Newsagent for sale in Kent

Kent


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated busy road, large residential area, within easy walking distance of railway station for comuters KENT

WE ARE INFORMED the turnover averages £2,700 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours & newspaper deliveries, if desired & with the introduction of the sale of wines, beers & spirits, subject obviously to cobtaining the necessary Premises & Personal Licenses. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 25%. We further understand that the turnover last year showed £137,000 p.a. PLEASE NOTE THE APPOINTMENT OF A POST MASTER IS SOLELY AT DISCRETION OF POST OFFICE COUNTERS LTD. WE ARE FURTHER ADVISED BY THE PRESENT POST MASTER THAT POST OFFICE COUNTERS ARE CONSIDERING CHANGING THE MAIN POST OFFICE TO A POST OFFICE LOCAL WITH AN ANTICIPATED INCOME OF APPROXIMATELY £27,200/£30,300 P.A. INCLUDING ON LINE NATIONAL LOTTERY COMMISSION. IN OUR OPINION THE INCOME SHOULD INCREASE PROVIDING ADDITIONAL VOLUME OF BUSINESS IS FORTHCOMING.

The vendors own the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £24,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (Please note the vendors are prepared to consider granting a shortly lease, if desired).

Uniform Business Rates: £7,182 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR QUICK SALE

To the rear of this shop is a SMALL FLAT, comprising:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Kitchen area

Monday - Friday inclusive - 6.30 a.m. - 6 p.m.
Saturday opening - 7 a.m. - 6 p.m..
Sunday opening - 7 a.m. - 12 noon
(We understand the main post office hours of opening are Monday - Friday inclusive - 9 a.m. - 5.30 p.m. Saturday opening - 9 a.m. - 12.30 p.m)

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION (£10,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £39,950
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Post Offices
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