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Reference C8177

Newsagent and Off Licence in Banbury For Sale

Newsagent and Off Licence in Banbury For Sale
Buy a Newsagent and Off Licence in Banbury For Sale

Register to see map and to make an appointment Situated end of parade, occupying a corner position, OXFORDSHIRE BANBURY

Turnover 6,000
Price 85,000

Features

Well Established Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

Sales shop in the region of 500/600 sq. ft. with tiled floor. The equipment includes counter, electronic cash register, 2 greeting card display stands, 3 open cool display units (including 2 on loan plus 1 owned), modern shelving, display stands etc.

Stockroom at rear plus stockroom/office with sink

It will be appreciated upon inspection that there is potential to extend the sales area into the rear stock area, if desired.

Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 6,000/6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 600 p.w. We are advised the gross profit is in excess of 20%. In addition the business is agents for the sale of online national lottery tickets plus scratch cards & we understand this provides a commission of approximately 100 p.w. The business also has Paypoint which we understand provides a further revenue of approximately 20 p.w. The business also has an external ATM machine & we are advised this provides a commission of 2,500/3,000 p.a.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening 7 a.m. - 1 p.m. only

Accommodation

The SPACIOUS accommodation which does require some redecoration & refurbishment comprises:

First Floor
Lounge Lounge
Separate Dining Room
Kitchen (needs fitting)

Second Floor
3 Double Bedrooms
Bathroom with bath, wash hand basin (needs refitting)
Separate w.c.

Third Floor
2 Additional Double Bedrooms

Tenure

We understand the premises are held on a new 12 years lease from the 10th January, 2016 at a rental of 16,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 3,600 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION (15,000 approx. can be reduced).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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