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Newsagent and Off Licence in South London For Sale

Newsagent and Off Licence in South London For Sale
Newsagent and Off Licence in South London For Sale Buy a Newsagent and Off Licence in South London For Sale Sell a Newsagent and Off Licence in South London For Sale Newsagent and Off Licence in South London For Sale for Sale Newsagent and Off Licence in South London For Sale for Sale Newsagent and Off Licence in South London For Sale for Sale Newsagent and Off Licence in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SE LONDON

Turnover 4,500
Price 58,000

Features

Well Established News, Confectionery, Tobacco, Slight Convenience Groceries, Full Free off Licence Plus On Line National Lottery

Sales area in the region of 500 sq. ft. with wood effect floor. We understand the shop was refitted in November, 2016. The equipment includes counter, till with scanning system, 2 open cool display units, modern adjustable shelving, small ice cream deep freezer etc.

Large stockroom
Kitchen area
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 4,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 800 p.w. The busines is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 100 p.w. The business also has Oyster which we understand provides a commission also of approximately 100 p.w. There is an external ATM machine which we undertand provides a commission of approximately 50 p.w.

Staff

At present operated by a husband & wife team with the assistance of 1 full time staff

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 9 p.m.
Sunday opening - 7.30 a .m. - 5 p.m.

Outside

Enclosed yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of 12,000 p.a. exclusive of rates for the next 1 year with rent to be agreed thereafter.

Uniform Business Rates: 600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 58,000 plus STOCK AT VALUATION (20,000/25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,000 (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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