Well Established Newsagent and Post Office in Bedfordshire For Sale

Unopposed trading position, main road trading position, residential area, BEDFORDSHIRE

Turnover £ 1,500
Post Office £ 40,000
Price £69,500

Features

Old Established Newsagents & Post office

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 720 ft² with tiled floor, suspended ceiling with LED lights, sales counter, cash register, cigarette gantry, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright)

Post Office Counter with anti-bandit screen. (2 positions), etc. to rear.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. with a Gross profit of 35% approx.. Wholesale newsbill £750 p.w. . POST OFFICE income in the region of £40,000 p.a. approx.

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY 9am - 5.30pm
SATURDAY 9am - 1pm

Accommodation

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

1 large Bedrooms.
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 1 car plus Garage

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote