Newsagent and Confectioners in Somerset For Sale

Occupying a corner position, excellent High Street trading position, residential, office and commercial area, Somerset.

Turnover £ 7,500
Price £50,000

Features

Old Established Newsagents, Confectionery & Sweet Shop

GRADE II LISTED

DOUBLE FRONTED PREMISES in the region of 300 ft² with carpeted (heavy duty) floor, ceiling with fluorescent lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright double-door), Slushie Machine, CCTV system (3 cameras, 1 monitor).

Stock room.
Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. with a Gross profit of 30% approx.. Wholesale newsbill £400 p.w.

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

NATIONAL LOTTERY £100 per week approx.
PAY POINT £10 per week approx.
PARCEL £10 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 8pm
SUNDAY 8am - 1pm

Tenure

The council owns the Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 14 years full repairing and insuring lease with rent reviews every 3 years at a rent of £6,588 p.a. for the first 3 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote