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Old Established Newsagent With Off-Licence For Sale

North London, London, UK
Asking Price:
£170,000
Turnover:
£715,000
Net Profit:
Undisclosed

Double fronted premises in the region of 765 ft² with electric shutters & canopy, vinyl floor, suspended ceiling with LED panel lighting, sales counter, cigarette gantry, modern adjustable shelving, open cool display unit (5 metres), 2 x open cool display unit (3 metres), display freezer (glass-fronted upright triple-door), Wall's ice cream freezer, Haagen-Dazs ice cream freezer, CCTV system (12 cameras, 1 monitor).

Stock room with sink.

Staff toilet with w.c. and wash hand basin.

Location: Situated in a parade, excellent trading position, North London.

Turnover: We are informed by the owner the turnover currently averages £13,000 - £14,500 p.w. with a gross profit of 30 - 35% approx. Lucrative wholesale newsbill £3,800 p.w.

We also understand that in addition to the turnover the business also enjoys a commission of:

National Lottery £20 per week approx.

Payzone £10 per week approx.

Staffing: The business is at present operated by the 2 brothers with 1 full-time staff employed, with the assistance of 1 part-time staff. 3 news rounds.

Delivery charge: 3 news rounds, delivery charge £4 p.w.

Price: To include the secure renewable lease, goodwill, fixtures & fittings £170,000 plus stock at valuation (£60,000 approx.)

Substantial loan to an approved applicant.

Additional information available including; rent, lease terms, opening hours, business rates and reason for sale via the 'Contact Broker' button.

Property Information

Property:

Leasehold