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Reference C8852

Newsagent with Post Office in West Sussex For Sale

Newsagent with Post Office in West Sussex For Sale
Newsagent with Post Office in West Sussex For Sale Buy a Newsagent with Post Office in West Sussex For Sale Sell a Newsagent with Post Office in West Sussex For Sale Newsagent with Post Office in West Sussex For Sale for Sale Newsagent with Post Office in West Sussex For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area, WEST SUSSEX

Turnover 3,000
Post Office 30,000
Price 79,500 / 325,000

Features

Profitable well Established News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence with Post office Local

Service road in front of parade. NO PARKING RESTRICTIONS

MEDIUM SIZED SALES SHOP with laminated strip floor, suspended ceiling with LED lighting. Well equipped including counter, post office combination counter, 1 greeting card stand with drawers under, modern shelving, ice cream deep freezer, cigarette gantry (on loan), upright glass fronted slimline display fridge (on loan), 1 sliding glass fronted double door fridge, 1 additional double door glass fronted fridge etc.

Rear kitchen/storeroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 3,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400 p.w. Gross profit we are advised in the region of 20%. Post office income in the region of 30,000 p.a. (including commission from the external ATM machine).

Staff

The business is at present operated by a husband & wife team & no staff are employed. 1 morning newsround. Delivery charge 1.50 p.w.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 7 p.m.
Sunday opening - 9 a.m. - 12 noon

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over all modernised DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of 850 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Lounge with fitted kitchen area

Outside

Large yard at rear with parking space for 2/3 cars

Tenure

The vendors own the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease in respect of the shop with accommodation over at a rental of 17,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years. (Alternatively should the accommodation not be required, the vendors, subject to satisfactory references, are prepared to grant a new 16 years full repairing and insuring lease in respect of the shop only at a rental of 9,500 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years).

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

THIS WELL ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1990 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 79,500 plus STOCK AT VALUATION (25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 325,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 39,750 (lease) 227,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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