| (REF: C7795) Well Established News, Confectionery, Tobacco, Convenience Groceries |
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| Seller Reference: |
C7795 |
| B4S Reference: |
30290 |
| Asking Price: |
£28,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£182,000 |
| Number of Staff: |
1 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
South London, London, United Kingdom |
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Nationwide are pleased to offer to the market : SINGLE FRONTED SALES SHOP probably in the region of 400 sq. ft. sales area with tiled floor, fluorescent lighting and fully equipped including counter, electronic cash register, 1 double door glass fronted drinks display fridge (owned), 1 greeting card display stand, shelving, ice cream deep freeze etc.
BASEMENT ideal for storage purposes
WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licences. Wholesale newsbill £1,000 p.w.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £13,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (The vendor is also prepared to consider granting a shorter lease, if desired).
Uniform Business Rates: £3,000 p.a. approx.
THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS SINCE 1992 AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £28,500 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation in the form of a STUDIO FLAT on the ground floor to the rear of the shop, comprises:
1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Living room
Separate kitchen
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Location: |
Situated in a parade, main road trading position, densely populated residential and commercial area, LONDON, SW |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 6 a.m. - 6 p.m. |
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The business is at present staff operated. Staff employed 1 full time plus 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. 3 morning newsboys employed. Delivery charge £1/£1.50 p.w. |
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