Newsagent for sale in Surrey

Surrey


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Excellent main road trading position, residential area, SURREY

WE ARE INFORMED the turnover averages in the region of £10,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1 500 p.w. We are further advised that the gross profit is in the region of 25%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of between £60/£70 p.w. The business also has Paypoint including Parcel service which we understand provides a further commission of approximately £60/£70 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 14½ years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 4½ years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £700 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 5 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£30,000/£35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £130,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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