Newsagent for sale in Berkshire

Berkshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, main road trading position, densely populated residential area, BERKSHIRE

WE ARE INFORMED the turnover averages £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £300 p.w. We are further advised that the gross profit is in the region of 20%. The business at present sells on line scratch cards & we understand from the vendor that an on line lottery terminal is shortly to be installed.

The vendor owns the freehold and is prepared to grant, subject to satisfactory references, a new 15 years full repairing and insuring lease at a rental of £14,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAD BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

7 a.m. - 10.30 p.m. seven days per week.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£15,000/£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £65,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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