Newsagents for sale in North London

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Ian McGregor (Nov 2013)
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Leasehold Price: £69,950 Price Reduced Weekly Turnover: £7,500
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Business Description
PAY & DISPLAY IN FRONT OF PARADE

Electric shutters to SPACIOUS SINGLE FRONTED SALES SHOP in the region of 800 sq. ft. sales area with fluorescent lighting. The equipment includes counter, till with scanning system, ice cream deep freezer, 1-3.75m open cool display unit (used for soft drinks, wines & beers), modern shelving etc.

Stockroom
Staff w.c. & wash hand basin
Kitchen

Basement.

Turnover : £7,500/£8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 18% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £80 p.w. In addition the business also has Oyster which we understand provides a further commission of approximately £260 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Thursday inclusive - 8 a.m. - 9 p.m.
Friday - Saturday inclusive - 8 a.m. - 11 p.m.
Sunday opening - 10 a.m. - 8 p.m.


Number of Employees:

The business is at present operated by the vendor with the assistance of 3 part time staff.

Tenure: Leasehold

Accommodation Details: Small yard

Location Details:

Situated in a parade, main road trading position, residential area with school opposite, LONDON, NORTH

Listed by: Nationwide Businesses Ltd
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C8607
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