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Viewing by appointment only. Well established Newsagents, ground floor lock up.
Turnover of £350,000 per annum
Situated between two sought after High Schools on a main road & Bus route
Reference - 47777
Description This is mainly a newsagents but has a range of confectionary, cold drinks, and lottery services and household products. With already a great turnover of more than £340k pa with the addition of alcohol, hot foods and expanding news home deliveries along with extended hours would bring potential to increase turnover. Having already over 60 years trading this newsagents is main part of this community and with increase housing development in the area will see this business stay here for many years to come.
Sales Currently shop sales average £340,000 pa approximately.
Accounts Current records and accounts can be inspected when viewing.
Staff Managed by the owners with 2 full and 2 part time staff.
Building External At the end of a row of terraced domestic homes it is well positioned with plenty parking for very busy passing traffic and with two schools nearby makes mornings, lunch time and early afternoon very busy parts of the day.
Building Internal You enter through glass doors into the main shop floor with stock well displayed make great use of space with the sales counter on the left and a stock room to the rear with staff toilets.
Tenure We are advised that the property is freehold.
The vendors own the property and will either grant a new Fri lease (subject to contract) at an initial rent of £14,600 per year or will sell the property – subject to negotiation.
Vendor would rather sell business and property together but would look at a premium of £125,000 plus lease of £1300 per month
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Residential accommodation There is no residential accommodation for owners/management available.
Summary Bruce & Co are delighted to bring to market this great business opportunity due to retirement of current owners as we see this has a turn key business with a great reputation which is a credit to its current owners so we highly recommend early viewing is a must.
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
Contact Bruce & Company about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.