Business for sale

Business description

Residential area , KENT

We are informed the turnover averages £8,000/£9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,800 p.w. Gross profit 22% approx. Post Office salary £39,000 p.a. approx. (including commission from the sale of online national lottery tickets plus scratch cards of approx. £40,000 p.a).

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£20,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

NO PARKING RESTRICTIONS

Spacious double fronted SALES SHOP approx. 800 sq. ft. sales area, all modernised and well fitted. Quality tiled floor, suspended ceiling with concealed lighting. Well equipped including modern counter with 2 position open Post Office counter, EPOS scanning system, modern adjustable shelving, centre display gondolas, 3 large open cool display units (2 on loan from Coca Cola), 2 large sliding glass fronted chest deep freezes, 1 additional glass topped deep freeze, 3 greeting card display stands etc.

Large Stockroom with shelving
Staff w.c. plus kitchen area

Staff The business is at present operated by a husband and wife team with the assistance of 1 full time staff. 8 morning newsboys. Delivery charge £1 p.w.

Opening Hours Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 6 a.m. - 2 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours

Accommodation The EXCELLENT living accommodation in the form of an adjoining HOUSE, all modernised, FULLY DOUBLE GLAZED and will FULL GAS FIRED CENTRAL HEATING comprises:

3 Bedrooms (2 large doubles, 1 single)
Bathroom with tiled floor, bath, w.c. and wash hand basin
Lounge with wood strip floor
Separate Dining Room also with wood strip floor
Kitchen with ceramic tiled floor, half tiled walls, fitted base units, fitted cupboards, 5-burner gas hob, electric oven
Conservatory

Outside Large rear garden.
Car Port for 2 cars

Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : G4738