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Reference C8867

Newsagent, Off Licence and Post Office Local in Lancashire For Sale

Newsagent, Off Licence and Post Office Local in Lancashire For Sale
Newsagent, Off Licence and Post Office Local in Lancashire For Sale Buy a Newsagent, Off Licence and Post Office Local in Lancashire For Sale Sell a Newsagent, Off Licence and Post Office Local in Lancashire For Sale Newsagent, Off Licence and Post Office Local in Lancashire For Sale for Sale Newsagent, Off Licence and Post Office Local in Lancashire For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area LANCASHIRE

Turnover 6,000
Post Office 24,000
Price 120,000

Features

Profitable Old Established News, Confectionery, Tobacco, Full Free off Licence with Post office Local Plus

SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, suspended ceiling, flourescent lighting. The equipment includes counter, till with EPOS scanning system, post office combination counter (2 positions), shelving, full lottery terminal etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 2,500 p.w. We are further advised that the gross profit is in the region of 26%. The business has a Post Office Local Plus & we are advised that the post office income at the present time is in the region of 24,000 p.a.

Staff

The business is at present operated by the vendor on a part time basis with the assistance of his son plus 6 part time staff employed. 14 morning newsrounds. Delivery charge 1 p.w.

Trading Hours

Monday & Tuesday - 6 a.m. - 9 p.m.
Wednesday, Thursday, Friday & Saturday - 6 a.m. - 10 p.m.
Sunday opening - 6 a.m. - 8 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy & provides a rental income of 400 per month, however we understand that vacant possession can be given on completion, if required. The SELF CONTAINED FLAT comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large 'L' shaped lounge
Fitted kitchen

Tenure

We understand the entire premises are held on a secure renewable lease having approximately 7 years unexpired at a rental of 12,500 p.a. exclusive of rates for the next 2 years with rent to be agreed thereafter. (As will be appreciated with the current rental income from the self contained flat of 4,800 p.a. the net rental payable at the present time is only 7,700 p.a. exclusive of rates).

Uniform Busienss Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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