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Reference C8194

Newsagent in Bermondsey For Sale

Newsagent in Bermondsey For Sale
Buy a Newsagent in Bermondsey For Sale Sell a Newsagent in Bermondsey For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential & commercial area, SE LONDON BERMONDSEY

Turnover 3,000
Price 69,500

Features

Counter News, Confectionery, Tobacco Slight Convenience Groceries

SINGLE FRONTED MEDIUM SIZED SALES SHOP with anti-slip carpeted floor, suspended ceiling with concealed lighting. The equipment includes counter, electronic cash register, 2 double door glass fronted drinks display fridges (1 owned & 1 on loan from Coca Cola), 1 single door glass fronted drinks display fridge (owned), shelving etc.

Small stockrook
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 3,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Off Licence. Wholesale newsbill 400 p.w. Gross profit 20% approx. In addition the business has Oyster which we understand provides a commission of approximately 140 p.w.

Staff

The business is at present operated by a husband & wife team & no staff are employed.

Trading Hours

Winter Time
Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 6 p.m.

Summertime i.e. March - October
Weekdays 6 a.m. - 7 p.m.
Sunday - 7 a.m. - 6 p.m.

Accommodation

The accommodatiion in the form of a SELF CONTAINED FLAT, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Fully fitted kitchen

We understand that the 2 double bedrooms are currently let room by room & provide 150 p.w. each. We understand that vacant possession of the accommodation can be made if required.

Tenure

We understand the entire premises are held on a secure renewable lease from a private landlord, the present lease having approximately 11 years unexpired at 22,000 p.a. exclusive of rates. (We understand the landlord has stated to the present tenant that the rent will remain at 22,000 p.a. for the remaining period of 11 years of the lease). As will be appreciated with the current rental income from the 3 rooms being let over of 19,500 p.a. the net rental payable at the present time is only 2,500 p.a. exclusive of rates.

Uniform Business Rates: Nil payable at the present time after small business relief.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 69,500 plus STOCK AT VALUATION (6,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 34,750 (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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