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Asking Price
£89,000
Description
A very busy and well established and unopposed leasehold newsagents in a high footfall area with complimentary shops, businesses, bus stops and market place very close by. occupying an excellent parade position on one of the main bus routes to and from this busy area of stoke on trent. there is easy access to the a500, a50, a38 and the m6.
description & premises:
this traditional shop has been run by the current vendor since 2002 and operates from a 3 storey premises.
it benefits from a tidy well kept sales area of approx 560sqft (28ft x 20ft) in size. this is fitted with a good range of fixtures and fittings including free standing shelving, magazine racks, 2 x double drinks chillers, serving counter, tobacco gantry and 2 x electronic tills.
in addition there are two further floors upstairs;
1st floor – comprises of a wash room and toilet, storage area (16ft x 10ft), plus an office/storage area with double glazed windows (17ft x 13ft).
2nd floor – comprises double glazed windows, is need of modernisation but could be used as further office/storage space or accommodation subject to the relevant planning consent.
average weekly trade is currently stated to be around £6,500pw plus phone top ups of £950pw and a news bill of approx £1,000pw.
accounts for year ended march 2007 show net sales of £318,645 with a gp of £49,053 (15.3%). em&f have calculated an adjusted net profit (anp) for a working couple of £38,605 based on
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