VERY BUSY NEWSAGENTS - Bootle shopping centre
Price:
Leasehold - £47,500
Location:
Merseyside , Bootle
Business Type:
Retail businesses
LOCATION:
This shop is located in the Strand shopping centre in Bootle which is in the heart of Merseyside and boasts over a hundred retail outlets. Bottle is situated to the north of Liverpool city and is adjacent to the main coastal road.
BUSINESS:
This trades as a newsagent retailing a range of newspapers, magazines, cigarettes and tobacco with the addition of confectionery, snacks, cold drinks and confectionery gifts. It is a National Lottery and PayPoint Agent.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
These consist of a ground floor lock-up unit which has two side display windows and fully open frontage which can be secured by full width electric shutter. The retail area itself is extremely well presented with ceramic flooring and suspended ceiling with inset lighting and measures over 600 sq ft. It is equipped with wall mounted magazine display unit, wall mounted confectionery display shelving, upright cold drinks display chillers, sales counter Lottery Terminal, PayPoint terminal and wall mounted cigarette gantry.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
TENURE:
This is a leasehold opportunity with a 25 year lease in place which commenced December 1989 and expires in December 2014. The current rent payable is £28,150 per year. The lease is within the LTA 1954 and therefore renewal rights apply. Please be aware that the landlord will require references to support your application and it is possible a rent deposit of between 3 and 6 months may be required.
RATES:
We are advised that the rateable value of the business premises is £27,500, with rates of £11,908 payable in 2011/12.
NOTE:
It is recommended that potential buyers make their own enquiries through the local authority to check whether the rateable value remains correct and whether the rates payable will be the figure quoted above.
TRADE:
From financial information provided we understand turnover was £956,990 (average of £18,400 per week) for the 12 months ending July 2010. Lottery and PayPoint commission was additional. Accounts can be found at the back of these sales particulars.
Please note that if a business is VAT registered, all figures are net of VAT.
HOURS:
Monday to Saturday: 8.00am to 5.00pm
Sunday: Closed
STAFF:
This shop is one of many owned by a large company and as such is management run. There are currently 5 members of staff employed, including a manager, who work a total of 145 hours a week. In our opinion this could be reduced if an owner operator was to take over the business.
STOCK:
The vendor informs us that the value of the stock is approximately £27,700.
North Yorkshire
£ 750,000
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