Well established with many loyal customers
Weekly newsbill £3,000
Considerable potential in the right hands
Rare opportunity to buy a large freehold property in high street location at a reasonable price
EM&F are delighted to offer a rare opportunity to purchase a freehold retail business located on the High Street of a rural Essex town..
The business presently operates as a very busy newsagent shop with 26 rounds serving some 700 customers in and around the town. But the shop is more than a newsagents as the more than 2,000 square feet of retail space is used to sell a variety of products including household, stationery, gardening as well as offering a key cutting service.
The premises’ first floor is presently utilised for storage and office space but was previously a one bedroom flat and there seems to be no reason why it could not revert to this use. There is also potential to extend the first floor to the rear of the premises, subject of course to planning permission.
Full and detailed accounts will be made available to interested parties following a successful viewing.
Most recent accounts are for the 12 months to 31st January 2015 and these show sales of £243,310 (2104 - £268,035) exclusive of VAT and a gross profit of £92,738 (£122,525).
We have no doubt that in the right hands the business is capable of achieving results far in excess of these figures.
The business has to be seen to understand the real potential and interested parties are requested to contact sole Agents Everett Masson & Furby to request a viewing.
PRICE: £375,000 to include the benefit of the Freehold property, Goodwill, Fixtures, Fittings & Equipment, plus stock at valuation.
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