Newsagent, Off Licence with Post Office in Essex For Sale

Situated in a parade, excellent main road trading position, residential area, ESSEX

Turnover £ 6,500
Post Office £ 37,000
Price £150,000

Features

Highly Profitable & Superbly Fitted News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, Full Free off Licence with Post office Local

IMPRESSIVE & SPACE DOUBLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area. Refitted approximately 2½ years ago at considerable expense. Ceramic tiled floor, suspended ceiling with concealed lighting. 2 air conditioning units, retail counter with combination post office counter (2 positions), till with counter, cigarette gantry (on loan), modern adjustable shelving, 1-2.5m open cool display unit (used for sandwiches, dairy produce, milk plus wines & beers), 1-2m open cool display unit (on lease), greeting card display section, magazine display shelving, 1 upright double door glass fronted display deep freeze, hot drinks dispenser (on lease) etc.

Small room at rear for secure post office transactions

Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of £6,500 p.w. inclusive of VAT, in our opinion offering further potential to increase in the right hands. Wholesale newsbill £500 p.w. We understand the current post office income is in the region of £37,000 p.a.

Staff

The business is at present operated by a husband and wife team with the assistance of 1 full time and 1 part time staff. 3 morning newsrounds. Delivery charge 35p per day.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 5 p.m.

Outside

Parking space at rear for 1 car

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop at a rental of £22,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £3,150 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote