Newsagents for sale in Hampshire

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Ian McGregor (Nov 2013)
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Leasehold Price: £30,000 Price Reduced Weekly Turnover: £3,700
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Business Description

Forecourt to single fronted Sales Shop, occupying a corner position, approx. 480 sq. ft. sales area. Well equipped including glass fronted upright chiller fridge, ice cream deep freeze (owned), 1 glass topped chest display deep freeze, modern adjustable shelving, counter, electronic cash register, 1 upright drinks display fridge etc.

Stockroom with shelving
Staff cloakroom.

Turnover : £3,700/£4,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,200 p.w. (including local papers of approx. £600 p.w). Gross profit 18% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand that this provides a commission of approx. £80 p.w. We are further advised that the sales year ending 31st July, 2015 showed £170,501 with a gross profit of £30,392.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£15,000 approx. can be reduced).
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:

Monday - Saturday inclusive - 8 a.m. - 6.30 p.m.
Sunday opening - 8 a.m. - 12.30 p.m.

Number of Employees:

The business is at present operated by a husband and wife team and no staff are employed. 9 morning newsrounds. 6 Sunday newsrounds. 1 round undertaken by the vendor. Total wages from newsrounds £165.50.

Tenure: Leasehold

Number of bedrooms: 3

Accommodation Details:

The accommodation, all in GOOD CONDITION, fully DOUBLE GLAZED and with full gas fired CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single).
Bathroom with bath, shower over bath, w.c. and wash hand basin.
Large lounge.
Kitchen with fitted units.

It will be appreciated upon inspection that there is potential to extend the living accommodation on the first floor, subject to obtaining the necessary planning permission.Small garden plus shed.

Location Details:

Sought after residential area, busy road, close to University, HAMPSHIRE.

Listed by: Nationwide Businesses Ltd
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