Old established mainly COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS
Price:
Leasehold - £97,500
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire an old established Newsagents which in our opinion has tremendous potential for further development in the right hands.
SINGLE FRONTED SALES SHOP approx. 700 sq. ft. sales area. In our opinion the shop would benefit tremendously from being refitted. Carpet tiled floor. Counter, 2 electric cash registers, 2 greeting card display stands with gift wrapping paper section, large magazine display shelving, cigarette gantry (on loan), 3 upright glass fronted drinks display fridges, ice cream deep freeze.
Small rear office/storeroom
Staff w.c.
WE ARE INFORMED the turnover averages £12,000 p.w. Wholesale newsbill £2,000 p.w. Minimum winter turnover £9,000/£10,000 p.w. increasing in the summer months to £16,000 p.w. We are further advised that the vendor receives a commission of approx. £300 p.w. from the sale of on line national lottery tickets plus scratchcards. In addition we understand there is a further commission of approx. £60 p.w. in respect of Paypoint. We are further advised that the sales year ending 31st August, 2010 showed sales of £730,149 (including commission in respect of on line national lottery tickets plus scratch cards with a gross profit of £98,918.
We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £27,000 p.a. exclusive of rates for the next 1 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £12,000 p.a. approx.
THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £97,500 plus STOCK AT VALUATION (£14,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent High Street trading position, DORSET
Monday - Saturday inclusive - 5.30 a.m. - 6 p.m.
With the exception of Wednesday & Saturday when
The accommodation in the form of a SELF CONTAINED FLAT on 2 floors over is at present let on a shorthold tenancy and provides a rental income of £450 per month, however, we understand that vacant possession can be given on completion if required. The accommodation comprises:
2 Bedrooms (1 double, 1 small double)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
Yard at rear
North Yorkshire
£ 750,000
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