Newsagent for sale in Dagenham

Dagenham, Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, densely populated residential area, ESSEX

WE ARE INFORMED the turnover currently averages £3,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £600 p.w. The present owner has recently introduced card payments. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a current commission of approximately £180 p.w. The business also has Oyster which we understand provides a further commission of approximately £100 p.w. We are further advised that sales year ending 31st December, 2013 showed sales of £159,414 with a total gross profit of £40,842 (including commission from national lottery, Oyster, postage stamps and phone cards of £12,997).

We understand the premises are held on a secure renewable Council lease, the present lease expiring in March, 2023 at a current rental of £8,750 p.a. exclusive of rates with rent reviews every 4 years. We understand that the landlords did not request any increase in the rent at the last rent revision.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Lounge
Separate kitchen
Large single bedroom

Second Floor
2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin

Monday - Saturday inclusive - 7 a.m. - 6 p.m.
Sunday opening - 10 a.m. - 1 p.m. only
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£7,000/£8,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £45,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
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