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Reference C8723

Newsagent in Clapham Junction For Sale

Newsagent in Clapham Junction For Sale
Buy a Newsagent in Clapham Junction For Sale Sell a Newsagent in Clapham Junction For Sale

Register to see map and to make an appointment Situated end of parade, busy road, densely populated residential & commercial area, SW LONDON CLAPHAM JUNCTION

Turnover 5,500
Price 53,000

Features

Counter News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries

SPACIOUS SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, 3.75m open cool display unit, double door glass fronted display fridge (on loan), 3-tier ice cream deep freezer, 5 greeting card display stands. CCTV system

Small stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 180 p.w. We are advised the gross profit is in the region of 25%.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 6 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of 24,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 9,600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 53,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 26,500 (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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