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, main road trading position, residential area with schools nearby, ESSEX

WE ARE INFORMED the turnover currently averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £3,000 p.w. We are further advised that the gross profit is in the region of 22% approx. The business also has Oyster which we understand provides a commission of approximately £100 per month The business also sells national lottery scratch cards & we understand this provides a further commission of approximately £80 per month. We further understand that the vendor anticipates an on line national lottery terminal will be installed by November, 2015. We are further advised that the sales year ending 31st August, 2013 showed £319,321 with a gross profit of £42,544.

We understand the premises are held on a full repairing and insuring lease having approximately 14 years unexpired at a rental of £15,800 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £750 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

The living accommodation over, which does require refurbishment, comprises:

2 Bedrooms (1 double, 1 small double)
Space for bathroom
Shower Room
Lounge
Kitchen (needs fitting)

Monday - Saturday inclusive - 6 a.m. - 8.30 p.m.
Sunday opening - 6 a.m. - 4 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£15,000 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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