Traditional long established Newsagent in Covent Garden, London
Traditional long established Newsagent in Covent Garden, London
Overview
Description
Nationwide brings to the market this COUNTER NEWS, CONFECTIONERY, TOBACCO with lottery, Oyster and vaping. Situated in a parade, theatre and office area, CENTRAL LONDON.
SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS and AWNING approx 375 sq ft. Lino flooring, suspended ceiling with tube lighting. Sales counter, electronic cash register, 2 double door fridges, Walls’ ice cream freezer, cigarette gantry, glass cabinet for vapes, adjustable shelving, display stands. CCTV
Basement used for storage.
Staff toilet and wash hand basin
Turnover : WE ARE INFORMED by the owner the turnover currently averages £6,750 p.w. Wholesale newsbill £200 p.w. with a Gross profit of 30% approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
NATIONAL LOTTERY £175 per week approx.
ATM £200 per week approx.
ALSO offers short term luggage storearage facility for tourists- commission iro £100 pw
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)
Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £110,000 (C9355)
www.NationwideBusinesses.co.uk
Is accommodation included:
Accommodation details:
Is stock included:
Listed By: