Newsagency in Unopposed Village-Type Location
Price:
Leasehold - £45,000
Location:
East Sussex, Bexhill
Business Type:
Retail businesses
LOCATION
The shop is occupies a ‘village type’ location in an affluent area of predominately retired people. It is unopposed in the area and there is real potential to introduce grocery items.
SHOP
About 13’3 (4m) internal width narrowing to 10’ (3m) by 25’ (7.6m) into the bay. It is equipped with a six-tier newspaper and magazine racking, greeting cards stands, ice cream freezer, chiller cabinet, cigarettes gantry, counterline confectionary display and counter with electronic cash register.
BASEMENT with Staff WC, Kitchenette and Storeroom.
BUSINESS
The shop serves a very pleasant residential area and is completely unopposed in the district. It sells loose and counterline confectionary, cigarettes and tobacco, soft drinks, greetings cards and soft drinks. It also sells newspapers and magazines with an average wholesale newsbill of £2,200 per week. There are fourteen delivery rounds with approximately 400 news account customers.
We are informed that the annual turnover is approximately £250,000 excluding VAT, producing a gross profit of around £62,000.
HOURS
Monday to Saturday - 05:30 to 18:00
Sunday - 05:30 to 14:00
STAFF
The business is run the owner who works in the shop part-time with the help of two members of staff.
TENURE
We are informed there is a five year lease from 2007 at a basic rent of £7,000 until renewal.
RATES
2010/11: Rateable value £4,100. (£684 is the amount payable for Non Domestic rates with Small Business and Transition Relief.
North Yorkshire
£ 750,000
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