Newsagents for sale in Essex

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £650,000 Weekly Turnover: £7,000
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Business Description

IMPRESSIVE & SPACIOUS SALES SHOP in the region of 1,250 sq. ft. sales area. Refitted to a high standard at considerable expense approximately 5 years ago. Non-slip floor, suspended ceiling with concealed lighting. 2 air conditioning/heating units. Retail counter with 2 tills, EPOS scanning system, 2 open position Post Office counters plus 1 secure position with anti-bandit screen, 14 greeting card display stands with drawers, centre display gondolas, 1-2.75m open cool display unit (used for soft drinks), ice cream deep freezer (owned) etc.

Rear stockroom
Staff kitchen with sink
Staff w.c.

The accommodation in the form of TWO SELF CONTAINED FLATS over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

Flat A.

2 Bedrooms (1 large double, 1 additional double)
Bathroom with bath, w.c. & wash hand basin
Spacious lounge/dining Room approximate 25' long
Fitted kitchen/breakfast room

Flat B.

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge

We understand this flat is currently let on a shorthold tenancy and provides a rental income of £900 per month, however we are further advised that vacant possession can be given on completion, if required.

WE ARE INFORMED the turnover currently averages £6,000 p.w. in our opinion offering tremendous potential for further development, especially with the introduction of additional groceries & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill £1,600 p.w. We understand the post office income is in the region of £52,000 p.a. We are further advised that the sales year ending 31st January, 2016 showed £247,461 with a gross profit of £97,671 (including post office income of £54,600).

Tenure: Freehold

Number of bedrooms: 2

Listed by: Nationwide Businesses Ltd

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