Newsagents for sale in South London

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 We were absolutely overwhelmed by the response to our sales advertisement for our Bath Coffee Shop. 

Mike Watts and Wendy Race (September 2016)
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Leasehold Price: £60,000 Weekly Turnover: £6,000
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Business Description
DOUBLE FRONTED SALES SHOP in the region of 400 sq. ft. sales area with ceramic tiled floor. The equipment includes counter, electronic cash register, modern shelving, 3.75m open cool display unit, magazine display racking, ice cream deep freezer, 3 greeting card display stands etc.

2 Stockrooms
Staff w.c. & wash hand basin

Situated in a parade, main road trading position, opposite railway station, SE LONDON

• ACCOMMODATION INCLUDED

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING is at present let & provides a rental income of £900 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen

Turnover : £6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £900 p.w. We are further advised that the gross profit is in the region of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £20 p.w. The business also has Oyster which we understand provides a further commission of approximately £120 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£9,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

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
Tenure: Leasehold

Number of bedrooms: 2

Listed by: Nationwide Businesses Ltd
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C8849
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