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Advert Ref: N887

Leasehold Newsagents In Chatham For Sale

  • Chatham, Kent
Asking price:
£119,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed


PRIME LOCATION
SAME HANDS 15 YEARS
RETIREMENT SALE
6 DAY TRADING

LOCATION
Prominently situated fronting the High Street of this popular Kent Town being amongst all the major multiple stores, Banks and Offices and serving a densely populated residential area.

BUSINESS
Well established, having been in the present hands for 15 years and now only being marketed as a result of the vendors wish to retire. Tremendous potential exists for longer opening hours (Especially Sundays) and the introduction of convenience grocery lines and an off licence.

TURNOVER
£12,000 PWK @ 20% GP. Including £2,500 Lottery

NEWSBILL
£600 PWK (No Rounds)

HOURS
7.30am - 5.30pm Mon to Sat
Closed Sun

PREMISES
Semi Detached premises with double aluminium frontage. Retail Area: 300 sq/ft. all round display shelving, gondola display, magazine racking, greetings card displays, 2 twin door upright chillers, counter with 2 EPOS tills, ice cream freezer. Store Room: Office: Sep. W.C. W/basin.

TENURE
4 years remaining on original 10 year lease. RENT - £10,500 PA (5 year reviews)

EPC RATING
Band D

BUSINESS RATES
Nil currently payable

Property:
Leasehold

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

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