3.75m open cool display unit (used for soft drinks, water, sandwiches), modern shelving, 3-tier ice cream display deep freezer etc..

Turnover : Shop No. 1. £12,000 p.w. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 22%. The business is also agents for the sale of on line national lottery tickets plus scratch cards we understand providing a commission of approximately £350 p.w.

Shop No. 2. £12,000 p.w. in our opinion offering further potential to increase, especially with additional opening hours. We understand the present owner is applying for a Premises Licence for the sale of wines, beers & spirits which in our opinion would provide further increase to the turnover if obtained. Wholesale newsbill £500 p.w. Gross profit 22% approx. The business also has on line national lottery plus scratch cards & we understand this provides a commission of approximately £50 p.w.

TO INCLUDE THE TWO LEASES, GOODWILL, FIXTURES & FITTINGS £260,000 plus STOCK AT VALUATION (£30,000/£35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Shop No. 1.
Monday - Saturday inclusive - 7.30 a.m. - 5.30 p.m.
Sunday opening - 9 a.m. - 5 p.m.

Shop No. 2.
Monday - Saturday inclusive - 6.30 a.m. - 6 p.m.
Sunday opening - 9 a.m. - 5 p.m.


Number of Employees:

Shop No. 1. At present operated by the vendor with the assistance of 1 full time & 1 part time staff.
It will be appreciated upon inspection that with more active owners the wage bill could be reduced.

Shop No. 2.
At present mainly staff operated. 1 full time plus 1 part time staff employed.
It will be appreciated upon inspection that with more active owners the wage bill could be reduced.

Tenure: Leasehold

Location Details:

Shop No. 1. Situated in a parade, shopping centre, Shop No. 2. Situated approximately 300 yards from shop no. 1, excelent trading position, opposite main bus station, shopping centre, WEST SUSSEX.

Listed by: Nationwide Businesses Ltd
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