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Reference C8177

Newsagent and Off Licence for sale in Banbury

Newsagent and Off Licence for sale in Banbury
Buy a Newsagent and Off Licence in Banbury

Location

Situated end of parade, occupying a corner position, OXFORDSHIRE

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.

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

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

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