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Reference C8551

Newsagent in Victoria For Sale

Newsagent in Victoria For Sale
Buy a Newsagent in Victoria For Sale

Register to see map and to make an appointment Situated in a parade of shops, excellent trading position, densely populated residential & commercial area, SW LONDON VICTORIA

Turnover £ 8,000
Price £125,000

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.

Staff

At present operated by the vendor with the assistance of 2 staff.

Trading Hours

6.30 a.m. - 9 p.m Monday to Saturday
7:30 a.m. - 9 p.m Sunday

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £28,500 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £12,500 p.a. approx.

EPC Rating D (76)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

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

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (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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