Leasehold Newsagents and Off-Licence Located In Warwick
Leasehold Newsagents and Off-Licence Located In Warwick
Overview
Description
Leasehold Newsagents & Off-Licence Located In Warwick
News Bill £2,000 PW
Ref 2374
Location
This respected Newsagents is located in the historic town of Warwick which is one of Warwickshire’s popular tourist hotspots. It’s sits within a prominent and highly visible trading position close to Warwick Castle and large retailers to include Greggs, Savers and Lloyds bank which bring high levels of footfall to the area.
Asking Price: £52,500 plus SAV (£15,000)
Business Description
Veritas Business Sales are delighted to offer for sale this delightful Newsagents which is located in Warwick. The business has been established for over 20 years and has been in the careful hands of our clients for 1 year and is reluctantly being offered for sale due to family commitments.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Cabin News is owner operated with the help of 2 part time members of staff and for year ending 31st March 2021 posted a turnover of £234.536 net of vat, producing a healthy net profit. They retail groceries, stationary, cold drinks, milk, confectionery, newspapers (news bill £2,000 per week, 7 morning rounds), magazines, greeting cards, hardware, medicines, toiletries, tobacco, beers, wines and spirits. Other services include The National Lottery (sales £1,600 per week) and Payzone (sales £15,678 pa).
We believe that there is further potential to increase trade by expanding upon the current opening times. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.
Opening Hours
Monday – Saturday – 6:00am – 6:00pm
Sunday – 6:00am – 2:00pm
Leasehold
Original term: 15 years
Remaining: 6 years
Rent: £13,000 pa
Rates: zero
Ground Floor
Retail comprising: serve over sales counter with cash register, lockable tobacco kiosk, news & magazine shelves, sales & display shelves, stationary section, greeting cards section, ice cream fridge, toiletries area, double door drinks chiller and 2 x 2 door Coca Cola fridges.
Kitchen with sink drainer, office area with CCTV monitor and storage shelves.
Stockroom with shelving.
W/C with wash basin.
The property benefits from CCTV (4 camera system) and an air conditioning unit/hot air blower.
Is this business relocatable:
Is stock included:
Listed By:
Similar Listings
Experience the unparalleled success of a unique Supermarket, boasting a remarkable weekly turnover of £55,000 plus a Post Office income in the region of £100,000 **ATTENTION: PROOF OF FUNDS REQUIRED FOR PROPERTY ADDRESS DISCLOSURE** Mailbox Estates...
This business is on the market for only the first time since 2017, when the current owner purchased the Post Office and has now decided that he wants to concentrate on his other business interests. The business has been in its current position for ov...
This very popular off licence and convenience store is located in central Hove and close to Western and Church Road. This area of Hove is very busy throughout the year and benefits from a high footfall of residents, visitors to the area and people wo...
Well established licensed convenience storeWeekly takings £11,000 plusDensely populated area, well fitted throughoutTwo bedroom flat included, viewing recommendedRef 45245 Licensed convenience store, densely populated area. Weekly takings &poun...
This business has been in the current vendors hands for just over 3 years and comes to the market in excellent condition. During this time the present owners’ have created an excellent goodwill. Situated in a residential area with a combinations o...
QUALITY POST OFFICE/CONVENIENCE STORE – WEST MIDLANDS Prime location in shopping centre with external frontage Reasonable trading hours with no late openings Good level of salary with additional retail sales Well reputed with regular and repeat...