Business for sale

Business description

We are informed the turnover averages £5,700 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £2,000 p.w. Gross profit 23% approx.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,500 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: SPACIOUS SINGLE FRONTED SALES SHOP approx. 800 sq. ft. sales area with lino floor, suspended ceiling with fluorescent lighting. Fully equipped including 2 open cool display units (both on loan), 1 upright single door drinks display fridge (on loan from Lucozade), ice cream deep freeze (owned), 5 greeting card display stands with drawers, counter, EPOS scanning system with 1 till etc.

Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin


Staff: The business is at present staff operated. Staff employed 2 full time staff employed. 5 morning newsrounds. Delivery charge 70p/£3 p.w.


Opening Hours Monday - Saturday inclusive - 6 a.m. - 6.30 p.m.
Sunday opening - 6 a.m. - 1.30 p.m.


Tenure We understand the premises are held on a secure renewable Council lease, the present lease expiring in November, 2015 at a rental of only £6,000 p.a. exclusive of rates up to November, 2009, with rent review at that time and thereafter every 3 years.

Uniform Busines Rates: £1,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION


Reference : C7042