Business for sale

Business description

This business is located in Gloucestershire.

We are informed the turnover averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,300 p.w. Gross profit 22.6%. In addition the business is agents for the sale of online national lottery tickets and scratchcards and we understand this provides a commission of approx. £80 p.w. We are further advised that the sales year ending 30th June, 2006 showed £266,625 (including lottery commission of £4,962) with a gross profit of £60,137.


OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTUES & FITTING in the region of £350,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT


Features Outstanding opportunity to acquire an old established Newagents in this sought after Cotswolds locality. In our opinion the business offers tremendous potential for further increase in the right hands.

DOUBLE FRONTED MEDIUM SIZED SALES SHOP approx. 350 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes 4 greeting card display stands with drawers, 1 upright single door drinks display fridge, ice cream deep freeze (owned), electric cash register, cigarette gantry (on loan), shelving etc.

Office 102 sq. ft.
Store area with single drainer approx. 42 sq ft.

Stairs to large cellar 201 sq. ft.
Brickbuilt building with staff w.c. and wash hand basin


Staff The business is at present operated by a lady vendor with the assistance of her partner plus 3 part time ladies and 2 Saturday girls. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. 14 newsrounds. Delivery charge £1 p.w.


Opening Hours Monday - Saturday inclusive 5 a.m. - 6 p.m.
With the exception of Wednesday & Saturday when the business remains open until 7.30 p.m. for the sale of online national lottery tickets.
NO SUNDAY TRADING


Accommodation The attractive living accommodation, fully CARPETED and FULL GAS FIRED CENTRAL HEATING comprises:

First Floor
Large Lounge 17ft 5 x 15ft
Kitchen 11ft 2 x 8ft 7
Fully tiled Bathroom with bath, w.c. and wash hand basin plus walk-in airing cupboard

Second Floor
3 Bedrooms (2 doubles, (1) 13ft 2 x 9ft 6 overlooking garden (2) 11ft x 10ft. 1 single 11ft x 7ft 5

Outside Attractive secluded garden with lawn, flower borders, shrubs

Tenure Uniform Business Rates: £700 p.a. approx.

THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : C6987