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

Situated in a parade, main road trading position, residential & commercial area, SURREY.

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. Wholesale newsbill £400 p.w. We are further advised that the gross profit is in the region of 20%. In addition the business has Oyster for the sale of bus passes & we understand this provides a commission of approximately £350 p.w. The business also has on line national lottery which together with scratch cards we understand provides a further commission of approximately £150 p.w. As will be appreciated the total income at the present time from Oyster & on line national lottery tickets is currently in the region of £500 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 14¾ years unexpired at a rental of £12,500 p.a. exclusive of rates for the next 4¾ years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND THERE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 6.30 a.m. - 7.30 p.m.
Sunday opening - 7.30 a.m. - 4 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£7,000 approx).
SUBSANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £49,500
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Convenience Stores
Newsagents
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