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Newsagent and Post Office Local in South London For Sale

Newsagent and Post Office Local in South London For Sale
Newsagent and Post Office Local in South London For Sale Buy a Newsagent and Post Office Local in South London For Sale Sell a Newsagent and Post Office Local in South London For Sale Newsagent and Post Office Local in South London For Sale for Sale Newsagent and Post Office Local in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, expanding, sought after residential area, SURREY

Turnover 7,500
Post Office 27,000
Price 135,000

Features

Profitable News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Slight Convenience Groceries, On Line National Lottery Plus Post office Local

No parking problems. Car Park for 20/25 cars for the parade.

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,000 sq. ft. sales area with vinyl non-slip floor, suspended ceiling with LED lighting. The equipment includes counter, electronic cash register, post office combination counter, modern shelving, 7 greeting card display stands (6 with drawers under plus 1 with wrapping paper section), open cool display unit, ice cream deep freezer etc.

Stockroom plus secure store
Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,650 p.w. Post office income in the region of 27,000 p.a. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Oyster which we understand provides a further commission of approximately 50 p.w. We are further advised that the sales year ending 31st August, 2017 showed sales of 339,966 with a gross profit of 57,176 plus lottery commission of 7,800 p.a. & post office local commission of 24,709 providing a total gross profit of 93,510 (including post office income, lottery & oyster commission).

Staff

At present operated by a husband & wife team. In addition 5 newsboys employed. Delivery charge 1.20/1.30 p.w.

Trading Hours

Monday & Tuesday - 6 a.m. - 7 p.m.
Wednesday - 6 a.m. - 7.30 p.m.
Thursday - 6 a.m. - 7 p.m.
Friday & Saturday - 6 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 1 p.m.

Accommodation

Accommodation in the form of a SPACIOUS MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental incom of 1,425 per month, however we understand that vacant possession can be given, subject to 3 months notice, to the existing tenants. The SPACIOUS accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Outside

Service area at rear of parade

Tenure

We understand the premises entire premises are held on a secure renewable lease for a period of 10 years from the 24th March, 2016 at a rental of 28,000 p.a. exclusive of rates up to March, 2021 with rent to be agreed thereafter. (As will be appreciated with the current rental income of 17,100 p.a. at the present time from the accommodation over, the net rental payable at the present time is 10,900 p.a).

EPC rating E (114)

Uniform Business Rates: 4,100 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 67,500 (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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