Search more Newsagents for sale in North London
Reference C8974

Newsagent & Off Licence in North London For Sale

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

Turnover 8,000
Price 70,000

Features

Profitable News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

SPACIOUS SINGLE FRONTED SALES SHOP with lino floor, suspended ceiling with LED concealed lighting. The equipment includes 1 single door glass fronted display fridge (on loan from Coca Cola), 1 single door glass fronted display fridge (on loan from Lucozade), 1 single door glass fronted display fridge (owned), shelving, 1 electronic cash register, 1 additional cash register with scanning, card display section etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering further potential to increase in the right hands & especially with additional opening hours. We understand the full free off licence was only granted approximately 6 months ago, in our opinion there is terrific potential for additional sales of wines, beers & spirits. Wholesale newsbill 2,800 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 100 p.w. The business also has Oyster which we understand provides a further commission of approximately 50 p.w. The business also has Payzone.

Staff

The business is at present operated by the vendor on a part time basis with the assistance of his wife on a full time basis plus 1 part time staff. 7 newsrounds. Delivery charge 4/6 p.w.

Trading Hours

Monday - 5 a.m. - 6.45 p.m.
Tuesday - & Wednesday - 5 a.m. - 7.30 p.m.
Thursday - 5 a.m. - 6.45 p.m.
Friday & Saturday - 5 a.m. - 7.30 p.m.
Sunday opening - 5 a.m. - 1.30 p.m.

Outside

Rear access

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a current rental of 15,000 p.a. exclusive of rates. We understand the rent reviews are every 4 years. We further understand that the present tenant is only anticipating a small increase in the rent at this rent revision.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTUERS & FITTINGS 70,000 plus STOCK AT VALUATION (15,000/20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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 North London

Buy a Newsagent & Off Licence in North London For Sale on NationwideBusinesses.co.uk