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Reference C8837

Newsagent with Off Licence in Central London For Sale

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

Register to see map and to make an appointment Situated in a parade, busy road, close to an Embassy, SW LONDON

Turnover 6,000
Price 60,000

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).

Staff

The business is at present operated by the vendor on a full time basis with the assistance of his wife on a part time basis plus 1 part time staff employed. 1 morning news delivery to a local office providing sales of approximately 260 per month in respect of papers.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 12 noon only

Tenure

We understand the premises are held on a secure renewable lease from a Property Company, the present lease expiring on the 24th June, 2019 at a rental of 19,000 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: 11,000 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND IN OUR OPINION OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 60,000 plus STOCK AT VALUATION (10,000/12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 30,000 (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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