Newsagents for sale in Kent

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Polly Franey (July 2015)
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Freehold Price: £395,000 Price Reduced Leasehold Price: £118,000 Weekly Turnover: £6,000
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Business Description
• ACCOMMODATION INCLUDED

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

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 580 sq. ft. sales area, tiled floor, suspended ceiling. Well equipped including counter with post office combination counter, electronic cash register, centre display gondola, 4 greeting card display stands with drawers under, magazine display shelving, modern shelving plus slats to walls, Arneg 3.75m cool display unit with glass doors, 2 revolving card spinners (on loan). Post Office counter with anti-bandit screen (2 positions) etc.

Rear large stockroom with tiled floor & shelving
Staff w.c. & wash hand basin.

Turnover : £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1.300 p.w. Post Office income year ending 31st August, 2014 showed £48,531 (including commission received in respect of the sale of on line national lottery tickets plus scratch cards). We are further advised that the sales year ending 31st August, 2014 showed £241,977 with a gross profit of £94,248 (including post office salary of £48,531). We understand from the vendor that the figures should be approx. the same for the year ending August 2015.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS,
£118,000 plus STOCK AT VALUATION (£15,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Saturday inclusive - 6.30 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 1 p.m.


Number of Employees:

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Tenure: Freehold, Leasehold

Number of bedrooms: 3

Accommodation Details:

The accommodation in the form of a SELF CONTAINED MAISONETTE over DOUBLE GLAZED & with with FULL GAS FIRED CENTRAL HEATING & FULLY CARPETED, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, wash hand basin
Separate w.c.
Large Lounge
Fitted kitchen with access to rear patio areaGarage

Location Details:

Situated in a parade, excellent main road trading position, sought after residential area with 2 schools nearby, KENT

Listed by: Nationwide Businesses Ltd
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C8476
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