Newsagent for sale in Oxfordshire

Oxfordshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a terrace, busy road, residential area, OXFORDSHIRE

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £2,000 p.w. We are further advised that the gross profit is in the region of 23%. 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 £25 p.w.

We understand the premises are held on a secure renewable lease, the present lease expiring in 2025 at a current rental of £16,000 p.a. exclusive of rates for the next 4 years, with rent to be agreed thereafter. (We understand from the present owners that no increase was requested by the landlords at the last rent revision).

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

The accommodation with NIGHT STORAGE HEATERS comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen/Dining Room

Monday - Saturday inclusive - 6.30 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 4 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 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: £60,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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