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Profitable Newsagent and Off Licence in North London For Sale

Profitable Newsagent and Off Licence in North London For Sale
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Register to see map and to make an appointment Situated in a parade, excellent main road trading position, densely populated residential & commercial area, LONDON

Turnover 9,000
Price 90,000

Features

Profitable well Fitted Self Service Convenience Store, Confectionery, Tobacco, Full Free off Licence, Toys 24 Hour Licence

Front area used for display

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800/900 sq. ft. with quality tiled floor, suspended ceiling with concealed lighting. Fully equipped including counter, electronic cash register, electronic scales, ice cream deep freeze, upright double door glass fronted drinks display fridge (owned & used for wine), 3 fridges, 1 upright glass fronted ice cream deep freeze, additional glass fronted chest deep freezer (used for storage), 5m open cool display unit (used for beers, soft drinks, juices), 1-2.5m open cool display unit (used for milk & dairy), upright glass fronted display fridge, centre display gondola. CCTV system with 8 cameras, 1 monitor plus recording.

Storage area with chest deep freezer
Kitchen
Staff w.c.

Stairs to large basement - ideal for storage purposes

Turnover

WE ARE INFORMED the turnover averages 9,000/10,000 p.w. in our opinion offering further potential to increase in the right hands. The business has an ATM machine which we understand provides a commission of 100 p.w.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 full time staff.

Trading Hours

Sunday - Thursday inclusive - 7 a.m. - 12 midnight
Friday & Saturday - 7 a.m. - 2 a.m.

Tenure

We understand the premises are held on a secure renewable lease, having 9 years to run at a rental of 23,500 p.a. exclusive of rates, with a rent review in 2023 and thereafter every 4 years.

Uniform Business Rates: 6,000 p.a. approx.

MUST BE SEEN TO BE FULLY APPRECIATED

THE BUSINESS IS OFFERED FOR SALE DUE TO ILL HEALTH

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION (35,000/40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 45,000 (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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