Newsagent with Off Licence plus Post Office in Hertfordshire For Sale

Situated in a small parade, excellent trading position, residential area, clsoe to 3 schools, Herts.

Turnover £ 8,000
Post Office £ 13,200
Price £175,000

Features

Old Established Newsagents with Off Licence & Post Office Local

DOUBLE FRONTED SHOP in the region of 650 ft² WITH INTERNAL SHUTTERS, laminated strip floor, suspended ceiling with LED lights, sales counter, cash register, cigarette gantry, modern adjustable shelving, 8 x drinks display fridge (glass fronted upright), glass fronted upright, freezer, Bakery section (not utilised), 2 revolving card display stands, CCTV system (20 cameras, 1 monitor).

Post Office Counter with anti-bandit screen. (1 position), etc. to rear.

Stock room / Store room.

Staff Toilet with w.c. and wash hand basin.

Kitchen, oven

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 27% approx.. Lucrative Wholesale newsbill £3,100 p.w.. POST OFFICE income in the region of £13,200 p.a. approx.

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

NATIONAL LOTTERY £30 per week approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff. 8 news rounds, delivery charge £5 p.w.

Trading Hours

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

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Shared Parking to the rear and optional garage

Tenure

We further understand that the council, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 15 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £17,650 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote