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Reference C8657

Newsagent in Orpington For Sale

Newsagent in Orpington For Sale
Buy a Newsagent in Orpington For Sale Sell a Newsagent in Orpington For Sale

Register to see map and to make an appointment Situated in a parade, residential area, KENT ORPINGTON

Turnover 6,500
Price 99,500

Features

Profitable well Established News, Confectionery, Tobacco, Greeting Cards, Stationery

PAY & DISPLAY PARKING IN FRONT OF PARADE UP TO 6.30 P.M.

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 700 sq. ft. sales area with carpet tiled floor, suspended ceiling, fluorescent lighting, centre display gondola, magazine display shelving, counter, 2 tills with EPOS scanning, back-up office computer, 1 open cool display unit, 1 double door glass fronted drinks display fridge (on loan from Coca Cola), 3 greeting card display stands. CCTV system with 3 cameras plus video recording.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averaes 6,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence & also with potential for additional opening hours, if desired. Wholesale newsbill 3,190 p.w. The business is also 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 is also an agent for a parcel delivery & collection service & we understand this provides a commission of approximately 60 p.w.

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 2 part time staff employed. 17 morning newsrounds. Delivery charge 1.65 p.w.

Trading Hours

Monday - Saturday inclusive - 5.30 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 12 noon

Accommodation

The SELF CONTAINED accommodation is at present let on a shorthold tenancy & provides a rental income of 900 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge/Dining Room
Kitchen

Outside

Large brickbuilt outbuilding (used for the marking-up of newspapers)

Garden at rear (overgrown)

Tenure

We understand the landlord, subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 20,000 p.a. exclusive of rates for the first 3 years increasing at that time to 23,500 p.a. exclusive of rates for the following 3 years increasing at that time to 26,000 p.a. exclusive of rates for the following 3 years increasing for the final 3 years to 29,500 p.a. exclusive of rates.

Uniform Business Rates: 4,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 99,500 plus STOCK AT VALUATION (25,000 approx. including news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 49,750 (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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