Attractive Freehold Detached Newsagents For Sale

Business description

Attractive Freehold Detached News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, On Line National Lottery For Sale

Modern double fronted shop front to -

MEDIUM SIZED SALES SHOP with carpet tiled floor. Well equipped including counter, electronic cash register, air conditioning unit, ice cream deep freeze (owned), 2 single door drinks display fridges (1 owned plus 1 on loan from Coca Cola), shelving, 1 greeting card display stand with drawers, 1 revolving card stand etc.

Rear room used for marking up of papers

Cloakroom with w.c. and wash hand basin
Stockroom

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: £340 p.a. approx. (after small business relief)

THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS living accommodation all in GOOD CONDITION, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises: Ground Floor Large Lounge with patio windows Separate Dining Room Kitchen with fitted units including electric double oven plu

Location:

Busy road, residential area, DERBYSHIRE.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,400/£5,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £1,600 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further revenue of approx. £145 p.w. We are further advised that the sales year ending 31st May, 2007 showed £263,571 with an overall gross profit of £44,724 (including lottery commission of £7,650 p.w).

Reasons for selling:

OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £260,000 plus STOCK AT VALUATION (£8,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 5 a.m. - 5.30 p.m.
with the exception of Wednesday & Saturday when the business remains open until 7.30 p.m. for the sale of on line national lottery tickets
Sunday opening - 5 a.m. - 12 noon only

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT