Newsagent for sale in Hastings

Hastings, East Sussex


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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, residential area, EAST SUSSEX

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,400/£1,500 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £200 p.w. The business also has Paypoint which we further understand provides a further commission of £60 p.w. We are further advised that the sales year ending 31st December, 2014 showed a turnover of £455,953 plus commission received of £14,223 providing a total turnover of £470,176 with a gross profit of £98,885.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease 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: £3,600 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Friday inclusive - 5.30 a.m. - 7 p.m.
Saturday opening - 6.30 a.m. - 7 p.m.
Sunday opening - 6.30 a.m. - 1 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £90,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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