 | Newsagent with Accommodation Good Location Cambridge For Sale Cambridge, Cambridgeshire, United Kingdom Advert ref: N.3.69.CNS Business description
The property forms part of a parade of shops and has a modern style glazed frontage with a small parking area to the front of the shop. Ground floor comprises the shop which is approximately 240 sq.ft. (22.29 sq.m.) with a large room to the rear, currently used as a staff room. Supported by a good local customer base the business provides a range of confectionery, cards, toys, stationery, newspapers and magazines, a small range of tinned foods as well as bread, sauces, eggs, biscuits, cakes and pet foods. In addition there are some household items such as refuse sacks and personal hygiene items and lottery scratch cards.
There are currently nine morning and evening paper rounds.
Years established: Well established business that has been in the present owners hands for 18 years.
Employees: The business is run by the working owner with part time help on a Saturday.
Trading hours: Monday to Friday: 6.00am to 6.00pm, Saturday: 6.00am to 5.30pm, Sunday: 7.00am to 12.30pm.
Property: Leasehold
Lease terms
The vendor advises that the premises are held by way of a renewable 7 year lease expiring November 2011 at a passing rent of £12,000pa.
Living accomodation
The vendor advises there are two large bedrooms, a smaller box room, kitchen and bathroom. This accommodation has a separate entrance from the front of the property and can be accessed via an internal door from the shop. This is currently not used as the first floor had until recently been let at a rent of £550 per month. Externally to the rear is a garden
Location
The business is located in a busy street within a mixed residential and commercial area close to the city centre.
The property forms part of a parade of shops and has a modern style glazed frontage with a small parking area to the front of the shop.
Reasons for selling
Retirement sale.
Financing available
Independant financial broker available to give advise on purchase of the business.
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| | Financial details Asking price: £65,000
Sales revenue: £228,900
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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