« Search more Newsagents for sale in South London
Reference C9068

Newsagent & Off Licence in South London For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, not far from Elephant & Castle, SOUTH EAST LONDON

Turnover £ 6,000
Price £85,000

Features

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

SPACIOUS DOUBLE FRONTED SALES SHOP approximately 18' wide x 40' depth with tiled floor, suspended ceiling with concealed lighting. The equipment includes centre display gondola, upright single door Háágen Dazs ice cream deep freezer, Monster Energy glass fronted fridge, newspaper display racking, magazine display section, upright double door glass fronted display fridge (on loan from Coca Cola), 1m open cool display unit, 1-3.75m open cool display unit, modern shelving, counter, 2 electronic cash registers etc.

Rear stockroom

There is a small area to the front of the shop let & providing a rental income of £120 p.w.

Turnover

WE ARE INFORMED the turnover is in the region of £6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £200 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission in the region of £130 p.w. The business also has Oyster which we understand provides a further commission of approximately £140 p.w. Mobile top-up cards are also sold.

Staff

At present operated by a lady vendor with the assistance of her family plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening- 7 a.m. - 6.30 p.m.

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 2 years unexpired at a rental of £24,000 p.a. exclusive of rates.

Uniform Business Rates: £8,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£30,000/£35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (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 South London

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