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, MIDDLESEX

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offer further potential to increase in the right hands. Wholesale newsbill £1,400 p.w. We understand the gross profit is in the region of 18.5%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £60 p.w. The business also has Oyster which we understand provides a further commission of approximately £60 p.w. The business also sells phonecards.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,081 p.a. after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 35 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

RECOMMENDED FOR EARLY INSPECTION

Monday - Saturday inclusive - 6.30 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 3 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £45,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
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