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Reference C9165

Newsagent in Hornsey For Sale

Newsagent in Hornsey For Sale
Buy a Newsagent in Hornsey For Sale Sell a Newsagent in Hornsey For Sale Newsagent in Hornsey For Sale for Sale Newsagent in Hornsey For Sale for Sale Newsagent in Hornsey For Sale for Sale Newsagent in Hornsey For Sale for Sale Newsagent in Hornsey For Sale for Sale Newsagent in Hornsey For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area NORTH LONDON HORNSEY

Turnover 3,000
Price 35,000

Features

Well Established News, Confectionery, Tobacco Slight Convenience Groceries

MEDIUM SIZED SALES SHOP with tiled floor, flourescent lighting. The equipment includes open cool display unit (on loan from Coca Cola), double door glass fronted drinks fridge (owned), slimline glass fronted fridge (on loan from Red Bull), modern shelving, counter, electric cash register etc.

Stockroom

It will be appreciated upon inspection that there is potential to extend the shop into the stockroom at rear, subject to the landlords permission.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. In our opinion there is potential to introduce the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 900 p.w. Gross profit 18% 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 50 p.w. The business also has Oyster which we understand provides a further commission of approximately 80 p.w. The business also has Payzone.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

Monday - Friday inclusive - 6.30 a.m. - 6.30 p.m.
Saturday opening - 7 a.m. - 6 p.m.
Sunday opening - 7 a.m. 2 p.m.

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 7 years unexpired at a rental of 9,500 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION (7,000/8,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (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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