Newsagent with Off Licence in North London For Sale

Situated in a parade, excellent trading position, NORTH LONDON

Turnover £ 13,750
Price £170,000

Features

Old Established Newsagent with Off Licence

DOUBLE FRONTED PREMISES in the region of 765 ft² WITH ELECTRIC SHUTTERS & CANOPY with vinyl floor, suspended ceiling with LED Panel lighting, sales counter, cigarette gantry, modern adjustable shelving, open cool display unit (5 metres), 2 x open cool display unit (3 metres), display freezer (glass fronted upright triple-door), walls Ice Cream Freezer, Haagen-Dazs ice cream freezer, CCTV system (12 cameras, 1 monitor).

Stock room with sink.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,000 - 14,500 p.w. with a Gross profit of 30 - 35% approx. Lucrative Wholesale newsbill £3,800 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £20 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by the 2 brother with 1 full time staff employed. with the assistance of 1 part time staff. 3 news rounds

DELIVERY CHARGE 3 news rounds, delivery charge £4 p.w.

Trading Hours

7 Day week
MONDAY - THURSDAY 6am - 10pm
FRIDAY & SATURDAY 6am - 11pm
SUNDAY 7am - 10pm

Outside

Rear garden with storage shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2015 with reviews every 5 years (next review 2030) at a current rent of £28,500 p.a.

Business Rates from April 2026 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 plus STOCK AT VALUATION (£60,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 85,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote