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Reference C8918

Newsagent & Off Licence in Middlesex For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position near MIDDLESEX

Turnover 5,500
Price 95,000

Features

Profitable Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 800 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. 2 air conditioning units. The equipment includes 2m open cool display unit (used for wines & beers), 1-3.75m open cool display unit (used for soft drinks, water etc), magazine display shelving, 3 greeting card display stands with drawers under, centre display gondola, counter, 2 electronic cash registers etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 1,000 p.w. We are further advised that the gross profit is in the region of 22%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of 150 p.w. The business also has Oyster which we understand provides a further commission of approximately 100 p.w. Paypoint including Parcel service we understand provides a further revenue of 75 p.w.

Staff

At present operated by the vendor with the assistance of 1 full time plus 1 part time staff. In addition there is family assistance when required.

Trading Hours

Monday - 6 a.m. - 7 p.m.
Tuesday & Wednesday - 6 a.m. - 7.30 p.m.
Thursday - 6 a.m. - 7 p.m.
Friday & Saturday - 6 a.m. - 7.30 p.m.
Sunday opening - 7 a.m. - 4 p.m.
(We understand the licence for the sale of wines, beers & spirits is permissable between the hours of 8 a.m. & 11 p.m. if desired)

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING & PART DOUBLE GLAZING is at present let on a shorthold tenancy & provides a rental income of 1,400 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

4 Bedrooms (2 doubles, 2 singles)
Bathroom with bath, wash hand basin
Separate w.c.
Large Lounge
Kitchen with fitted units

Outside

Yard at rear with brickbuilt store

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease expiring in 2026 at a current rental of 25,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter. We understand the rent reviews are every 5 years and there was no increase in the rent at the last rent revision. (As will be appreciated with the current rental income from the maisonette over of 16,800 p.a. the net rental payable at the present time is only 8,200 p.a. exclusive of rates).

Uniform Business Rates: 6,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 95,000 plus STOCK AT VALUATION (12,000/15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 47,500 (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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