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Reference C8820

Newsagent and Off Licence in Leicester Square For Sale

Register to see map and to make an appointment Excellent trading position, not far from Underground Station, LONDON, WC LEICESTER SQUARE

Turnover 5,500
Price 70,000

Features

News, Confectionery, Tobacco, Full Free off Licence

COMPACT SALES SHOP in the region of 12' x 17' with tiled floor. The equipment includes counter, electronic cash register, 2 upright double door glass fronted display fridges (both on loan from Coca Cola), open cool display unit, modern shelving etc.

Shared toilet facilities

Turnover

WE ARE INFORMED the turnover averages 5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 35%.

Staff

The business is mainly staff operated. 2 part time staff employed.

Trading Hours

Operated on a 6 day week basis Monday - Saturday inclusive - 7 a.m. - 6.30 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of 27,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 12,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION (6,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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