Newsagent for sale in Southampton

Southampton, Hampshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after residential area, busy road, close to University, HAMPSHIRE.

WE ARE INFORMED the turnover averages £3,700/£4,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,200 p.w. (including local papers of approx. £600 p.w). Gross profit 18% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand that this provides a commission of approx. £60 p.w. We are further advised that the sales year ending 31st July, 2015 showed £170,501 with a gross profit of £30,392.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £11,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: NIL after 100% small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

The accommodation, all in GOOD CONDITION, fully DOUBLE GLAZED and with full gas fired CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single).
Bathroom with bath, shower over bath, w.c. and wash hand basin.
Large lounge.
Kitchen with fitted units.

It will be appreciated upon inspection that there is potential to extend the living accommodation on the first floor, subject to obtaining the necessary planning permission.

Monday - Saturday inclusive - 8 a.m. - 6.30 p.m.
Sunday opening - 8 a.m. - 12.30 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£15,000 approx. can be reduced).
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
Off Licences
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