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Newsagent and Off Licence in South London For Sale

Newsagent and Off Licence in South London For Sale
Newsagent and Off Licence in South London For Sale Buy a Newsagent and Off Licence in South London For Sale Sell a Newsagent and Off Licence in South London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential area, opposite Underground Station, with college nearby, SW LONDON

Turnover 8,000
Price 40,000

Features

Profitable Full Free off Licence, Counter News, Confectionery, Tobacco, Convenience Groceries

Electric shutters to ATTRACTIVE SALES SHOP probably in the region of 400 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Fully equipped including counter, till with EPOS scanning system, 3-tier ice cream deep freezer, 2-2.5m open cool display units (1 used for wines & beers whilst the other is mainly used for soft drinks), 1 revolving card stand (on loan), modern shelving, 6 cameras, monitor plus recording etc.

Kitchenette
Staff w.c.
Stockroom with racking

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. We understand the business enjoys good sales in respect of wines, beers & spirits. Wholesale newsbill 400 p.w. We are further advised that the gross profit is in the region of 22%. The business is also 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.

Staff

At present mainly staff operated 2 full time staff employed.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 7.30 a.m. - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 14 years unexpired at a rental of 16,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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