Newsagents For Sale

Business description

Double fronted with electric shutters, medium sized premises, air conditioned with hot air, patterned concrete floor, suspended ceiling with fluorescent lighting.

Fully equipped including: sales counter, electronic cash register, adjustable shelving, Ice cream freezer, upright double-door drinks fridges, greeting card display stand with drawers, revolving card display stand, etc.

* CCTV system including 4 cameras, 1 monitor and hard drive recorder.
* Stockroom.
* Staff toilet with w.c. and wash hand basin.

Property information

Lease terms:

We understand the premises are held on a secure renewable lease the present lease expiring in March, 2011 at a rental of £11,000 p.a. exclusive of rates.

Uniform Business Rates: £1,042 p.a. (after small business relief)

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

THE SELF CONTAINED ACCOMMODATION enterence via door to the rear of the shop to Flat with Electric Heaters, Single-glazed windows, comprises: 2 Bedrooms (1 double, 1 Single). Lounge. Dining Room. Fitted Kitchen. Bathroom with bath, w.c. and wash han

Location:

Situated in a Parade, main road trading position, residential and commercial area, LONDON

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,500 p.w. offering further potential to increase, especially with additional opening hours and the introduction of the sale of groceries, wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £1,000 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £90 p.w. The business is also agents for the sale of bus passes and we understand that this provides an additional commission of between £230/£240 p.w.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £90,000 Plus Stock At Valuation (£20,000 Approx). Substantial Loan To An Approved Applicant.

Trading hours:

Monday & Tuesday - 5.30 a.m. - 7 p.m.
Wednesday - 5.30 a.m. - 7.30 p.m.
Thursday & Friday - 5.30 a.m. - 7 p.m.
Saturday - 5.30 a.m. - 7.30 p.m.
Sunday opening - 6 a.m.- 2 p.m.

Financing available:

Substantial Loan To An Approved Applicant.