Newsagent & Off Licence in Hull For Sale

Situated in a parade, excellent main road trading position, residential and commercial area, EAST YORKSHIRE. HULL

Turnover £ 4,500
Price £49,995

Features

Newsagents Convenience Groceries Plus off Licence, National Lottery

DOUBLE FRONTED PREMISES 1,000ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with fluorescent lighting. Sales counter, cigarette gantry, EPOS till, modern adjustable shelving, ice cream freezer, Coca Cola fridge, chest freezer, drinks display fridge. CCTV system (9 cameras, 1 monitor & cloud recorder).

Stock room / Store room.

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500/£5,000 p.w. with a gross profit of 25% approx.. Wholesale newsbill £900 p.w. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of approx. £60 per week commission from NATIONAL LOTTERY & £40 p.w. from Parcel Service.

Staff

The business is at present operated by a husband & wife team. 3 newsboys employed. Delivery charge £2.50 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY inclusive 6 a.m - 8 p.m
SUNDAY 7 a.m - 1 p.m

Accommodation

The accommodation in the form of a FLAT with Gas Fired Central Heating comprises:

3 Bedrooms (2 doubles, 1 single)
Fitted Kitchen
Lounge/Dining Room
Bathroom with bath, w.c. and wash hand basin

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 2015 with reviews every 5 years (next review 2025) at a current rent of £12,000 p.a.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,995 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote