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Reference C7941

Newsagent and Off Licence in South Tottenham For Sale

Newsagent and Off Licence in South Tottenham For Sale
Buy a Newsagent and Off Licence in South Tottenham For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, LONDON, N SOUTH TOTTENHAM

Turnover 5,000
Price 31,000

Features

Well Equipped Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence, National Lottery, Oyster, Western Union

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 750 sq. ft. sales area with new woodstrip floor and fully equipped including 1-3.75m open cool display unit, 1-2.5m open cool display unit, counter, 1 electronic cash register, modern shelving, magazine display shelving, 6 greeting card display stands, ice cream deep freeze (owned) etc.

Small stockroom
Kitchenette
Staff w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 5,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 700 p.w. Gross profit we are informed in the region of 25%. The vendor enjoys greeting cards & stationery sales in the sum of 300 p.w. Oyster 200/250 p.w. commission. Advertisement 50 p.w. Lottery & scratch cards commission 300/350 p.w. Further commission (120 p.w.) from Amazon Lockers.

Staff

The business is at present a family run business plus 1 full time staff.

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 3 p.m.

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 27,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 8,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 31,000 plus STOCK AT VALUATION (20,000 approx. can be reduced).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 15,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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