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Reference C8953

Newsagent and Off Licence in Croydon For Sale

Newsagent and Off Licence in Croydon For Sale
Buy a Newsagent and Off Licence in Croydon For Sale Sell a Newsagent and Off Licence in Croydon For Sale

Register to see map and to make an appointment Main road trading position, residential & commercial area with school nearby, SURREY CROYDON

Turnover 5,000
Price 55,000

Features

Well Established News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence Plus On Line National Lottery

The business has been in the same hands for the past 30 years & is solely offered for sale due to the vendors retirement.

Metal shutters to DOUBLE FRONTED SALES SHOP probably in the region of 450 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including counter, electronic cash register, centre display gondola, 2 double door glass fronted display fridges (1 used for soft drinks whilst the other is used for wines & beers), upright single door glass fronted display fridge (used for milk & dairy produce), 2 greeting card display stands, ice cream deep freezer.

Stockroom
Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is currently in the region of 5,000/5,500 p.w. in our opinion offering tremendous potential for further development in the right hands. Wholesale newsbill 450 p.w. Gross profit we are advised in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 50/60 p.w. The business also has Oyster which we understand provides a further commission of approximately 50/60 p.w.

Staff

At present operated by a husband & wife team & no staff are employed. 2 newsrounds. Delivery charge 1.50 p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 1 p.m.

Outside

Shared yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of 10,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

EPC RATING C (73)

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND IS NOW OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (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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