Search more Newsagents for sale in East London
Reference C8946

Newsagent and Off Licence in East London For Sale

Newsagent and Off Licence in East London For Sale
Newsagent and Off Licence in East London For Sale Buy a Newsagent and Off Licence in East London For Sale

Register to see map and to make an appointment Situated in a parade, busy road, opposite bus stop, residential area E LONDON

Turnover 4,750
Price 39,995

Features

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

DOUBLE FRONTED SALES SHOP probably in the region of 500 sq. ft. sales area with fluorescent lighting. The equipment includes counter, electric cash register, 2 glass topped chest display deep freezers, 1 open cool display unit, double door glass fronted display fridge, shelving etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 4,750 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 22%. The business also has Oyster which we understand provides a commission of approximately 70 p.w.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time staff.

Trading Hours

Monday - Friday inclusive - 6 a.m. - 9 .30 p.m.
Saturday opening - 7 a.m. - 9 p.m.
Sunday opening - 7.30 a.m. - 7 p.m.

Outside

Yard at rear with parking for 2 cars

Tenure

We understand the premises are held on a secure renewable lease the present lease having approximately 13 years unexpired at a rental of 13,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 3 years.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 39,995 plus STOCK AT VALUATION (20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 19,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Newsagents for sale in East London

Buy a Newsagent and Off Licence in East London For Sale on NationwideBusinesses.co.uk