Well established NEWSAGENTS KIOSK
Price:
Leasehold - £55,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Well established KIOSK selling counter news, confectionery, tobacco, soft drinks plus Oyster.
SPACIOUS KIOSK with shutter providing open front approx. 150 sq. ft. area. Display counter with confectionery display, electronic cash register, cigarette gantry (on loan), 2 upright glass fronted display fridges (1 on loan from Lucozade whilst the other we understand is owned), magazine display racks etc.
WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 25% approx. THE BUSINESS HAS OYSTER AND WE UNDERSTAND FROM THE PRESENT OWNERS THAT THEY ARE RECEIVING A COMMISSION ON AVERAGES OF APPROXIMATELY £400 P.W. IN ADDITION THERE IS PAYPOINT WHICH WE UNDERSTAND IS PROVIDING A FURTHER REVENUE OF APPROXIMATELY £20 P.W.
We understand the premises are held on a 3 year recurring lease from London Transport, the present lease having approximately 1 year unexpired at a rental of £11,000 p.a. exclusive of rates. (We further understand that the lease contains a 6 months Break Clause in the event of London Transport deciding to redevelop).
It should be noted that this Kiosk as frontage to the main road and indeed is situated at the entrance to the Underground Station.
Uniform Business Rates: £1,280 p.a. approx. (after small business relief)
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£6,000/£7,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Entrance to Tube Station, MIDDLESEX
OPERATED ON A 5½ DAY WEEK BASIS
MONDAY - FRIDAY INCLUSIVE - 6 A.M. - 6.30 P.M.
SATURDAY OPEN
North Yorkshire
£ 750,000
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