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Reference C9141

Newsagent in East London For Sale

Newsagent in East London For Sale
Newsagent in East London For Sale Buy a Newsagent in East London For Sale Sell a Newsagent in East London For Sale Newsagent in East London For Sale for Sale Newsagent in East London For Sale for Sale Newsagent in East London For Sale for Sale Newsagent in East London For Sale for Sale Newsagent in East London For Sale for Sale Newsagent in East London For Sale for Sale

Register to see map and to make an appointment Adjacent to Station, busy position, EAST LONDON

Turnover 7,500
Price 160,000

Features

Detached Counter News, Confectionery, Tobacco, Convenience Groceries with off Licence Not Utilised At Present

* COMMISSION RECEIVED 57,000 p.a.

SINGLE FRONTED PREMISES with 2 entrances approximately 350 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, 1-3m open cool display unit, ice cream deep freezer, modern shelving etc.

Staff w.c. & wash hand basin

Basement for storage purposes

Turnover

WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering further potential to increase. We understand the present owners have obtained the Premises Licence for the sale of wines, beers & spirits, although no alcohol is sold at present, in our opinion there is terrific potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Personal Licence. Wholesale newsbill 800 p.w. Gross profit 25% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 300 p.w. The business also has Oyster which we understand provides a further revenue of approximately 800 p.w.

Staff

The business is at present operated by the vendor's father with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 10 a.m. - 3 p.m.

Tenure

We understand the premises are held on a secure lease from Network Rail, the present lease having approximately 2 years unexpired at a rental of 13,000 p.a. exclusive of rates, we are advised the lease has a 6 month break clause. We understand from the present tenant the lease is renewable every 3 years.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 160,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 80,000 (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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