Newsagents for sale in Ottery St Mary

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Adam Warren (Jan 2017)
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Leasehold Price: £79,995 Annual Turnover: £446,180
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Business Description
Town centre NEWSAGENTS/CONVENIENCE STORE, historic expanding EAST DEVON town, short drive coast, enjoying central highly visible trading position within OTTERY ST MARY, just off the main square, very well known, reputed to have been in existence in excess of 100 years. Spacious premises with substantial frontage, actually extending over 3 floors, main retail area and greetings card section to the ground floor, kitchen and cloakroom to the first floor along with a number of rooms, currently offers masses of storage, additional rooms to the second floor, considered most versatile and suit numerous uses, enjoys favourable lease terms, rent just over £150 per week, currently receiving 100% business rate relief, tenants responsible for decoration only. Popular thriving business, abundance of regular repeat local trade, Sales 2017 £446,180 ex Vat, Gross Profit £123,785 (28%), additional newspaper vouchers approx. £1,800 per week, National Lottery approx. £2,000 per week, sound levels of profitability, still scope to develop business, currently closes 6.00pm latest, potential for off-licence subject to obtaining necessary permissions. Leasehold £79,995 sav Ref: T/G33779N

Tenure: Leasehold

Listed by: Everett Masson and Furby
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