Newsagents for sale in Finchley

View the "Newly Fitted Off Licence / Newsagent in Finchley, London for Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Imran Ahmed (Nov 2014)
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Leasehold Price: £79,000 Price Reduced Annual Turnover: £312,000 Annual Net Profit: £30,000
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Business Description
Newly refitted spacious off license for sale at £79,000

Rent per annum:

Net profit - upon request
Annual gross - £312,000

Price excludes:
Stock (approx £10,000)

Price includes:
Shop goodwill and all of the below as stated.

Shop Refreshment (January 2016 over £40,000):
Brand new tilled flooring
Suspended ceiling
New LED lighting throughout the shop
Staff Toilet and break room at back of the shop
Small kitchen, sink and stock room
Steel security gate covering rear door at back of the shop
Garden (shared with the downstairs flat).
Newly fitted Alarm with 5 censors ( glass break sensor and door open alert), linked to an Alarm HQ, with panic button
CCTV HD Camera system installed with 8 cameras, small 15 inch monitor and a 32 inch monitor in shop, with a recording unit, which can be linked to any mobile device for remote viewing.

Operating hours
Mon - Fri 7am - 6.30pm,
Sat - 8am - 6.30pm,
Sun 8am - 1pm

Shop figures (approx based on operating hours above)
Weekly gross - £6500
Annual gross - £312,000
Profit potential - up to 40% (based on longer opening hours)

Alcohol licence - 11pm

Shop lease
12 year shop lease

Rent review - every 3 years

Shop Fixtures:
Shop measures approx 144 square Ft
2 tills: 1 Newly installed EPOS system scanning system with all stock monitoring
3 x open display fridges measuring approximately 3.75m each, containing soft drinks, dairy products and alcohol.
1 x freezer measuring approximately L1.35m x W 2m containing various frozen foods,
1 x freezer measuring L77cm x W67cm for ice cream.

Shop Services
National lottery machine, Oyster machine, scratch cards, credit card and E-top up machine, with international calling cards
UPS access point, offering customers a send and collect UPS parcels service
Newspapers and magazine, alongside a greeting card stand
Nescafe Go coffee machine
Dry cleaning service, which is picked/dropped on a daily basis.
Offers a wide range of confectionery items for sale

Shop History
Shop has been a family business for over 30 years. We have a very large customer base who have been very loyal to us over the years. The shop is surrounded by several blocks of flats of which most are newly built. There is a large leisure complex approximately 30 secound walk away which has bowling, cinema and numerous restaurants. We are located opposite a bus stop which is approximately a 10 minute journey to East Finchley station on the another line.

Selling due to retirement, all shop needs is someone to open longer hours and put more stock into the store. Everything else is done and setup for you.
Trading Hours:

Mon - Friday
7am - 6.30pm
8am - 7pm
8am - 1pm.

Number of Employees: 1-5

Tenure: Leasehold

Support & Training:

Will provide suport / setup, Lottery Terminal / Epos , bus pass machine.

Location Details:

Great Location, Cinema and Multiplex opposite, with new build flats all around.

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