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Reference C8889

Newsagent and Off Licence in Hampshire For Sale

Newsagent and Off Licence in Hampshire For Sale

Register to see map and to make an appointment Excellent trading position, close to city centre plus on route to Football Stadium & not far from the docks, HAMPSHIRE

Turnover 11,000
Price 120,000

Features

Well Established News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence

This well established business has been in the same hands we understand since 1993 & there are genuine reasons for sale

The business occupies a corner position, busy road.

COMPACT SALES SHOP probably in the region of 300 sq. ft. sales area with the advantage of 1 shop window which can be open for serving, if desired. The shop has a non-slip floor. The equipment includes counter, scanning system with till, shelving, upright glass fronted display fridge (on loan from Coca Cola), 1 upright double door glass fronted fridge (owned & used for beers), 1 upright sliding double door fridge used for milk & dairy produce, single door cooler, icecream freezer, large chest freezer. CCTV system & alarm system.

Small stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover currently averages 11,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 600 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards which we understand provides a commission of 130 p.w. The business also has Paypoint which we understand provides a further commission of 80 p.w. We are further advised that the sales year ending 30th June, 2016 showed sales of 605,081 inclusive of VAT.

Staff

At present operated by a lady vendor with the assistance of 3 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced. 1 small newsround. Delivery charge 80p p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 10 p.m.
Sunday opening - 7 a.m. - 10 p.m.

Tenure

The vendor owns the long leasehold property and subject to satisfactory referencers is prepared to grant a new 15 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1993 AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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