Newsagent for sale in Maidstone

Maidstone, Kent


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, prime trading position, KENT

WE ARE INFORMED the turnover currently averages £14,000 p.w. in our opinion offering further potential to increase in the right hands & especially with the introduction of the sale of wines, beers & spirits. We understand there is a Premises Licence & obviously to be able to sell wines, beers & spirits it will be necessary to obtain a Personal Licence. Wholesale newsbill £600/£700 p.w. We are advised the gross profit is in the region of 24%. The business also has Western Union Money Transfer & we understand this provides a commission of approximately £200 per month.

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £35,000 p.a. exclusive of rates up to 2016, with rent to be agreed thereafter.

Uniform Business Rates: £12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 7 a.m. - 6 p.m.
Sunday opening - 8 a.m. - 6 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£20,000 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:
Newsagents
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