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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 averages 7,000 p.w. 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.
The vendor advises us that they have been approached with the opportunity to open a POST OFFICE LOCAL at the premises.

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 premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 15,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 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).

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 (20,000 approx).
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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