Advert Ref: N2090

Long Established Newsagent With Accommodation For Sale

  • Norwich, Norfolk, United Kingdom
Asking price:
£99,750
Sales revenue:
£430,546
Net profit:
£52,662

Highly successful, long established business situated in a prominent trading position. Member of a recognised symbol group. Spacious two bedroom flat with rear garden and garage. Certified accounts show sales net of vat of £418,804 per annum plus lottery and pay point transactions of £11,742. Declared gross profit of £104,739.

Property:
Leasehold
Lease terms:
Twenty one year lease from 1995. Rent £12,000 per annum with rent reviews every third year. Our client currently sub lets the flat under the terms of a six month shorthold tenancy agreement at a rent of £500 per month exclusive.
Living accomodation:
Self contained two bedroom flat with rear entrance. Garden at rear, single garage and lockup garden store. Driveway providing off road car parking.
Location:
Located in the city of Norwich, the business is sited in a densely populated suburb fronting onto a busy road.
Trading hours:
5.30am to 6pm Monday to Saturday, 5.30am to midday on Sunday
Financing available:
Via Ashley Tate's panel of recommended banks and brokers.
Fixtures value:
Undisclosed
Stock value:
Undisclosed

If you are interested in finding out more about this business for sale, you can contact us via any of the three options below.