Traditional Newsagent in Bedfordshire For Sale

Business located in a High Street trading position, residential area, BEDFORDSHIRE

Turnover £ 2,250
Price £35,000

Features

Traditional Newsagents with Cards, Confectionary, Tobacco and Pay Zone Huge Scope To Develop Off Licence, National Lottery, Parcel Services, Etc

* * RETIREMENT SALE * *

SINGLE FRONTED ALARMED PREMISES, in the region of 475 ft², Laminate flooring, plasterboard ceiling with tube lighting.

Sales counter, electric cash register. Drinks fringe (single door), adjustable shelving, cigarette cabinet, etc.

Cloakroom with toilet and wash hand basin.

Large stock room, fully shelved, used for marking up the newspapers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,250 p.w.. Wholesale newsbill £1,500 p.w.

Staff

The business is at present operated by the vendor and her daughter. 8 Morning newsrounds, delivery charge £2 p.w.. The vendor also ddelivers to a local nursing home.

Trading Hours

7 Day week
MONDAY, TUESDAY, THURSDAY and FRIDAY 4.30 a.m. - 2 p.m.
WEDNESDAY and SATURDAY 4.30 a.m. - 1 p.m.
SUNDAY 4.30 am - 12 noon.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlords) granted for 9 years in 2018 with reviews every 3 years at a current rent of £5,000 p.a.

We are adivsed the present lease is due to expire in March 2027, however, the Landlords are prepared to grant, to an approved applicant, a new lease at terms to be agreed.

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

THE PREMISES HAS BEEN IN THE SAME HANDS SINCE 1996 AND IS A RETIRMENT SALE.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote