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Reference C9170

Newsagent and Convenience Store in South London for sale

Newsagent and Convenience Store in South London for sale
Newsagent and Convenience Store in South London for sale Buy a Newsagent and Convenience Store in South London Sell a Newsagent and Convenience Store in South London

Location
Situated in a parade, excellent main road trading position, SE LONDON

Features
Well Established Mainly Counter News, Confectionery, Tobacco Slight Convenience Groceries, On Line National Lottery

The business has been in the same hands for the past 20 years & there are genuine reasons for sale.

Electrict shutters to DOUBLE FRONTED SALES SHOP probably in the region of 400 sq. ft. sales area with tiled floor, fluorescent lighting, counter, electric cash register, magazine display shelving, greeting card display, shelving, 2 upright double door glass fronted display fridges (1 owned & 1 on loan from Coca Cola).

In our opinion, which will be appreciated upon inspecton, the shop would benefit from some refitting.

Basement with stockroom
Staff w.c. & wash hand basin

Turnover
WE ARE INFORMED the turnover is currently in the region of 6,500/7,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence, if desired. In our opinion the business also has terrific potential for additional opening hours. Wholesale newsbill 1,050 p.w. We are further advised that the sales year ending 31st May, 2018 showed sales of 251,736 with a total gross profit of 70,164 (including bus passes commission of 30,292, lottery commisson of 17,453, E-Pay commission of 161 & an agency parcel commission of 1,353).

Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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