Newsagents for sale in Kent

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Ian McGregor (Nov 2013)
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Leasehold Price: £49,500 Price Reduced Weekly Turnover: £5,500
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Business Description

The business has been in the same hands for the past 13 years and there are genuine reasons for sale.

The business enjoys an excellent greeting cards & gift sales. The present owners have secured a Premises Licence for the sale of wines, beers & spirits & in our opinion there is terrific potential to introduce the sale of wines, beers & spirits, subject to obviously obtaining the necessary Personal Licence.

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,000 sq. ft. sales area. Well fitted to a very high standard. Quality tiled floor, suspended ceiling with concealed lighting. Air conditioning. Counter, 2 tills with touch screens, 16 greeting card display stands with drawers unders, 2 display gondolas, 2-5m open cool display unit (for soft drinks), quality glass display cabinets for gifts . 16 cameras, 1 monitor plus recording etc.

Staff cloakroom with w.c. & wash hand basin.

Turnover : £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits & indeed with additional opening hours. Wholesale newsbill £600 p.w. We are informed by the present owners that the gross profit is in the region of 24%. In addition the business is agents for the sale of on line national lottery plus scratch cards & we understand this provides a commission of approximately £130 p.w. The business also has Oyster which we understand provides a further income of approximately £100 p.w. In addition the business has Paypoint which we understand provides a further revenue of approximately £10/£20 p.w.

Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:

Monday - Saturday inclusive - 8 a .m. - 6 p.m.
Sunday opening - 8 a.m. - 4 p.m.

Number of Employees:

The business is at present operated by the wife of one of the partners on a full time basis, with the assistance of 1 part time staff.

Tenure: Leasehold

Number of bedrooms: 3

Accommodation Details:

At present there is a pull down ladder giving access to the first floor, which comprises:

3 Rooms

In our opinion the first floor has terrific potential to develop as living accommodation, if desired, subject to the necessary planning permission.Rear access for deliveries

Location Details:

Situated in a parade, excellent High Street trading position, residential & commercial area, SOUTH EAST LONDON Kent

Listed by: Nationwide Businesses Ltd
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