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Reference C9163

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

Register to see map and to make an appointment Situated in a parade of shops, busy road, residential area, EAST LONDON

Turnover 10,000
Price 120,000

Features

Well Established Counter News, Confectionery, Tobacco, Greeting Cards, Magazines, Convenience Groceries

DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, fluorescent lighting. The equipment includes counter, 2 electronic cash registers with scanning, ice cream deep freezer, slush machine, 1 open cool display unit, greeting card display etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 10,000 p.w. in our opinion offering further potential to increase in the right hands & with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence.

Staff

The business is at present operated by the owner with the assistance of 2 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 10 p.m.
Sunday opening - 6.30 a.m. - 9 p.m.
We are advised the business is licensed to be open until 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of 10,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION (approximately 20,000 at cost)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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