Leasehold Newsagents and Off-Licence Located In Warwick
News Bill £2,000 PW
This respected Newsagents is located in the historic town of Warwick which is one of Warwickshire's popular tourist hotspots. It's sits within a prominent and highly visible trading position close to Warwick Castle and large retailers to include Greggs, Savers and Lloyds bank which bring high levels of footfall to the area.
Asking Price: £59,950 plus SAV (£15,000)
Veritas Business Sales are delighted to offer for sale this delightful Newsagents which is located in Warwick. The business has been established for over 20 years and has been in the careful hands of our clients for 1 year and is reluctantly being offered for sale due to family commitments. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Cabin News is owner operated with the help of 2 part time members of staff and has an annual turnover of £381,236 pa net of vat. They retail groceries, stationary, cold drinks, milk, confectionery, newspapers (news bill £2,000 per week, 7 morning rounds), magazines, greeting cards, hardware, medicines, toiletries, tobacco, beers, wines and spirits. Other services include The National Lottery (sales £1,600 per week) and Payzone (sales £15,678 pa). We believe that there is further potential to increase trade by expanding upon the current opening times. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.
Monday - Saturday - 6.00am - 6.00pm
Sunday - 6.00am - 2.00pm
Original term: 15 years
Remaining: 10 years
Rent: £13,000 pa
Retail comprising: serve over sales counter with cash register, lockable tobacco kiosk, news and magazine shelves, sales and display shelves, stationary section, greeting cards section, ice cream fridge, toiletries area, double door drinks chiller and 2 x 2 door Coca Cola fridges.
Kitchen with sink drainer, office area with CCTV monitor and storage shelves.
Stockroom with shelving.
W/C with wash basin.
The property benefits from CCTV (4 camera system) and an air conditioning unit/hot air blower.