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Newsagent & Off Licence in South London For Sale

Newsagent & Off Licence in South London For Sale
Newsagent & Off Licence in South London For Sale Buy a Newsagent & Off Licence in South London For Sale Sell a Newsagent & Off Licence in South London For Sale Newsagent & Off Licence in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, sought after residential area, SW LONDON

Turnover 11,500
Price 125,000

Features

Well Fitted Quality Full Free off Licence, News, Confectionery, Tobacco, Convenience Groceries

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP with automatic door. Sales area in the region of 950 sq. ft. suspended ceiling with LED lighting, quality tiled floor. Well fitted including magazine display shelving, counter, 2 tills with touch screen scanning, 3 double door glass fronted display fridges (2 used for soft drinks, 1 used for dairy produce), 2-3.75m open cool display units (1 used for beers whilst the other is used for wines), 3-tier ice cream display deep freezer, photocopier (owned), greeting card display section including 2 revolving card stands. CCTV system with 12 cameras, 3 monitors plus recording.

Stockroom
Staff w.c. & wash hand basin

Large basement with storeroom plus office area

Turnover

WE ARE INFORMED the turnover averages 11,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 2,500 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 60 p.w. The business also has Oyster which we understand provides a commission of approximately 50 p.w. In addition the business has Hermes Parcel Service which we understand provides a further commission of approximately 120 p.w. The business also has Paypoint. We are further advised that the sales year ending 31st December, 2018 showed 491,343 with a gross profit of 105,670 (including commission received plus newspaper delivery charges of 23,421).

Staff

The business is mainly staff operated. Staff employed 2 full time plus 1 part time staff. 7 local newsrounds. Delivery charge 40p per day
It will be appreciated upon inspect that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 6 a.m. - 8 p.m.

Tenure

We understand the premises are held on a secure renewable lease the present lease having approximately 8 years unexired at a rental of 25,500 p.a. exclusive of rates up to June, 2022 with rent to be agreed thereafter.

Uniform Business Rates: 7,200 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION (40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 62,500 (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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