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Reference C8825

Newsagent in Hornsey For Sale

Newsagent in Hornsey For Sale
Buy a Newsagent in Hornsey For Sale Sell a Newsagent in Hornsey For Sale Newsagent in Hornsey For Sale for Sale

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

Turnover 9,000
Price 99,500

Features

Well Established Counter News, Confectionery, Tobacco, Greeting Cards, Stationery

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 800 sq. ft. sales area with tiled floor, fluorescent lighting & well equipped including counter, 2 electronic cash registers, magazine display shelving, modern shelving, centre display gondolas, large open cool display unit, ice cream deep freezer (owned), 5 greeting card display stands with drawers under etc.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 9,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours & indeed with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary premises & personal licence. Wholesale newsbill 1,800 p.w. We are advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets & scratch cards & we understand this provides a commission of approximately 300 p.w. The business also has Oyster which we understand provides a further commission of 250 p.w. The business also has Payzone.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 6.30 p.m.
Sunday opening - 8 a.m. - 2 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 36,000 p.a. exclusive of rates for the next 5 years with rent to be agreed thereafter.

Uniform Business Rates: 16,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 99,500 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 49,750 (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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