Established News Confectionery Tobacco Greeting Cards Off Licence For Sale

Business description

This well established business has been in the same hands for the past 7 years and there are genuine reasons for sale.

SINGLE FRONTED MEDIUM SIZED SALES SHOP probably in the region of 300 sq. ft. sales area with tiled floor, fluorescent lighting and fully equipped including counter, electronic cash register, computer system for news deliveries, ice cream deep freeze, upright sliding double door glass fronted display fridge, 2 additional double door glass fronted fridges, magazine display shelving, additional modern shelving etc.

Rear room used for marking up of newspapers

Staff cloakroom with w.c. and wash hand basin

Stairs to large basement used for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 15 years from the 29th September, 2004 at a current rental of £14,000 p.a. exclusive of rates up to the 29th September, 2014, with rent to be agreed thereafter.

Uniform Business Rates: £4,560 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

EPC Grade G (151)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

Sought after position, close to the Edgware Road, LONDON W

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages in the region of £6,500 p.w. in our opinion offering tremendous potential for further increase. It should be noted that the sale of wines, beers and spirits commenced in February, 2011 and in our opinion there is potential for this to be further developed, especially with additional opening hours. Wholesale newsbill £2,500 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further revenue currently of approximately £200 p.w. The business also has Oyster which we understand provides a further revenue of approximately £30/£40 p.w. In addition the business has Paypoint. We are further advised that the draft accounts year ending 31st March, 2011 showed sales of £334,892 with a gross profit of £81,676.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION (£15,000 approx. plus news accounts in the region of £12,000). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 7 a.m. - 7.30 p.m.
Saturday opening - 8 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 2 p.m.

Employees:

The business is at present operated by a husband and wife team with the assistance of 1 part time staff. 5 morning newsboys employed. Delivery charge £2.50 p.w.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance