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Reference C8464

Newsagent, Off Licence and Main Post Office in Essex For Sale

Newsagent, Off Licence and Main Post Office in Essex For Sale
Newsagent, Off Licence and Main Post Office in Essex For Sale Buy a Newsagent, Off Licence and Main Post Office in Essex For Sale

Register to see map and to make an appointment Situated busy road, densely populated residential area, ESSEX

Turnover 5,000
Post Office 58,000
Price 125,000

Features

Superbly Fitted Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence (introduced 2014) Plus Main Post office

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area all refitted in 2014, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 5 greeting card display stands (4 with drawers under plus 1 with gift wrapping paper section), 1 glass topped display deep freezer, 2 double door glass fronted display fridges, counter plus post office combination counter, electronic cash register. Post Office counter with anti-bandit screen (2 positions) etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 22%. Post Office income in the region of 58,000 p.a. (including commission from the sale of on line national lottery tickets plus scratch cards). The main post office also issues Motor Vehicle Licenses & foreign currency on demand.

Staff

At present operated by a husband & wife team with the assistance of staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7.30 P.m.
Sunday opening - 6 a.m. - 1 p.m.

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS over are each let at present on shorthold tenancies & provide a rental income of 600 per month, however, we understand that vacant possession can be given on completion, if required. Each flat comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge/Kitchen area

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16/20 years lease at a rental of 30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (As will be appreciated with the present rental income from the 2 self contained flats over currently of 14,400 p.a. the net rental payable at the present time is 15,600 p.a. exclusive of rates.

WE ARE ADVISED THAT THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED RETAIL BUSINESS WITH MAIN POST OFFICE IN THIS SOUGHT AFTER POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

We understand the vendor is also prepared to consider the sale of the freehold property at price to be agreed.

Finance

Subject to status, you maybe able to borrow up to 62,500 (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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