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Reference C9146

Newsagent & Off Licence in South London For Sale

Newsagent & Off Licence in South London For Sale
Newsagent & Off Licence in South London For Sale Buy a Newsagent & Off Licence in South London For Sale Sell a Newsagent & Off Licence in South London For Sale

Register to see map and to make an appointment Situated in a parade, residential area SW LONDON

Turnover 3,700
Price 39,500

Features

News, Confectionery, Tobacco Slight Convenience Groceries, Full Free off Licence

The busiess has been in same hands for the past 35 years & is now solely offered for sale due to retirement.

Forecourt with accessible lockers for parcel collection providing a commission of 1,000 p.a.

Electric shutters to DOUBLE FRONTED SALES SHOP. 400/450 sq. ft. 2.75m open cool display unit (used for soft drinks, beers plus milk), centre display gondola, 4 greeting card display stands (3 with drawers under), magazine display shelving, counter, electronic cash register etc.

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 3,700 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill 600 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards. We are further advised that the sales year ending 30th June, 2017 showed 147,224 plus commission received of 2,800 providing total sales of 150,024 with a gross profit of 38,214.

Staff

At present operated by a husband & wife team & no staff are employed. 1 small local newsround is undertaken by the vendor. Delivery charge 2.50 p.w.

Trading Hours

Monday - Friday inclusive - 6.30 a.m. - 6 p.m.
Saturday opening - 7 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 12.30 p.m.

Tenure

The present owners lease expires in June, 2020 and they are paying a rental of 6,750 p.a. exclusive of rates. We understand that subject to satisfactory references, the landlords are prepared to consider granting a new 12 years full repairing and insuring lease at an initial rental of approximately 6,750 p.a. exclusive of rates with rent revisions.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 35 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 39,500 plus STOCK AT VALUATION (12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 19,750 (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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