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Reference C8470

Newsagent and Off Licence in Lewisham For Sale

Newsagent and Off Licence in Lewisham For Sale
Buy a Newsagent and Off Licence in Lewisham For Sale Sell a Newsagent and Off Licence in Lewisham For Sale

Register to see map and to make an appointment Situated in a Parade, excellent High Street trading position, residential, office and commercial area, close to Station and Hospital, SE LONDON LEWISHAM

Turnover £ 8,500
Price £85,000

Features

News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence

• PRICE (LEASEHOLD) £85,000
• TURNOVER £8,500 p.w.

• GROSS PROFIT 20%
• COMMISSIONS £100 per month

SINGLE FRONTED PREMISES 487.ft² (45.24M²) WITH SHUTTERS, Air conditioning with hot air, sales counter, vinyl floor, 4 x open cool display unit, CCTV system (10 cameras, 2 monitor & harddisk recorder).

• Stock room. 151.7ft² (14.09M²)
• Kitchen
• Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 20% approx.. Wholesale newsbill £730 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 £50 p.w. The business also has Oyster which we understand provides a further commission of approximately £300 p.w. The business also has an ATM machine.

Staff

The business is at present operated by the vendor with 1 full time family member. 1 newsboys employed

Trading Hours

7 Day week (Monday - Saturday) 6am - 8.30pm
Sunday 6am - 2pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,800 per month

• 3 Bedrooms (3 double, 1 Single).
• Kitchen.
• Lounge.
• Bathroom with bath, w.c. and wash hand basin.

Outside

Yard Parking space for 2 car.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 16 years unexpired from 2003 at a current rental of £32,000 p.a. exclusive of rates with rent reviews every 4 years. (With the rental income at present from the flat of £21,600 the net rental payable at the present time is only £10,400 p.a).

SERIOUS BUYERS ONLY

Business Rates from April 2014 £3,000 payable (Please contact local council to confirm)

WE understand subject to reference the Landlord is happy to grant a new lease at terms to be agreed.

Price

£85,000 plus STOCK AT VALUATION (£25,000 APPROX.)
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (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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