Newsagents for sale in East London

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I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £180,000 Weekly Turnover: £11,000
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Business Description
The business has been in the same hands for the past 28 years and there are genuine reasons for sale.

NO PARKING RESTRICTIONS

DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, fluorescent lighting. The equipment includes counter, 2 electric cash registers, 2 greeting card display stands with drawers under, shelving, ice cream deep freezer, double door glass fronted drinks display fridge etc.

It will be appreciated upon inspection that in our opinion the shop could benefit from some refitting.

Stockroom
Staff cloakroom with w.c. & wash hand basin.

Turnover : £11,000 p.w. in our opinion offering terrific potential for further increase, especially with additional opening hours. Wholesale newsbill £600 p.w. We are informed the gross profit is in the region of 20%. The business is agrents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £225 p.w. The business also has Oyster which we understand provides a commission in the region of £140 p.w. In addition there is Paypoint which we understand provides a further commission of £45 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£10,000/£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Friday inclusive - 6.30 a.m. - 6.30 p.m.
Saturday opening - 7.30 a.m. - 6.30 p.m.
Sunday opening - 7 a.m. - 1 p.m.
It will be appreciated upon inspection that there is terrific potential for additional opening hours


Number of Employees:

At present operated by the vendor with the assistance of his partner on a part time basis plus 1 full time staff employed.

Tenure: Leasehold

Accommodation Details: Yard at rear with parking

Location Details:

Situated end of terrace, residential area EAST LONDON

Listed by: Nationwide Businesses Ltd
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C8707
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