Newsagent for sale in Tunbridge Wells

Tunbridge Wells, Kent


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, excellent trading position, sought after KENT

WE ARE INFORMED the turnover averages £9,500/£10,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 20%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides an average commission of approximately £150 p.w. The business also has Paypoint which we understand provides a further commission of approximately £50 p.w. In addition the business has Collect Plus which we understand provides a further revenue of approximately £20 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £10,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Monday - Saturday inclusive - 7.30 a.m. - 6 p.m.
Sunday opening 10 a.m. - 4 p.m.
It will be appreciated upon inspection that there is terrific potential for additional opening hours, if desired.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £110,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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