Newsagent for sale in Norwich

Norwich, Norfolk


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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 main road trading position, NORFOLK.

WE ARE INFORMED the turnover averages £16,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,300 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £200 p.w. The business also has Paypoint which we understand provides a further commission of approximately £60 p.w.

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 9 years unexpired at a rental of £15,000 p.a. exclusive of rates up to September, 2018, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £6,300 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

The SPACIOUS accommodation in the form of a SELF CONTAINED MAISONETTE OVER with FULL GAS FIRED CENTRAL HEATING, comprises:

3 bedrooms (2 doubles, 1 single)
Bathroom with bath, shower, w.c. and wash hand basin
Large lounge
Fitted kitchen/breakfast room

Monday - Thursday inclusive 6 a.m. - 10.30 p.m.
Friday & Saturday - 6 a.m. - 11 p.m.
Sunday opening - 6 a.m. - 9 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £197,500 plus STOCK AT VALUATION (£40,000/£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £197,500
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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