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Newsagent & Off Licence With Bus-Pass & E-Pay For Sale

• Islington, London, United Kingdom

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Details Asking price:£45,000 Sales revenue:< £200k Net profit:< £100k Fixtures value:Undisclosed Inventory value:£10,000

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Business description

Keen to sell. Located in a busy high street in Islington. Currently space under-utilised. Potential for further improvement & increase revenue.
Gross takings appx £6,000pw (News £700, Buss-pass £1,500 , e-pay £500 & floor sales £3,300)pw.
Business rates £3,450pa
Rent 10k pa (till 2011)

General information

Trading hours: 7am-9pm

Property:Leasehold

Lease terms:12 year renewable lease 7 years unexpired. Rent £10,000pa.

Living accomodation:N/A

Location:Located in a busy high street in Islington.

Expansion potential:The shop space is currently under-utilised and in need of update.

Reasons for selling:The shop was managedby a relative who can't continue. Keen to sell to concentrate on core business.

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