Newsagent and Off Licence in North London For Sale

Situated in a parade, busy road, NORTH LONDON

Turnover £ 7,000
Price £120,000

Features

Counter Newsagent and Off Licence

DOUBLE FRONTED PREMISES in the region of 600 ft² WITH ELECTRIC SHUTTERS PLUS CANOPY, tiled floor, suspended ceiling with LED PANEL lights, sales counter, cash register, cigarette draw, open cool display unit (12 Ft), modern adjustable shelving, Coca-Cola fridge, ice freezer, etc.

Stock room
Additional Store room.
Staff Toilet with w.c. and wash hand basin.
Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 27.5% approx.Wholesale newsbill £200 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £150 per week approx.
PAY POINT £100 per week approx.
BUS PASSES £100 per week approx.

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 7pm
SUNDAY 10am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £14,700 p.a.

Business Rates from April 2026 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote