Newsagent for sale in West Sussex

West Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, sought after village residential area, WEST SUSSEX

WE ARE INFORMED the turnover averages £5,900 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,900 p.w. Gross profit 20% approx. Post Office salary £52,000 p.a. approx. (including in the region of £6,000 receive in respect of the sale of on line national lottery tickets plus scratch cards). We are advised the Sub Post Office became a Main Post Office in November, 2015 & the present owner is of the opinion the post office income is in the region of £60,000 p.a. (including in the region of £6,000 received in respect of the sale of on line national lottery tickets plus scratch cards).

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 months unexpired at a rental of £13,750 p.a. exclusive of rates, fixed for the remainder of the term. We further understand the lease is renewable for a further 10 years at terms and rent to be agreed, however we are advised by the present owner that he is confident the rent will remain initially at approximately the same.

Uniform Business Rates: £1,400 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED FLAT all in GOOD CONDITION & with ELECTRIC DIMPLEX HEATERS, is at present let on a shorthold tenancy & provides a rental income of £575 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Office
Kitchen with fitted units

Monday - Friday inclusive - 5.30 a.m. - 5.30 p.m.
Saturday - 5.30 a.m. - 3 p.m.
Sunday - 6 a.m. - 12 noon
(Main Post Office opening hours - Monday - Saturday inclusive 6.30 a.m. - 5.30 p.m. Sunday opening - 6 a.m. - 12 noon).

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£6,500 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £100,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Post Offices
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