Attractive Somerset Freehold Newsagents For Sale

Business description

ATTRACTIVE DOUBLE FRONTED SALES SHOP approx. 550 sq. ft. sales area with lino floor, fluorescent lighting plus halogen lighting. Well equipped including counter, EPOS scanning system with 1 till, 1 upright single door drinks display fridge (owned), 4 greeting card display stands with drawers, 3 revolving card display stands (on loan) etc.

Stockroom/office
Staff cloakroom with w.c. and wash hand basin
2 Cellars used for storage purposes

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: £560 p.a. approx. (after small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7½ YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The spacious living accommodation, all in GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises: 3 Double Bedrooms Large Bathroom with bath, w.c. and wash hand basin Large Lounge Spacious fully fitted kitchen/dining room

Location:

End of terrace, adjacent to Marina, SOMERSET

Other information

Expansion potential:

WE ARE INFORMED the turnover averages in the region of £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the minimum winter turnover is in the region of £3,000 p.w. increasing to a maximum during the summer months of approx. £7,500 p.w. Wholesale newsbill average £2,300 p.w. We are further advised that the sales year ending March 2008 showed in the region of £250,000 inclusive of VAT.

Reasons for selling:

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £259,000 plus STOCK AT VALUATION (£25,000/£30,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Winter Months -
Monday - Friday inclusive - 5.30 a.m. - 1 p.m.
Saturday & Sunday - 5.30 a.m. - 12 noon only

Summer Months
5.30 a.m. - 5.30 p.m. seven days per week

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT