Newsagents for sale in Essex

View the "Newsagent in Essex" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Newsagent in Essex

Essex, England

  • Leasehold Price: £110,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £12,500
Seller Reference: NB-C9187
Request DetailsEmail email
Business Description
 
 
 
Image 1 of 3 video_library
Seller Reference: NB-C9187
Request Details
Business Description
Nationwide are delighted to present to the market PROFITABLE WELL ESTABLISHED MAINLY COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS slight CONVENIENCE GROCERIES. Situated in a parade, excellent trading position with the advantage of main bus station in front of parade, ESSEX.

PLEASE NOTE THIS CAN NOT BE AN OFF LICENCE

Turnover currently £12,500 p.w. Gross profit year ending March, 2019 £122,825 i.e. 24.48% plus lottery commission & other commissions of £16,278 providing an overall gross profit of £139,103.

The business has been in the same hands for the past 13 years & is now solely offered for sale due to retirement.

SPACIOUS DOUBLE FRONTED SALES SHOP suspended ceiling with concealed lighting, 2 air conditioning/heating units. Well equipped including counter, 2 electronic cash registers, modern shelving, 2 double door glass fronted display fridges (both on loan from Coca Cola), 2 open cool display units. CCTV system with 7 cameras, monitor plus recording.

Stockroom
Staff w.c. & wash hand basin

First floor stockroom
2 w.c's

Turnover : £12,500 p.w. in our opinion offering further potential to increase, especially with additional opening hours. Wholesale newsbill £1,100 p.w. We are further advised that the sales year ending 31st March, 2019 showed £501,666 with a gross profit of £122,825 i.e. 24.48% plus commissions received as follows: on line national lottery commission £13,300. Payzone commission £74. Phone cards commission £864. Bus Pass commission £1,488. E-Pay commission £474. Bus coaches commission £78. Providing a total commission of £16,278 providing an overall gross profit of £139,103. Net profit shown £61,017 before bank charges, bank loan interest & hire purchase.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £110,000 (C9187)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
Parking at rear for 1 car (rental £70 per month)
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image