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Reference C8742

Newsagent and Off Licence in Muswell Hill For Sale

Newsagent and Off Licence in Muswell Hill For Sale
Buy a Newsagent and Off Licence in Muswell Hill For Sale Sell a Newsagent and Off Licence in Muswell Hill For Sale

Register to see map and to make an appointment Situated in a parade, busy road, N LONDON MUSWELL HILL

Turnover 7,000
Price 39,000

Features

Well Fitted Counter News, Confectionery, Tobacco Slight Convenience Groceries, Full Free off Licence Plus On Line National Lottery

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 650 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting & well fitted including counter, 2 large open cool display units, modern adjustable shelving, 2 greeting card stands with drawers under, ice cream deep freezer, chest display deep freezer, centre display gondola etc.

Stockroom

Shower room with shower, w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is currently in the region of 7,000 p.w. We are further advised that the gross profit is in the region of 23%. We understand the business enjoys excellent wine sales. Wholesale news bill 500 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards. The business also has Oyster.

Staff

The business is at present operated by 1 of the partners with the assistance of 1 full time staff.

Trading Hours

6.30 a.m. - 8.30 p.m. seven days per week

Tenure

We understand the present tenant is paying an annual rental of 15,000 p.a. exclusive of rates. We further understand that subject to satisfactory references, the landlord is prepared to grant, to an approved applicant, a new 12 years lease at a rent of 15,000 p.a with rent reviews every 3 years. (As will be appreciated the transfer of the lease is subject to references being approved by the landlord and we further understand the landlord will REQUIRE A 9 MONTH RENT DEPOSIT).

The Purchaser will be responsible for the Landlord's costs.

Uniform Business Rates: 2,590 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 39,000 plus STOCK AT VALUATION (can be reduced to approximately 40,000).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 19,500 (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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