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Reference C8551

Newsagent for sale in Victoria

Newsagent for sale in Victoria
Buy a Newsagent in Victoria

Location

Situated in a parade of shops, excellent trading position, densely populated residential & commercial area, SW LONDON

Features

Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Souvenirs

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area, fluorescent lighting, air conditioning/heating unit. The equipment includes counter, electronic cash register, 12 greeting card display stands with drawers under, cigarette gantry (on loan), slats to walls, shelving, upright double door glass fronted display fridge (on loan from Coca Cola), photocopier (on loan), ice cream deep freezer. CCTV system with 8 cameras, monitor plus recording.

In our opinion, as will be appreciated upon inspection, the shop could well benefit from being refitted

Stairs to basement with INTERNET CAFÉ providing a further income of approximately £100 per month.

In addition in the basement is a stockroom/office, kitchen, staff w.c.

Turnover

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. We are further advised that the gross profit is in the region of 25%. In addition the business has on line national lottery which we understand provides a commission of approximately £140 p.w. In addition the business has Oyster which we understand provides a further commission of approximately £130 p.w.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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