Newsagents for sale in South London

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Newsagent in South London

South London, London, England

  • Leasehold Price: £20,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £5,000
Seller Reference: NB-C9189
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Business Description
 
 
 
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Seller Reference: NB-C9189
Request Details
Business Description
Nationwide are delighted to present to the market MODERN COUNTER NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES. Situated in a parade, close to river Thames, sought after residential area SE LONDON.

FREE CAR PARKING IN FRONT OF PARADE

ATTRACTIVE SALES SHOP probably in the region of 400/500 sq. ft. sales area with non-slip floor, LED lighting. Air condioning/heating. The equipment includes counter, electronic cash register, modern shelving, 2.75m open cool display unit, ice cream deep freezer, double door glass fronted deep freezer etc.

Stockroom
Staff w.c.

Turnover : £5,000 p.w in our opinion offering further potential to increase in the right hands. Wholesale newsbill £370 p.w. Grossprofit 24% 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 £110 p.w. The business also has Oyster which we understand provides a further commission of approximately £40 p.w. Recently introduced Parcel Service which we understand is currently providing a further revenue of £15/£20 p.w. ATM machine providing a further revenue of approximately £250 per month.

** N.B. The is a restriction in the lease prohibiting the sale of alcohol. **

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£13,000/£14,000 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 : £20,000 (C9189)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
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