Newsagent with Off Licence and Post Office in Surrey For Sale

Situated end of parade, busy road, residential, office and commercial area, SURREY

Turnover £ 6,000
Post Office £ 26,000
Price £122,500

Features

Old Established News, Confectionery, Tobacco, Greeting Cards, Convenience Groceries, off Licence and Post office

DOUBLE FRONTED PREMISES, in the region of 450 ft², CCTV (8 cameras), non-slip vinyl flooring, suspended ceiling with LED and tube lighting.

Sales counter, EPOS cash register.

Large display chiller (beers and wines), chiller for dairy and soft drinks, freezer, adjustable shelving, greeting card stands, etc.

Post Office, combi counter, fortress (1 position and parcel hatch.)

Store room.

Staff cloakroom with toilet and sink.

Stairs to large basement comprising 2 large rooms plus 1 small room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 30% approx.. POST OFFICE income in the region of £26,000 p.a. approx.

Staff

The business is at present operated by the Husband & Wife team with their son and part time staff as required.

5 news rounds, delivery charge £4 p.w.

Trading Hours

7 Day week
MONDAY - FRIDAY 7 am - 7 pm
SATURDAY 7 am - 5 pm
SUNDAY 7 am - 12 noon
Local demand for longer opening hours to increase alcohol sales.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above comprising:

First floor.

Fitted Kitchen / diner.
Sitting room.
Bathroom with bath and wash hand basin.
Separate toilet.

Second floor.

3 Bedrooms (2 doubles, 1 single)

Outside

Rear garden.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2010 with reviews every 4 years (next review 2026) at a current rent of £23,000 p.a.

We are advised by the Vendor the Landlord will grant a new lease to an approved applicant at terms to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £122,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 61,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote