Newsagent for sale in Margate

Margate, 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, main road trading position, residential area, KENT

WE ARE INFORMED the turnover averages £2,700 p.w. in our opinion offering further potential to increase, especially with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Licenses. Wholesale newsbill £1,000 p.w. Gross profit 20% approx. The business also has Payzone.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of £9,600 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereaftere every 5 years.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Thursday inclusive - 6 a.m. - 6 p.m.
Friday - 6 a.m. - 6 p.m.
Closing 1 p.m. - 2 p.m. for lunch
Saturday opening - 6 a.m. - 5.30 p.m.
Sunday opening - 6 a.m. - 2 p.m.

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

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business information

Sale price: £30,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
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