Newsagent in Essex

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