Traditional long established Newsagent in Covent Garden, London

  • Price: £110,000
  • Weekly Turnover: £6,750
Covent Garden, London, England
Seller Ref:NB-C9355
For Sale

Traditional long established Newsagent in Covent Garden, London

Covent Garden, London, England
Seller Ref:NB-C9355
  • Price: £110,000
  • Weekly Turnover: £6,750

Overview

Seller Ref: NB-C9355

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:
No
Accommodation details:
Parking space.
Is stock included:
NA

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