Newsagent for sale in Hampshire

Hampshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after trading position, opposite large County Council offices, close to Law Courts, College & University, HAMPSHIRE

WE ARE INFORMED the turnover averages £5,800 p.w. in our opinion offering terrific potential for further increase, especially with additional opening hours & with the introduction of convenience groceries & indeed with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licenses. Wholesale newsbill £1,800 p.w. We are further advised that the gross profit is in the region of 20%. We understand the Post Office salary is currently in the region of £48,000 p.a. however, we further understand that Post Office Counters have stated that they wish to convert the Sub Post Office into a Post Office Local & we understand the revenue, subject to the volume of business is likely to be in the region of £26,000 p.a.

We understand the present owners are currently operating on a Rolling Lease, however further understand the landlords, subject to satisfactory references, is prepared to grant a new 15 years lease at terms and rental to be agreed.

Uniform Business Rates: £1,200 p.a. (after small business relief)

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

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Friday inclusive - 6 a.m. - 6 p.m.
Saturday opening - 7 a.m. - 1 p.m.
CLOSED ALL DAY SUNDAY (however, newspaper deliveries are undertaken)

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £85,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Post Offices
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