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Reference C8720

Newsagent and Off Licence for sale in Wimbledon

Newsagent and Off Licence for sale in Wimbledon
Buy a Newsagent and Off Licence in Wimbledon Sell a Newsagent and Off Licence in Wimbledon

Location

Situated in a parade, excellent main road trading position, residential area with schools nearby, LONDON, SW

Features

Well Fitted Old Established News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

The business has been in the sale hands for approximately 36 years & there are genuine reasons for sale.

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 600/650 sq. ft. sales area. We understand the shop was refitted approximately 4 years ago. Vinyl floor, suspended ceiling with concealed lighting. The equipment includes 5 greeting card display stands with drawers under plus additional card display section, centre display gondola, coffee machine, counter, computerised touch screen till (maintenance agreement), ice cream deep freezer, Arneg 3.75m open cool display unit (used for soft drinks & beers) etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,400 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 80/100 p.w. The business also has bus passes which we understand provides a commission of approximately 170 p.w. In addition there is Payzone. We are further advised that the trading & profit & loss accounts for the year ending 31st October, 2015 showed sales of 269,763 with a gross profit of 76,501 plus commission & bonus received of 17,902 providing a total gross profit year ending October, 2015 of 94,403.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION (20,000/25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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