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Business property

  • Terry Price
Part of the Macmillan Master Series book series

Abstract

Reg Pullin has been employed for a number of years as a sales clerk in a large company producing cardboard containers. As a result of a downturn in trade the company decide to try to shed staff by a voluntary redundancy policy Reg has been for a long time interested in running his own business and he sees the following advert in a newspaper:

Village Newsagent/General Stores and Sub-Post Office in pleasant area in the Peak District. Attractive detached property with 4 bedrooms, 2 reception rooms, modern bathroom and 2 w.c.s. Full gas fired central heating. Lawned garden. Takings: £2400 per week, plus Post Office salary £12 000. Price: £108 000.

Reg is very interested and he andhis wife Lynne are even more keen when they view the property. He decides to sell his own house for £68 000 and to use his redundancy money of £20 000 to purchase the post office/newsagents. He decides to see his bank manager, who agrees to advance him the remaining £20 000 over fifteen years.

Reg makes an offer of £108 000, which is accepted ‘subject to contract’ by the sellers, Mr and Mrs Reaney.

Keywords

Edale Road British Broadcasting Corporation Lucrative Business Peak District Ordinary Share 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Terry Price 1989

Authors and Affiliations

  • Terry Price

There are no affiliations available

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