Newsagent for sale in High Peak

High Peak, Derbyshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Unopposed trading position, residential area, DERBYSHIRE.

WE ARE INFORMED the turnover averages £3,750 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand that planning permission has been granted for in excess of 600 new houses to be built in the area, in our opinion offering further potential for the business to increase. In addition, from Payzone & Paypoint we are advised there is an additional commission of approximately £20 p.w. We also understand from the vendor that he hopes early next year to have a lottery terminal installed for the sale of on line national lottery tickets & scratch cards.

The vendor owns the freehold and is prepared to grant in respect of the shop, subject to satisfactory references, a new 21 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (Please note that if a shorter lease is required, the vendor is also prepared to discuss a shorter lease, if required).

RECOMMENDED FOR EARLY INSPECTION

Available as an optional extra in the same building is a 2 or 3 bedroom flat at terms and rent to be agreed.

Monday - Sunday inclusive - 7 a.m. - 8.30 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£12,000/£14,000 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:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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