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Reference C8441

Newsagent and Off Licence in Upper Edmonton For Sale

Register to see map and to make an appointment Main road trading position, densely populated residential & commercial area, NORTH LONDON UPPER EDMONTON

Turnover 4,750
Price 43,000

Features

Well Fitted Counter News, Confectionery, Tobacco Slight Convenience Groceries, Full Free off Licence

SINGLE FRONTED SALES SHOP in the region of 600 sq. ft. sales area, fluorescent lighting. Well equipped including counter, till with EPOS scanning system, ice cream deep freezer, 3.5m open cool display unit (used for wines, beers plus soft drinks), modern adjustable shelving etc.

Stockroom
Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 4,750 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line natinal lottery tickets plus scratch cards & we understand this provides a commission of approximately 250 p.w. The business also has Oyster which we understand provides a further commission of approximately 150 p.w.

Staff

At present mainly staff operated. Staff employed 1 full time & 1 part time staff. It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

7 a.m. - 9 p.m. seven days per week

Outside

Small yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 2 years from February 2017 unexpired at a rental of 11,000 p.a. exclusive of rates for the next 2 year, with rent to be agreed thereafter.

Uniform Business Rates: 3,250 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 43,000 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 21,500 (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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