Well Presented Newsagents For Sale

Business description

The business was established 30 years ago and in our client’s ownership for the past 2 years. Our client has decided to sell the business due to personal circumstances. The business currently stocks and sells traditional range of cigarettes and other tobacco products together with fast moving confectionery count lines, boxed chocolate selections, newspapers and magazines, crisps, cold drinks, greeting cards and a variety of daily grocery requirements. The business currently offers 14 morning newspaper rounds. The business is entirely operated by 1 part-time and 2 full-time staff.

Property information

Property:

Leasehold

Lease terms:

We are advised that there is a balance of 19 years remains on the lease with rent reviews every 5 year. Rent payable £18,000 per annum. Uniform business rates payable £3,000 per annum approx.

Living accommodation:

The well presented self contained accommodation comprises of lounge, bedroom, kitchen, bath/W.C. The flat can provide between £7,000/8,000 incomes every year.

Location:

This long established business occupies a prime trading position on a busy main street parade that is located in a densely populated residential area. The shop is surrounded by other various retail outlets, schools, offices, etc. The area is very well served by public transport; as all the major bus routes pass the doorsteps with an underground station located just opposite the shop. Also, being situated 5 minutes driving away from A127 and 20 minute from M25 is another advantage of this lucrative business. Car parking facilities are available in the area. The business enjoys a monopolistic position.

Other information

Trading hours:

5.30 am to 6.30 p.m Monday to Saturday
5.30 am to 1.30 p.m Sunday