Excellent Central Location Newsagents In The West End For Sale

Business description

LOCATION: In a very central location close to Oxford Street and many hotels.

DESCRIPTION: To the front is a modern glass frontage with security shutters. Internally there is vinyl flooring and a suspended ceiling. At the rear is a storage area, toilet and kitchenette.

EQUIPMENT: Various steel shelving, copier, ice cream freezer, dairy fridge, drinks fridge and, digital till. Security includes a CCTV system and alarm.

BUSINESS: The shop has been established for 18 years. Shop takings are £10,000 p.w. including bus pass sales and paypoint. There are plans to introduce a lottery machine. The shop is run by 2 employees earning £450 pw.

HOURS: 6.30am-7pm Mon-Fri, 6.30-3pm Sat-Sun

ACCOMM: There is no residential accommodation.

TENURE: Lease commenced in 1999 for a term of 14 years and the current rent is £15,000+vat per annum with reviews.

RATES: Business rates payable are approx £6,000

Property information

Property:

Leasehold

Lease terms:

TENURE: Lease commenced in 1999 for a term of 14 years and the current rent is £15,000+vat per annum with reviews.

Leasehold rent:

£15,000 per annum

Business Operation

Trading hours:

HOURS: 6.30am-7pm Mon-Fri, 6.30-3pm Sat-Sun

Employees:

The business employs two full time staff members

Years established:

18 yrs

Other information

Support & training:

Full handover support and training included in asking price.

Inventory / Stock value:

£25,000

Related documents:

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• Compulsory Registration Form to Return Please