Business for sale

Business description

Attractive Freehold old established News, Confectionery, Tobacco, Greeting Cards, Stationery, Maps, Artists Materials, Ices, Soft Drinks.

We are informed the turnover averages £4,800/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,000 p.w. Gross profit 22% approx. We are further advised that the sales year ending 31st July, 2005 showed £234,109 with a gross profit of £57,177.


Price: OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £210,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT


Features: Outstanding opportunity to acquire a spacious Freehold Property providing an ideal family home combined with profitable Newsagents in this sought after Herefordshire locality.

We understand the property is a Grade II listed building. We further understand the front section is 17th Century, whilst the rear section was built in the 16th Century with a wealth of oak beams.

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 800 sq. ft. sales area fully carpeted and well equipped including EPOS scanning system with 1 till and back-up computer, shelving, 3 greeting card display stands with drawers, display stands, counter, ice cream deep freeze (owned), 1 upright single door drinks display fridge (on loan), photocopier (on lease agreement) etc.

Stockroom
Staff Room with wash hand basin
Staff w.c.

Large cellar ideal for storage purposes


Staff: The business is at present operated by a lady vendor on a part time basis with 1 part time staff plus with the assistance of 2 daughters on a part time basis. 3 local newsrounds plus 2 local Sunday newsrounds. In addition there are 2 rural rounds undertaken by the vendor's son. Delivery charge - rural rounds £2.20 p.w. whilst the local rounds are charged at 50p p.w.
It will be appreciated upon inspection that with an active husband and wife team the wage bill could be reduced.


Opening Hours Monday & Tuesday - 6 a.m. - 5.30 p.m.
Wednesday - 6 a.m. - 5 p.m.
Thursday & Friday - 6 a.m. - 5.30 p.m.
Saturday - 6 a.m. - 5 p.m.
Sunday - 7 a.m. - 12 noon only


Accommodation The spacious living accommodation, which we understand has planning permission to be converted into 2 Self Contained Flats, if desired, comprises:

First Floor
Large lounge
Separate Dining room
Additional room in our opinion could readily be utilized as a second living room
Kitchen with fitted units, 4-burner hob, cooker
Adjacent to the kitchen are 2 additional rooms, in our opinion having potential to expand the living accommodation, if required.

Second Floor
3 Double Bedrooms
Family bathroom with bath, shower over bath, w.c. and wash hand basin


Tenure Uniform Business Rates: £1,080 p.a. approx. (after small business relief)

THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 24 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 : C7079