£125,000 Business Residential Area, Dagenham, Essex

£125,000

CHECK IF AVAILABLE

Business
For Sale
Southgate
United Kingdom

MAINLY COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS slight CONVENIENCE GROCERIES, FULL FREE OFF LICENCE

Situated in a parade, main road trading position, residential area, DAGENHAM, ESSEX.

Features:-
This well established Newsagents has been in the same hands for the past 29 years & there are genuine reasons for sale.

Electric shutters plus new shop front to ATTRACTIVE SALES SHOP in the region of 500 sq. ft. sales area. Tiled floor, suspended ceiling with concealed lighting. We understand the shop was refitted in October, 2015. Counter touch screen with EPOS scanning system, cigarette gantry (on loan) 3.75m open cool display unit (used for soft drinks, milk & butter), 1-2.5m open cool display unit (used for beers), greeting card display section, photocopier (on loan). CCTV system with 8 cameras, monitor plus recording.

Stockroom
Cloakroom with w.c. & wash hand basin

Turnover:-
WE ARE INFORMED the turnover averages �7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill �750 p.w. We are further advised that the gross profit is in the region of 21%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately �150 p.w. The business also has Paypoint which we understand provides a further revenue of approximately �70 p.w. In addition there is an ATM machine providing approximately �30 per month. Also in addition there is a UPS Parcel Service which we understand provides a further revenue of approximately �200 per month.

Opening Hours:-
Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 7 a.m. - 3 p.m.

Staff:-
Operated by a husband & wife team & no staff are employed. 1 small delivery round. Delivery charge �2.50 p.w.

Accommodation: -
The SPACIOUS living accommodation FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 double bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Large lounge
Separate dining room
Kitchenette
Outside
Yard providing parking space for 2 cars

Tenure:
We understand the entire premises are held on a secure renewable under-lease having 11 years unexpired from February, 2018 at a rental of �13,000 p.a. exclusive of rates up to February, 2018. (We understand at the present time the vendor has not received any request for an increase in the rent from February, 2018). We are further advised that the rent reviews are every 4 years.

Uniform Business Rates: Nill payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 29 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price:-
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS �125,000 plus STOCK AT VALUATION (�30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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