Newsagents for sale in West London

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Y. MacGregor (Nov 2017)
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Leasehold Price: £99,000 Price Reduced Weekly Turnover: £6,000
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Business Description
This business has been in the same hands for the past 14 years & operates on a 5 day week basis opening Monday - Friday inclusive 6 a.m. - 6 p.m. & closed all day Saturday & Sunday. In our opinion there is terrific potential for additional opening hours, if desired.

DOUBLE FRONTED COMPACT SALES SHOP in the region of 250 sq. ft. with counter, electronic cash register, upright glass fronted fridge (owned), 1 double door glass fronted display fridge (on loan from Coca Cola), 1m open cool display unit (used for wines & beers), ice cream deep freezer (owned).

Storage area
Staff w.c. & wash hand basin

Large basement (can be used for stock purposes, if desired)

Occupying an excellent corner position, commercial, office & tourist area, LONDON, WC

Turnover : £6,000/£6,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. We are further advised that the gross profit is in the region of 28%/30% 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 £60 p.w. The business also has Oyster which we understand provides a commission of approximately £90 p.w.

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.

Lease : £99,000 (C9021)

Trading Hours:
Monday - Friday inclusive - 6 a.m. - 6 p.m.
It will be appreciated upon inspection that there is terrific potential for additional opening hours during the week & indeed potential to open on Saturday & Sunday if desired.

Number of Employees:
The business is at present operated by the vendor with the assistance of his wife on a part time basis. 1 close newspaper round undertaken to offices in the area.

Tenure: Leasehold

Location Details:
Occupying an excellent corner position, commercial, office & tourist area, LONDON, WC

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

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