Traditional long established Newsagent in Aldwych For Sale

Situated in a parade, theatre and office area, CENTRAL LONDON ALDWYCH

Turnover £ 6,750
Price £110,000

Features

Counter News, Confectionery, Tobacco with Lottery, Oyster and Vaping

SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS and AWNING approx 375 sq ft. Lino flooring, suspended ceiling with tube lighting. Sales counter, electronic cash register, 2 double door fridges, Walls' ice cream freezer, cigarette gantry, glass cabinet for vapes, adjustable shelving, display stands. CCTV

Basement used for storage.

Staff toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,750 p.w.. Wholesale newsbill £200 p.w. with a Gross profit of 30% approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £175 per week approx.
ATM £200 per week approx.

ALSO offers short term luggage storearage facility for tourists- commission iro £100 pw

Staff

The business is at present operated by 2 partners with the assistance of 1 part time staff. Delivery to 2 customers. Delivery charge £27.50 p.w.

Trading Hours

MONDAY - FRIDAY INCLUSIVE - 8.30 a.m. - 6 p.m
SATURDAY OPENING - 9 a.m. - 6 p.m.
NO SUNDAY OPENING

Outside

Parking space.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £31,500 p.a.

Business Rates from April 2022 £5,940 approx. (Please contact local authority to confirm)

THE BUINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 33 YEARS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote