Newsagent for sale in Middlesex

Middlesex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, residential area MIDDLESEX

WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further development, especially with additional opening hours. Wholesale newsbill £300 p.w. Gross profit we are advised in the region of 25% approx. We are further advised the Post Office revenue last year was in the region of £100,000 including the commission paid in respect of the sale of on line national lottery tickets plus scratch cards plus additional income paid in respect of an ATM machine.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease in respect of the shop premises at a rental of £17,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (Should the flat be required, the vendors, subject to satisfactory references, are prepared to grant a new 20 years full repairing and insuring lease in respect of the shop with accommodation over at a rental of £27,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years).

Uniform Business Rates: £5,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Available as an optional extra is a SELF CONTAINED FLAT over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprising:

2 Bedrooms (1 double, 1 single)
Fully tiled bathroom with bath, w.c. & wash hand basin
Large lounge with fitted kitchen area

Monday & Tuesday - 8 a.m. - 6 p.m.
Wednesday - 8 a.m. - 7.30 p.m.
Thursday & Friday - 8 a.m. - 6 p.m.
Saturday - 8 a.m. - 7.30 p.m.
NO SUNDAY TRADING

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £97,500
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Post Offices
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