Leasehold Newsagents and Off-Licence Located In Warwick

Warwick, CV34 4SA
£59,950 plus SAV
Business ID:
#2371
£59,950
  • Ref: 2371
  • Type: Newsagents
  • Availability: Sold
  • Veritas Categories: Newsagents, Retail, - Off License
  • Business ID: 2371
  • Price Postfix: plus SAV
  • Commercial Tenure: Leasehold
  • Commercial Price: 62500
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Full Details

Leasehold Newsagents and Off-Licence Located In Warwick
Ref 2371

Location
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 in main Market Square, near the many bars, restaurants and council offices and on the doorstep of all events and markets that take place throughout the year bringing in more footfall than on regular days.

Asking Price: £59,950 plus SAV (£20,000)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding 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 since 2011 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. Warwick News and Wine is owner operated with the help of 2 part time members of staff and has an annual turnover of £347,986 net of vat with a GP of (22%). They retail groceries, stationary, cold drinks, milk, sandwiches, confectionery, newspapers (counter sales only, bill £600 per week), magazines, greeting cards, hardware, medicines, toiletries, tobacco, beers, wines and spirits. Other services include a takeaway coffee machine, Hermes parcel drop, The National Lottery (sales £26,632 pa) and Payzone (sales £17,878 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.

Opening Hours
Monday - Saturday - 6.30am - 6.30pm
Sunday - 7.00am - 2.00pm

Leasehold
Original term: 15 years
Remaining: 7 ½ years
Rent: £17,016 pa
Reviewed: 5 yearly
Rates: £1,043 pa

Ground Floor
Retail comprising: serve over sales counter with electronic EPOS till system, lockable tobacco kiosk, news and magazine shelves, sales and display shelves, stationary section, greeting cards section, ice cream fridge, instant coffee machine, 3 door Coca Cola fridge, 2 door beer chiller, double door wine fridge, dairy chiller and central display isles.
Stockroom with shelving, floor safe, tea and coffee area, and CCTV monitor.
Rear hallway/newspaper drop (shared).
W/C with wash basin (shared).