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Advert Ref: N897

Leasehold Newsagents In Maidstone For Sale

  • Maidstone, Kent
Asking price:
£330,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME LOCATION
1100 SQFT
88 year LEASE RENT ONLY £6,000 P.A.
TURNOVER £9,000 PWK PLUS COMMISSIONS
£9,000 P.A. HOARDING INCOME

LOCATION
The imposing detached premises occupy a prime trading location, fronting a main road junction close to the centre of Maidstone, being adjacent to the Crown Court and 100m from Maidstone West rail station. The business enjoys tremendous footfall.

BUSINESS
Well established, having been in the same family's hands since 1981 and now only being marketed as a result of the Vendor requiring a change. Tremendous potential exists for longer opening hours.

TURNOVER
Accounts show £445,012@ 33% G.P. Plus £7,507 P.A. Lottery commission. £13,804 P.A. ATM commission.
An additional income of £9,000 P.A. is also enjoyed from an advertising hoarding.

NEWSBILL
£500 PWK (No Rounds)

STAFF
4 Full time and 1 Part time WAGES - £53,000 P.A.

HOURS
5.30am to 7.00pm Mon to Fri (Sat 6-7 and Sun 8-2)

PREMISES
Imposing Detached premises with an overall gross floor area of 1100sqft. Retail Area: with all round display shelving, gondola displays, counter with elect till, 2 upright drinks chillers, 8m drinks chiller, greeting card display. Bake off Area: with counter and separate hatch to street, bake off oven, heated display cabinet, coffee machine. Store Room: Kitchenette: Office: Staff W.C and W/basin.

TENURE
Held on a local authority lease for 125 years from 18th December 1981 RENT - £6,000 P.A. (Limited to 35% of true market rental for duration of lease)

EPC RATING
Band D

BUSINESS RATES
Zero payable

Property:
Leasehold

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

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