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Newsagent and Off Licence in Kent For Sale

Newsagent and Off Licence in Kent For Sale
Newsagent and Off Licence in Kent For Sale Buy a Newsagent and Off Licence in Kent For Sale Sell a Newsagent and Off Licence in Kent For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, adjacent to Primark & close to Boots & Iceland, KENT

Turnover 9,000
Price 45,000

Features

Well Established Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Soft Drinks, Full Free off Licence

The business has been in the same hands for the past 11 years and there are genuine reasons for sale.

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with laminated strip floor, suspended ceiling with concealed lighting, modern adjustable shelving, counter, electronic cash register, cigarette gantry (on loan), 2 large glass fronted sliding door drinks display fridges (both on loan from Coca Cola), additional upright double door glass fronted display fridge (used for wines & beers). CCTV system with 4 cameras, 1 monitor plus recording.

Rear office
Stockroom

It will be appreciated upon inspection that the shop could be extended into the office & stockroom at rear, if desired.

Disabled cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 600 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Paypoint which we understand provides a further revenue of approximately 15 p.w.

Staff

At present operated by the vendor on a part time basis with the assistance of 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 7.30 a.m. - 4.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in May, 2020 at a current rental of 21,000 p.a. exclusive of rates for the remainder of the term. (We understand the rent was not increased at the last rent review). We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Uniform Business Rates: 6,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (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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