Counter Newsagent with Off Licence in South London For Sale

Situated in a small parade, excellent trading position, residential area, SW LONDON

Turnover £ 7,500
Price 399,500

Features

Long Leasehold Counter Newsagents with off Licence and Grocery

DOUBLE FRONTED PREMISES in the region of 420 ft² WITH SHUTTERS, tiled floor, suspended ceiling with LED panel lights, sales counter, cigarette gantry, EPOS till, modern adjustable shelving, open cool display unit, walls Ice Cream Freezer, drinks display fridge (glass fronted upright), CCTV system (9 cameras, 1 monitor), etc.

Stock room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. with a Gross profit of 22% approx. Wholesale newsbill £200 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £150 per week approx.
Pastel Services £350 per month approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by the vendor

Trading Hours

7 Day week
MONDAY - WEDNESDAY 8am - 9pm
THURSDAY - SATURDAY 8am - 10pm
SUNDAY 8am - 8pm

Outside

Rear yard

Tenure

Long Leasehold of 125 years from 2012, with no rent payable

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £399,500 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 279,650 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote