Business for sale

Business description

Location This business is located in Buckinghamshire. (Registered users can see full location details)


Turnover WE ARE INFORMED the average weekly turnover for the 39 week period ending August, 2006 showed £3,689 inclusive of VAT. We are further advised that the retail newsbill, including delivery charges, showed £1,220 p.w. on average. Post Office salary year ending November, 2005 £27,490. We are further advised that the breakdown of sales for the 39 week period ending August, 2006, inclusive of VAT, showed as follows:

Cigarettes & tobacco £65,560
News & Counter News £47,589
Books £30
Standard Confectionery £11,084
Ice Cream £570
Minerals £6,085
Crisps & Snacks £1,185
Stationery £1,093
Toys £71
Cards £3,037
Groceries £541
Sundries £2,574
Recorded Music £6
Delivery Charges £4,482
Lottery £1,773
Etop Up £9,125
TOTAL SALES £154,805
Gross Profit before shrinkage £26,278 plus Post Office Remuneration £22,732 providing a total gross profit for the 39 week ending August, 2006 of £49,010

Year ending November 2005 TOTAL SALES £223,083 Gross profit (before shrinkage) £36,497 plus Post Office Remuneration £27,490 providing a total gross profit for year ending November 2005 £63,988


Price TO INCLUDE THE NEW LEASE,GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features Outstanding opportunity to acquire an old established Newsagents with Sub Post Office, which is currently owned by a Company and this concern is offered for sale as it has now become surplus to their requirements.

Forecourt providing customer's car parking to -

Double fronted Sales Shop approx. 393 sq. ft. fully equipped for the trade. Please note the EPOS scanning system and computer is not included in the sale.


Staff The business is at present operated under management. Staff employed in respect of the shop 1 full time manager, 1 supervisor, 1 part time shop assistant and in respect of the Sub Post Office 2 part time staff.


Opening Hours Monday - Friday inclusive - 6 a.m. - 5.30 p.m.
Saturday opening - 6 a.m. - 5 p.m.
Sunday opening - 7 a.m. - 1 p.m.

It will be appreciated upon inspection that there is potential for additional opening hours.


Accommodation The accommodation in the form of a SELF CONTAINED FLAT over, we understand is at present let on a shorthold tenancy and provides a rental income of £425 per calender month, however, we are further advised that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen


Outside Garden


Tenure We understand that subject to satisfactory references, the landlords are prepared to grant a new 10 years full repairing and insuring lease at a rental of £14,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.

Uniform Business Rates: £1,731 p.a. plus water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : C6602