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 prime position, town centre, ESSEX

WE ARE INFORMED the turnover averages £11,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,100 p.w. Gross profit in excess of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of between £180/£200 p.w. The business also has Paypoint plus internal ATM machine plus Parcel Collection service which we understand provides a further revenue of approximately £40 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of only £8,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Saturday inclusive - 6.30 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 4 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £110,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
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