Newsagent for sale in Birchington

Birchington, Kent


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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, residential area, KENT

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 £900 p.w. Gross profit we are advised in excess of 20%.

We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £8,600 p.a. exclusive of rates for the next 4 years, with rent reviews every 4 years.

Uniform Business Rates: £940 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

Monday - 6.30 a.m. - 6.30 p.m.
Tuesday & Wednesday - 6.30 a.m. - 7.30 p.m.
Thursday - 6.30 a.m. - 6.30 p.m.
Friday & Saturday - 6.30 a.m. - 7.30 p.m.
Sunday opening - 6.30 a.m. - 12 noon

TO INCUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £50,000
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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