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Reference C8837

Newsagent with Off Licence for sale in Central London

Newsagent with Off Licence for sale in Central London
Newsagent with Off Licence for sale in Central London Buy a Newsagent with Off Licence in Central London Sell a Newsagent with Off Licence in Central London Newsagent with Off Licence in Central London for Sale Newsagent with Off Licence in Central London for Sale

Location

Situated in a parade, busy road, close to an Embassy, SW LONDON

Features

Well Established Mainly Counter News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, Full Free off Licence

The business has been in the same hands for the past 13 years and in our opinion the business offers tremendous potential for further development in the right hands.

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 450 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, shelving, slats to walls, 1 greeting card display stand with drawers under, 1 smaller greeting card display stand with 1 drawer, 2 ice cream deep freezers, upright double door glass fronted display fridge, 1-3.75m open cool display unit (used for soft drinks, water, milk, sandwiches & dairy produce), hot drinks machine (on lease), cigarette gantry etc.

Small storage area

Stairs to large basement - ideal for storage

Staff w.c. sink

Turnover

WE ARE INFORMED the turnover averages in the region of 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 550 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 130 p.w. The business also has Oyster which we understand provides a commission of 130 p.w. The business also operates a DPD parcel service which we understand provides a further commission of 30/40 p.w. The business also has E-Pay plus an internal ATM machine which we understand provides a further revenue of approximately 125 per month. We are further advised that the sales year ending 31st March, 2016 showed 256,479 with an overall gross profit of 61,476 (including commission received of 13,785).

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 75,000 plus STOCK AT VALUATION (10,000/12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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