Counter Newsagents For Sale

Business description

DOUBLE FRONTED MEDIUM SIZED SALES SHOP with fluorescent lighting. The equipment includes counter, electronic cash register, 3 upright double door drinks display fridges (on loan), ice cream deep freeze (owned), shelving, photocopier, fax machine etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Lease terms:

We understand the premises are held on a secure renewable lease having approximately 10 years unexpired at a rental of £12,500 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.

Uniform Business Rates: £3,600 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent trading position, LONDON, N

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,000/£5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 22% approx.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £62,500 Plus Stock At Valuation (£15,000 Approx). Substantial Loan To An Approved Applicant

Trading hours:

6 a.m. - 6 p.m. seven days per week

Financing available:

Substantial Loan To An Approved Applicant.