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Newsagent in Gloucestershire For Sale

Newsagent in Gloucestershire For Sale
Newsagent in Gloucestershire For Sale Buy a Newsagent in Gloucestershire For Sale Sell a Newsagent in Gloucestershire For Sale Newsagent in Gloucestershire For Sale for Sale Newsagent in Gloucestershire For Sale for Sale

Register to see map and to make an appointment Situated in a terrace, busy road, GLOUCESTERSHIRE

Turnover 5,000
Price 40,000

Features

Well Established News, Confectionery, Tobacco, Greeting Cards, Ices, Soft Drinks

The business has been in the same hands for 11 years and is now solely offered for sale due to the vendors retirement.

ATTRACTIVE MEDIUM SIZED SINGLE FRONTED SALES SHOP. The equipment includes counter, electronic cash register, ice cream deep freezer, upright double door glass fronted display deep freezer, magazine & newspaper display unit, modern shelving, cigarette gantry (owned), 1 greeting card display stand with drawers under plus 1 other card display section. CCTV system with 4 cameras, monitor plus recording.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering tremdous potential for further increase in the right hands & with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 2,6900 p.w. We are further advised that the sales year ending 31st December, 2016 showed 230,109 with a gross profit of 49,039.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff. 1 country newspaper delivery round undertaken by the vendor. Delivery charge 2.50 p.w. In addition there are 9 morning newsrounds plus 8 Sunday morning newsrounds. Delivery charge 2.20 p.w.

Trading Hours

Monday - Saturday inclusive - 5 a.m. - 2 p.m.
Sunday opening - 5 a.m. - 12 noon
It will be appreciated upon inspection that there is terrific potential for additional opening hours, if desired.

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 7 years unexpired at a current rental of only 7,040 p.a. exclusive of rates. We further understand the rent reviews are every 3 years.

Uniform Business Rates: Nil payable at present after full relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (10,000 approx. plus news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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