This well established newsagents has been in the same hands since 1986 & there are genuine reasons for sale.
Sales year ending 30th April, 2015 showed £758,980 (including Oyster sales in the region of £93,000) with a gross profit of £167,812.
SINGLE FRONTED SALES SHOP probably in the region of 350 sq. ft. sales area, suspended ceiling with concealed lighting. Air conditioning. Counter, electronic cash register, greeting card display section, modern shelving, open cool display unit, ice cream deep freezer (owned). CCTV system with 4 cameras, monitor plus recording etc.
Large basement also used for stock purposes.
Turnover : £12,000 p.w. plus Oyster sales. Wholesale newsbill £3,500 p.w. We are further advised that the sales year ending 30th April, 2015 showed £758,980 (including Oyster sales of approximately £93,000) with a gross profit of £167,812 & a net profit of £121,046 (as will be appreciated the present owner does not pay any rent at present & this would have to be taken into account in respect of the profitability).
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£30,000 approx. plus news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Monday - Saturday inclusive - 5 a.m. - 6 p.m.
Sunday opening - 5 a.m. - 12.30 p.m. only
Number of Employees:
The business is at present operated by a husband & wife team with the assistance of 1 part time lady. 8 newsrounds within a maximum radius of 3 miles of the shop. 5 news delivery persons employed.
Number of bedrooms: 2
The accommodation FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:
Fully fitted kitchen
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin
2 Double BedroomsSmall yard at rear
Location Details: Situated in a parade, sought after SURREY TOWN
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