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

Main road trading position, sought after residential area, SURREY

WE ARE INFORMED the turnover averages £9,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £2,700 p.w. Gross profit 26% 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 £50 p.w. The business is also agents for Paypoint. We are further advised that the sales year ending November, 2015 showed in the region of £563,718 inclusive of VAT.

We understand the premises are held on a secure renewable lease from a private landlord, the present lease expiring in 2023 at a current rental of £6,000 p.a. exclusive of rates up to April, 2017 with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £696 p.a. after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE NOVEMBER, 2008 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 5 a.m. - 5 p.m.
Sunday opening - 5 a.m. - 12 noon

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£10,000/£15,000 approx. plus news accounts in the region of £12,000)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £125,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
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