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Reference C9191

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

Register to see map and to make an appointment Situated in a parade, main road trading position, EAST LONDON

Turnover 4,500
Price 49,500

Features

Counter News, Confectionery, Tobacco, Greeting Cards, Stationery

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 400 sq. ft. sales area, suspended ceiling with concealed lighting. Well equipped including modern shelving, counter, touchscreen till, ice cream deep freezer, 2 double door glass fronted display fridges (on loan), 1 Monster Energy glass fronted fridge (on loan), magazine display shelving etc.

Staff w.c. & wash hand basin

Cellar used for storage purposes

Turnover

WE ARE INFORMED the turnover averages 4,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 600 p.w. In our opinion there is also potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence.

Staff

The business is at present operated by 2 partners

Trading Hours

Monday - Friday inclusive - 6.30 a.m. - 8 p.m.
Saturday opening - 7 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 5 p.m.

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 14,000 p.a. exclusive of rates for the next 2 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 10 YEARS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 49,500 plus STOCK AT VALUATION (12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,750 (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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