Newsagent and Off Licence in Warwickshire For Sale

Situated in a Parade, excellent trading position, residential area, Warwickshire.

Turnover £ 3,750
Price £40,000

Features

Newsagent & off Licence

SINGLE FRONTED PREMISES in the region of 935 ft² WITH ELECTRIC SHUTTERS, vinyl floor, suspended ceiling with fluorescent lighting, sales counter, cigarette gantry, EPOS till, modern adjustable shelving, drinks display fridge (glass fronted upright four-door), ice cream freezer, CCTV system (8 cameras, 1 monitor).

Stock room.

Toilet with w.c. and wash hand basin.

Kitchen.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £4,000 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £1,000 p.w.

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

PAY POINT £700 per month approx.
NATIONAL LOTTERY £190 per week approx.

Staff

The business is at present operated by the 2 Staff with the assistance of 1 part time staff. 5 news rounds, delivery charge £2 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6am - 8pm
SUNDAY 10am - 1pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £8,000 p.a. + VAT

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£15,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote