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Reference G7278

Newsagent with Off Licence in Addlestone For Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area, SURREY. ADDLESTONE

Turnover 7,500
Price 79,500

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

Spacious double fronted SALES SHOP, probably in the region of 900 sq. ft. sales area. Part refitted approximately 1 year ago. Tiled floor, fluorescent lighting. Equipment includes modern adjustable shelving, 1 glass topped chest deep freeze, ice cream deep freeze, open cool display unit (on loan from Coca Cola), 3.75m open cool display unit (for beers and wines), single door glass fronted display fridge (used for milk), counter, till with scanning, etc.

Stockroom.
Staff w.c.

Yard at rear.

Turnover

WE ARE INFORMED the turnover averages 7,500/8,000 p.w., in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 250 p.w. Gross profit 22% approx.

Staff

The business is at present operated by the vendor on a part time basis, with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 20 years unexpired, at a current rental of 12,000 p.a. exclusive of rates. We understand that there is a rent revision due at the present time, however no increase has been requested at present. We are further advised that the rent reviews are every 5 years.

Uniform business rates: 3,450 p.a. approx. (after small business relief).

RECOMMENDED FOR EARLY INSPECTION

Price

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

Finance

Subject to status, you maybe able to borrow up to 39,750 (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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