Newsagents for sale in London

View the "DETACHED COUNTER NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES in EAST LONDON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

DETACHED COUNTER NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES in EAST LONDON

London, England

  • Leasehold Price: £160,000
  • Weekly Turnover: £7,500
Seller Reference: D9141
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Business Description
 
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Seller Reference: D9141
Request Details
Business Description
DETACHED COUNTER NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES

* COMMISSION RECEIVED £57,000 p.a.

SINGLE FRONTED PREMISES with 2 entrances approximately 350 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, 1-3m open cool display unit, ice cream deep freezer, modern shelving etc.

Staff w.c. & wash hand basin

Basement for storage purposes

WE ARE INFORMED the turnover averages £7,500 p.w. in our opinion offering further potential to increase. We understand the present owners have obtained the Premises Licence for the sale of wines, beers & spirits, although no alcohol is sold at present, in our opinion there is terrific potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Personal Licence. Wholesale newsbill £800 p.w. Gross profit 25% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £300 p.w. The business also has Oyster which we understand provides a further revenue of approximately £800 p.w.

Tenure:
Leasehold
Listed by:
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