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Newsagent and Post Office Local in South London for sale

Newsagent and Post Office Local in South London for sale
Newsagent and Post Office Local in South London for sale Buy a Newsagent and Post Office Local in South London Sell a Newsagent and Post Office Local in South London Newsagent and Post Office Local in South London for Sale Newsagent and Post Office Local in South London for Sale

Location
Situated in a parade, expanding, sought after residential area, SURREY

Features
Profitable News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Slight Convenience Groceries, On Line National Lottery Plus Post office Local

No parking problems. Car Park for 20/25 cars for the parade.

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,000 sq. ft. sales area with vinyl non-slip floor, suspended ceiling with LED lighting. The equipment includes counter, electronic cash register, post office combination counter, modern shelving, 7 greeting card display stands (6 with drawers under plus 1 with wrapping paper section), open cool display unit, ice cream deep freezer etc.

Stockroom plus secure store
Staff cloakroom with w.c. and wash hand basin

Turnover
WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,650 p.w. Post office income in the region of 27,000 p.a. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Oyster which we understand provides a further commission of approximately 50 p.w. We are further advised that the sales year ending 31st August, 2017 showed sales of 339,966 with a gross profit of 57,176 plus lottery commission of 7,800 p.a. & post office local commission of 24,709 providing a total gross profit of 93,510 (including post office income, lottery & oyster commission).

Accommodation
Accommodation in the form of a SPACIOUS MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental incom of 1,425 per month, however we understand that vacant possession can be given, subject to 3 months notice, to the existing tenants. The SPACIOUS accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Price
TO INCLUE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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