Newsagents for sale in Coulsdon

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Counter Newsagent in Coulsdon, Surrey

Coulsdon, London, England

  • Freehold Price: £265,000  Price Reduced arrow_drop_down
  • Leasehold Price: £45,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £6,000
Seller Reference: NB-C9103
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Business Description
 
 
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Seller Reference: NB-C9103
Request Details
Business Description
Nationwide brings to the market this WELL ESTABLISHED COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY. REDUCED FOR EARLY SALE. Situated in a parade, excellent main road trading position, SURREY.

The business has been in the same hands for the past 17 years.

We understand that a Premises Licence for the sale of wines, beers & spirits has recently been granted & therefore there is potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises Licence.

Electric shutters to ATTRACTIVE SINGLE FRONTED SALES SHOP with tiled floor, suspended ceiling with concealed lighting. The equipment includes shelving, 4 greeting card display stands (3 with drawers under), revolving card display stand, glass topped ice cream deep freezer, 2m open cool display unit (used for soft drinks & water), double door glass fronted display fridge (on loan from Coca Cola), photocopier (on loan agreement), counter, electronic cash register, cigarette gantry (on loan) etc.

Stairs to basement comprising 2 large rooms, w.c. & wash hand basin plus space for kitchenette.

In our opinion there is potential for the basement area to be converted into a 1 bedroom flat, subject to the necessary planning permission.

Turnover : WE ARE INFORMED the turnover is corrently in the region of £6,000 p.w. in our opinion offering further potential for the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Personal Licence. Wholesale newsbill £850/£900 p.w. We are further advised that the gross profit is in the region of 22%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £135 p.w. The business also has Oyster which we understand provides a further income of £70 p.w. The business also operates a Parcel Service which we understand provides a further revenue of approximately £100 per month. We are further advised that the sales year ending 31st August, 2018 showed £249,560 with an overall gross profit of £60,005 (including commission received of £15,890).

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £265,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL MORTGAGE 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 : £45,000 Freehold : £265,000 (C9103)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold, Freehold
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