Newsagent for sale in Essex

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, excellent trading position, residential area ESSEX

WE ARE INFORMED the turnover currently averages £7,000 p.w. in our opinion offering tremendous potential for further development, especially with the introduction of additional groceries & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill £1,600 p.w. We are further advised that the sales year ending 31st January, 2014 showed sales of £390,848 with a gross profit of £118,520 (including post office income & commission of £63,142).

The vendor owns the freehold and subject to satisfactory references is prepared to grant in respect of the shop premises with accommodation over a new 12 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Please note that should the self contained flat over not be required, the vendor is also prepared to grant, subject to satisfactory references, a new 12 years full repairing and insuring lease in respect of the shop premises only at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £6,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED RETAIL BUSINESS WITH MAIN POST OFFICE IN THIS SOUGHT AFTER TRADING POSITION

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

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

2 Bedrooms (1 large double, 1 additional double)
Bathroom with bath, w.c. & wash hand basin
Spacious lounge/dining Room approximate 25' long
Fitted kitchen/breakfast room

Monday - Saturday inclusive - 6 a.m. - 6.30 p.m.
With the exception of Wednesday & Saturday when the business opens from 6 a.m. - 7.30 p.m. for the sale of on line national lottery tickets plus scratch cards & the business also remains open on Friday until 7 p.m. for the sale of on line national lottery tickets plus scratch ards.
Sunday opening - 6 a.m. - 2 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £180,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Post Offices
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