Profitable Old Established Counter Newsagents Plus On Line National Lottery For Sale

Business description

IMPRESSIVE & SPACIOUS SALES SHOP approx. 18' frontage x 60' depth with ceramic tiled floor, ceiling with fluorescent lighting and well equipped including large magazine display unit, glass fronted display centre, upright double door glass fronted drinks display fridges (used for beers and wines), 3m open cool display unit (used for soft drinks and milk), 10 glass display cabinets (utilized for gifts etc), 6 greeting card display stands with drawers, ice cream deep freeze (owned), centre display stand, photocopier, 2 tills with scanning etc.

Staff cloakroom with w.c. and wash hand basin
Kitchen area

Large basement with racking

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £45,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £12,000 p.a. approx. + water rates

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade occupying a prime trading position, LONDON, SW

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £1,300 p.w. Gross profit 20% approx. In addition the following commission is received:
On line national lottery plus scratch cards approx. £450 p.w.
Oyster Machine approx. £350 p.w.
Paypoint approx. £190 p.w.
Western Union approx. £3,000 per month
National Express Coaches approx. £250/£300 per month
Cheque Cashing approx. £300 per month

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £289,000 plus STOCK AT VALUATION (£35,000/£40,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.