Newsagent for sale in Banbury

Banbury, Oxfordshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated end of parade, occupying a corner position, OXFORDSHIRE

WE ARE INFORMED the turnover averages £6,000/£6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £600 p.w. We are advised the gross profit is in excess of 20%. In addition the business is agents for the sale of online national lottery tickets plus scratch cards & we understand this provides a commission of approximately £100 p.w. The business also has Paypoint which we understand provides a further revenue of approximately £20 p.w. The business also has an external ATM machine & we are advised this provides a commission of £2,500/£3,000 p.a.

We understand the landlords, subject to satisfactory references, are prepared to grant a new 10 years full repairing and insuring lease at a rental of £16,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.

Uniform Business Rates: £3,600 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The SPACIOUS accommodation which does require some redecoration & refurbishment comprises:

First Floor
Lounge Lounge
Separate Dining Room
Kitchen (needs fitting)

Second Floor
3 Double Bedrooms
Bathroom with bath, wash hand basin (needs refitting)
Separate w.c.

Third Floor
2 Additional Double Bedrooms

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening 7 a.m. - 1 p.m. only

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£15,000 approx. can be reduced).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £85,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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