Newsagents for sale in South London

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S Martin (Feb 2013)
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Leasehold Price: £135,000 Price Reduced Weekly Turnover: £8,000
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Business Description
SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area, fluorescent lighting, air conditioning/heating unit. The equipment includes counter, electronic cash register, 12 greeting card display stands with drawers under, cigarette gantry (on loan), slats to walls, shelving, upright double door glass fronted display fridge (on loan from Coca Cola), photocopier (on loan), ice cream deep freezer. CCTV system with 8 cameras, monitor plus recording.

In our opinion, as will be appreciated upon inspection, the shop could well benefit from being refitted

Stairs to basement with INTERNET CAFÉ providing a further income of approximately £100 per month.

In addition in the basement is a stockroom/office, kitchen, staff w.c..

Turnover : £8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. We are further advised that the gross profit is in the region of 25%. In addition the business has on line national lottery which we understand provides a commission of approximately £140 p.w. In addition the business has Oyster which we understand provides a further commission of approximately £130 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


6.30 a.m. - 9 p.m Monday to Saturday
7:30 a.m. - 9 p.m Sunday


Number of Employees:

At present operated by the vendor with the assistance of 2 staff.

Tenure: Leasehold

Location Details:

Situated in a parade of shops, excellent trading position, densely populated residential & commercial area, SW LONDON

Listed by: Nationwide Businesses Ltd
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C8551
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