Newsagents and Off Licence in Scotland For Sale

Situated in a Parade, excellent High Street trading position, residential and commercial area, Highland, SCOTLAND.

Turnover £ 10,000
Price £99,500 / £250,000

Features

Newsagents, Stationers, Art Suppliers, Slight Grocery and off Licence (granted Dec 2024) with Post office (to Be Introduced Q2 2025)


CUSTOMER PARKING & LOADING BAYS TO THE FRONT.

PRESTIGIOUS TRIPLE FRONTED PREMISES, in the region of 1,200 ft² - CCTV (6 cameras), carpet flooring, suspended ceiling with LED lighting.

Sales counter - EPOS cash registers (2 positions), 2 x 1m chiller for soft drinks, ice cream freezer, adjustable shelving, spinners, card racks with draws beneath, photocopier, laminator, scales for loose sweets, printer, etc,

Stairs to first floor;

Kitchen.

Staff changing area.

Staff toilet and wash hand basin.

Office.

BASEMENT, 500 ft² approx, - Used for stock storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. increasing (due to the recently granted off licence) with a Gross profit of 26% approx. Lucrative Wholesale newsbill £5,000 p.w.

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

NATIONAL LOTTERY £150 per week approx.
PARCEL SERVICES £100 per week approx.

In addition, we are advised, the premises have been approved for a Post Office with an ANTICPATED INCOME STREAM of £40,000 p.a. The Post Office is due to be introduced in Srping 2025.

Staff

The business is at present operated by the vendor with the assistance of 1 full time staff manager and 2 part time staff.

We are informed the wage bill averages £850p.w. approx.

We are advised there are 10 news rounds (Monday - Friday), delivery charge £3.50 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6.30 am - 5.30 pm
SUNDAY 8am - 1pm

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new SECURE RENEWABLE granted for 15 years with reviews every 3 years (next review 2028) at an initial rental of £30,000 p.a..

Business Rates from April 2024 £5,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE APRIL 2024 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS

Price

To INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) £ 175,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote