Well established STATIONERY, GREETING CARDS plus NEWS, CONFECTIONERY, TOBAC
Price:
Leasehold - £49,950
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire an well established stationery, greeting cards business combined with news, confectionery, tobacco and full free off licence which has been in the same hands for the past 36 years and is now solely offered for sale due to retirement.
700 sq. ft. sales shop. Newly fitted and refurbished approx. 2 years ago. 700 sq. ft. sales area with vinyl non-slip floor, suspended ceiling with concealed lighting, new shelving, 1 double door glass fronted drinks display fridge, open cool display unit, counter, new electronic cash register, fax and photocopier. Digital CCTV with 8 cameras, monitor. Burglar alarm system etc.
Stockroom
Staff cloakroom
Basement
WE ARE INFORMED the turnover averages £4,500 p.w. including approximately 50% of turnover in respect of greeting cards and stationery, in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £900 p.w. In addition there is a commission of approximately £9,000 p.a. from the sale of Oyster cards and phone top-ups. We are further advised that the sales year ending April, 2011 showed £228,000 with a gross profit of £66,000 (including lottery and scratch cards commission of approximately £9,000).
We understand the premises are held on a secure renewable lease, the present lease expiring on the 31st October, 2014 at a rental of £16,000 p.a. exclusive of rates for the remainder of the term. We further understand that subject to satisfactory references the landlandy is prepared to grant a new lease at terms to be agreed.
Uniform Business Rates: £9,800 p.a. approx.
AS STATED THIS PROFITABLE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 36 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,950 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, LONDON, S
Monday - Friday inclusive - 6.30 a.m. - 7.30 p.m.
Saturday opening - 7 a.m. - 7.30 p.m.
Sunday
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