A High Potential Must See Newsagent With Accommodation For Sale - South Norwood, United Kingdom

Asking price: £35,000

Sales revenue: £286,000

Net profit: £45,000

Fixtures value: £45,000

Inventory value: £7,000

Business description: Reason for sale: **Retirement** The shop is currently run by a husband and wife team. They have run the shop for 20 years and have a very loyal customer base. There is so much potential in doubling the profits by extra hours, off licence (which is approved), national lottery and energy! The current turn over for the business is £5,500 per week!!! (£1,200 oyster included) The shop: **Big Size And Lots Of Storage Inc. Basement** Single fronted Sales Shop, approx. 400 sq. ft. sales area, with tiled floor, suspended ceiling with fluorescent lighting and fully equipped including centre display gondola, cigarette gantry, Mars and Walls ice cream fridge, shelving, counter, electronic cash register, bus buses, oyster, Photocopy machine etc. The accommodation comprises of: **Very Spacious Bedrooms With High Ceilings, Off Street Parking And Garage!!** 3 bedrooms (2 double, 1 with wash hand basin, 1 single). Cloakroom with w.c. Separate ground floor bathroom. Large lounge. Kitchen with fitted units. The figures: **Low Price Due To Quick Sale** Secure lease, Goodwill, Fixture and fittings all inc: £35,000 ono Stock: £7,000 (approx). Rates: £2,600 p.a. approx. + water rates (metered). Rent: £12,500 per year The lease is secured as it is renewable after the expiry time ie: it is an unexpired lease! The lease is renewable in 2012.

Years established: 20

Employees: 2 (husband and wife)

Trading hours: Monday/Saturday incl. 6 a.m. - 7 p.m. Sunday opening 7 a.m. - 2 p.m.

Property : Leasehold

Lease terms: secure lease, unexpired

Living accomodation: The accommodation comprises: **Very Spacious And High Ceilings** 3 bedrooms (2 double, 1 with wash hand basin, 1 single). Cloakroom with w.c. Separate ground floor bathroom. Large lounge. Kitchen with fitted units.

Location: Busy main road parade

Expansion potential: Lots and lots of potential extra hours, office licence (which is approved), national lottery and young energy! Current turn over for the business is £5,500 per week!!! (£1,200 oyster included)

Competition / Market: Not much competition established for 20 years!

Reasons for selling: retirement