Newsagent for sale in Hereford

Hereford, Herefordshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, close to school & town centre, HEREFORDSHIRE

WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £850 p.w. We are further advised that the gross profit is in the region of 24%. 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 approximately £110 p.w.

WE UNDERSTAND THE PREMISES ARE HELD ON A SECURE RENEWABLE LEASE, THE PRESENT LEASE HAVING 15 YEARS UNEXPIRED AT A RENTAL OF £15,000 P.A. EXCLUSIVE OF RATES, FIXED FOR THE ENTIRE TERM OF THE EXISTING LEASE.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE

REALISTICALLY PRICED FOR EARLY SALE

Monday - Friday inclusive - 6 a.m. - 6 p.m.
Saturday opening - 6.30 a.m. - 6 p.m.
Sunday opening - 8 a.m. - 1 p.m.
It will be appreciated upon inspection there is potential for additional opening hours, if desired.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£14,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £25,000
Tenure : Leasehold
Status: Available
Sectors:
General Stores
Newsagents
Off Licences
Supermarkets
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