Newsagents for sale in East London

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Newsagent and Post Office in East London

East London, London, England

  • Leasehold Price: £170,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £5,000
Seller Reference: NB-C8721
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Business Description
 
 
 
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Seller Reference: NB-C8721
Request Details
Business Description
Nationwide are delighted to present to the market SUPERBLY FITTED COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS slight CONVENIENCE GROCERIES, FULL FREE OFF LICENCE with MAIN POST OFFICE. Occupying a corner position, busy road, densely populated residential & commercial area EAST LONDON.

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 1,400 sq. ft. sales area with quality tiled floor, suspended ceiing with concealed lighting. 2 air conditioning units. Retail counter, 1 till with scanning system plus post office combination counter, modern shelving, magazine display shelving, 2-3.5m open cool display units, upright double door glass fronted display deep freezer, ice cream deep freezer, 8 greeting card display stands. Post Office counter with anti-bandit screen (3 positions plus parcel hatch) etc.

Staff cloakroom with w.c. & wash hand basin

Basement - ideal for storage purposes

Turnover : £5,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £300 p.w. Gross profit 20% approx. We are advised that the post office income at the present time is in the region of £130,000 p.a. approx. including commission from the sale of on line national lottery tickets plus scratch cards & from the ATM machine.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 plus STOCK AT VALUATION (£20,000 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 : £170,000 (C8721)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
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