Counter Newsagent and Off Licence in Kent For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, KENT.

Turnover £ 4,500
Price £70,000

Features

Counter Newsagents & off Licence

DOUBLE FRONTED PREMISES in the region of 700 ft² WITH ELECTRIC SHUTTERS plus canopy. Industrial non-slip floor, sales counter, EPOS till, under counter cigarette gantry, 2-3m open cool display units, modern adjustable shelving, ice cream freezers. CCTV system (8 cameras, 1 monitor).

Stockroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 20% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £50 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed. with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 9pm
SUNDAY 9am - 8pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to STUDIO FLAT with double-glazed windows, electric heaters, currently let at present on a shorthold tenancy providing a rental income of £650 per month. The accommodation comprises:

1 Large bedsitting room
Kitchen
Bathroom with shower, w.c. and wash hand basin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2019 with reviews every 4 years (next review 2027) at a current rent of £12,000 p.a.

Business Rates from April 2023 £600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote