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Reference C9013

Newsagent & Off Licence in Morden For Sale

Newsagent & Off Licence in Morden For Sale
Buy a Newsagent & Off Licence in Morden For Sale Sell a Newsagent & Off Licence in Morden For Sale Newsagent & Off Licence in Morden For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area, SURREY MORDEN

Turnover 6,500
Price 40,000

Features

Well Established News, Tobacco, Convenience Groceries, Full Free off Licence

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 500 sq. ft. sales area with tiled floor, ceiling with lighting. Well equipped including 3.75m open cool display unit (used for soft drinks, beers, sandwiches etc), 2 upright double door glass fronted display fridges, ice cream deep freezer, glass topped chest display deep freezer, display gondola, modern shelving, counter, electronic cash register, CCTV system with 4 cameras, monitor plus recording.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover currently averages 6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 650 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards (we understand the lottery machine is rented at 50 per month). We understand the commission from the sale of on line national lottery tickets plus scratch cards at the present time is in the region of 45/50 p.w. In addition the business has Oyster which we understand provides a commission of approximately 50 p.w. We are further advised that the sales year ending 31st March, 2019 showed 220,646 with a gross profit of 54,127. Commission received of 5,392 providing an overall gross profit of 59,519.

Staff

At present operated by a husband & wife team & no staff are employed.
2 morning newsboys. Delivery charge 2 p.w.

Trading Hours

Monday - Friday inclusive - 6.15 a.m. - 9 p.m.
Saturday opening - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 1 p.m.

Outside

Paved yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years lease at a rental of 11,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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