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Reference C9189

Newsagent in South London For Sale

Newsagent in South London For Sale
Newsagent in South London For Sale Buy a Newsagent in South London For Sale

Register to see map and to make an appointment Situated in a parade, close to river Thames, sought after residential area SE LONDON

Turnover 5,000
Price 40,000

Features

Modern Counter News, Confectionery, Tobacco, Convenience Groceries

FREE CAR PARKING IN FRONT OF PARADE

ATTRACTIVE SALES SHOP probably in the region of 400/500 sq. ft. sales area with non-slip floor, LED lighting. Air condioning/heating. The equipment includes counter, electronic cash register, modern shelving, 2.75m open cool display unit, ice cream deep freezer, double door glass fronted deep freezer etc.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w in our opinion offering further potential to increase in the right hands. Wholesale newsbill 370 p.w. Grossprofit 24% 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 110 p.w. The business also has Oyster which we understand provides a further commission of approximately 40 p.w. Recently introduced Parcel Service which we understand is currently providing a further revenue of 15/20 p.w. ATM machine providing a further revenue of approximately 250 per month.

Staff

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

Trading Hours

Monday - Friday inclusive - 7 a.m. - 7 p.m.
Saturday opening - 7 p.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 5 p.m.

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 10/15 years lease at an initial rental of 13,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (13,000/14,000 approx.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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