Traditional Newsagent in Surrey For Sale

Situated in a parade, sought after residential area, wealthy Surreey locality.

Turnover £ 8,500
Price £99,500

Features

Traditional well Established Newsagent with Confectionery & Tobacco

DOUBLE FRONTED PREMISES in the region of 720 ft² with AWNING. CCTV (4 cameras). Carpet tiled floor, suspended ceiling. Sales counter, touchscreen till, ice cream freezer, 3.75m open chiller, vape display cabinet, tobacco gantry, 4 greetings card racks, 2 spinners, adjustable shelving.

Storeroom

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a gross profit of 22% approx. Lucrative Wholesale newsbill £4,000 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

UPS & DPD parcel service £100 per week approx.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time staff. 7 news rounds (175 houses), delivery charge £4.20 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6 a.m - 6 p.m
SUNDAY 6 a.m - 2 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, comprises:

3 double bedrooms
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Rear garden with lawn.

Parking at rear. Parking space for 1 car plus garage

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2009 with reviews every 5 years at a current rent of £31,000 p.a. We understand the landlord is happy to grant a new lease, at teerms to be agreed.

Business Rates from April 2023 £800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£35,000 approx )
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