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Advert Ref: N883

Leasehold Newsagents Grocery In Faversham Kent For Sale

  • Faversham, Kent
Asking price:
£140,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed


UNOPPOSED LOCK UP PREMISES
PRIME TOWN CENTRE LOCATION
HUGE POTENTIAL
LOW RENT

LOCATION
Prominently situated in the centre of this charming Kent market town, serving a densely populated residential area, being only 0.5 miles from Faversham rail station.

BUSINESS
Well established, having been in the present hands for 5 years and now only being marketed as a result of the vendors other business interests. Tremendous potential exists for longer opening hours and the introduction of an off licence and more grocery lines.

TURNOVER
£14,000 PWK @ 18 % GP

PLUS PAYPOINT SALES: £7,000 PWK PLUS LOTTERY SALES £3,000 PWK

NEWSBILL
£3,500 PWK (18 Rounds)

HOURS
6.00am - 5.00pm Mon to Sat
6.00am - 2.00pm Sun

PREMISES
Mid Parade premises with single frontage. Retail Area: approx. 500 sq/ft. air conditioning unit, all round display shelving, magazine racking, greetings card displays, large drinks chiller, counter with 2 EPOS tills, tobacco gantry, coffee machine, ATM machine, ice cream freezer. Store/Marking up Room: Kitchenette Area: St/stl sink. Sep. W.C. W/basin.

OUTSIDE – Delivery access.

TENURE
15 year lease from October 2012. RENT - £12,000 PA (5 year reviews)

EPC RATING
EPC RATING – Band E

BUSINESS RATES
Nil currently payable

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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