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Reference C8612

Newsagent and Convenience Store for sale in Kent

Location

Main road trading position, sought after residential area, KENT.

Features

Detached News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries Plus On Line National Lottery

Forecourt to DOUBLE FRONTED SALES SHOP with electric shutters. Approximately 450 sq. ft. sales area with tiled floor. The equipment includes counter, 2 electronic cash registers, ice cream deep freezer, 1 single door glass fronted drinks display fridge, 2 double door glass fronted drinks display fridges, dairy display fridge, greeting card display stand, gift wrapping paper stand. CCTV system with 4 cameras, 2 monitors plus recording.

Stockroom
Staff w.c. and wash hand basin

In addition there is a rear brick built store

Turnover

WE ARE INFORMED the turnover averages 4,500/5,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 1,000 p.w. Gross profit 23% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 120 p.w. In addition the business also has Oyster which we understand provides a commission of approximately 50 p.w. We are further advised that the sales year ending 31st July, 2015 showed 270,000 with a gross profit of 55,443 plus commission received of 6,890.

Accommodation

The accommodation in the form of SELF CONTAINED FLAT over, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

2 bedrooms (1 double with fitted wardrobes plus 1 small double bedroom)
Bathroom with bath, w.c. and wash hand basin
Lounge with gas coal effect fire
Kitchen with fitted units

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 30,000 plus STOCK AT VALUATION (10,000/12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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