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Reference C9126

Newsagent & Sandwiches in Paddington For Sale

Register to see map and to make an appointment Situated in a tourist & commercial area WEST LONDON PADDINGTON

Turnover 5,500
Price 90,000

Features

Profitable Confectionery, Soft Drinks, Sandwiches (a1 Use)

SINGLE FRONTED SALES SHOP in the region of 350/400 sq. ft. with tiled floor, fluorescent lighting & fully equipped including counter, electronic cash register, 1-2.5m open cool display unit, cool display counter, 2 group coffee machine, coffee grinder etc.

Staff w.c. & wash hand basin

In addition there is a large basement

Turnover

WE ARE INFORMED the turnover averages 5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands & in our opinion there is potential for the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises Licence & Personal Licence & subject to the landlord agreeing to an off licence being introduced. We are advised the gross profit is in excess of 50%.

Staff

At present operated by a family member with 1 staff.

Trading Hours

6 a.m. - 10 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of 24,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 7,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 45,000 (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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