Attractive old established NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, ST
Price:
Freehold - £350,000
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire an old established traditional newsagents, which has been in the same hands for the past 28 years and is now offered for sale due to retirement and ill health.
The business has a reputation for an extensive range of jars of sweets.
ATTRACTIVE DOUBLE FRONTED SALES SHOP approx. 300 sq. ft. sales area. Old fashioned with electric cash register, cigarette gantry (on loan), glass fronted display counter, 2 greeting card display stands, 1 upright glass fronted drinks fridge (on loan from Coca Cola), 1 upright glass fronted drinks display fridge (owned), ice cream deep freeze (on loan), chest deep freeze etc.
Rear stockroom
It will be appreciated upon inspection there is potential to extend the shop into the stockroom at rear.
WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potental for further increase in the right hands. Wholesale newsbill £1,100 p.w. (Please note approx. £400 p.w. of the newsbill the vendor supplies to station kiosk plus 2 additional shops. We understand these are collected from his shop each morning). Gross profit 20% approx.
Uniform Business Rates: £1,180 p.a. (after small business relief)
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 28 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT AND ILL HEALTH.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION (£6,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated end of small parade, densely populated residential area, with the advantage of 2 schools nearby, LONDON, SE
Monday - Saturday inclusive - 5.45 a.m. - 7 p.m.
Saturday opening - 5.45 a.m. - 6 p.m.
Sunday
The accommodation all in GOOD CONDITION, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles plus 1 attic bedroom (space for 2 single beds)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Spacious Kitchen
In addition to internal access to the accommodation there is a separate side access and in our opinion, the accommodation can be let on a shorthold tenancy to provide a rental income, if not required for personal use.
Fenced yard at rear.
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