Unopposed Newsagent in Scotland For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Ayrshire.

Turnover £ 8,500
Price £200,000

Features

Old Established Newsagents with Cards & Stationary

DOUBLE FRONTED PREMISES, tiled floor, suspended ceiling with fluorescent lighting, , sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright double-door), ice cream freezer, card display stands, CCTV system (1 camera, 1 monitor).

Stock room.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 23% approx. Lucrative Wholesale newsbill £3,000 p.w.

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

NATIONAL LOTTERY £45 per week approx.

Staff

The business is at present operated by the vendor's wife with the assistance of 2 part time staff. 7 news rounds (260 houses), delivery charge £1.85 p.w.

Trading Hours

7 Day week
MONDAY - FRIDAY 5.30am - 4pm
SATURDAY 5.30am - 1pm
SUNDAY 5.30am - 10am

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £450 per month . The accommodation comprises:

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

Outside

Rear yard plus garage

Tenure

FREEHOLD.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 140,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote