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Reference M4799

Underground Station Kiosk in North London For Sale

Underground Station Kiosk in North London For Sale
Underground Station Kiosk in North London For Sale Buy a Underground Station Kiosk in North London For Sale Sell a Underground Station Kiosk in North London For Sale

Register to see map and to make an appointment Excellent trading position, entrance to underground station N LONDON

Turnover 3,500
Price 55,000

Features

Fully Equipped Kiosk Keycutting, Watch Battery Replacements, Watch Straps, News, Confectionery, Tobacco

FULLY EQUIPPED KIOSK approximately 8 sq. metres with laminated strip floor, upright double door glass fronted display fridge, 5 key cutting machines.

Shared toilet facilities

Turnover

WE ARE INFORMED the turnover averages 3,500 p.w. Wholesale newsbill 300 p.w. We are further advised that the sales year ending 31st March, 2017 showed 214,385.84 with a gross profit of 40,293. In addition the business receives commission in respect of Oyster of approximately 60 p.w. The business we understand had installed an on line national lottery machine in August, 2017 & in our opinion this should produce further income in respect of the sale of on line national lottery tickets plus scratch cards. We understand the keycutting side of the business was commenced approximately 3 years ago & we understand that the sales in respect of keycutting ending 31st December, 2017 showed 21,411. As will be appreciated the figures year ending 31st March, 2017 shows the keycutting turnover.

Staff

The business is at present operated by the vendor with the assistance of his wife on part time basis.

Trading Hours

Monday - Friday inclusive - 7.15 a.m. - 7.30 a.m.
Saturday opening - 8 a.m. - 7 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a lease form Transport for London, the present lease expiring in 2021 at a rental of 10,500 p.a. + VAT exclusive of rates up to December, 2018 with rent to be agreed thereafter.

Uniform Business Rates: 3,800 p.a. approx.

WE UNDERSTAND THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1996 AND THERE ARE GENUNE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (6,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (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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