Newsagents for sale in Islington

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Newsagent & Off Licence in Islington, London

Islington, London, England

  • Leasehold Price: £14,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £2,800
Seller Reference: NB-C9093
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Business Description
 
 
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Seller Reference: NB-C9093
Request Details
Business Description
Nationwide brings to the market this WELL ESTABLISHED NEWS, CONFECTIONERY, TOBACCO slight CONVENIENCE GROCERIES, FULL FREE OFF LICENCE. REALISTICALLY PRICED FOR EARLY SALE. PRICE TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS ONLY £14,000 plus STOCK AT VALUATION. Situated in a parade, busy road, commercial & residential area NORTH LONDON.

The business has been in the same family for the past 28 years & in our opinion offers terrific potential for further development in the right hands.

ATTRACTIVE DOUBLE FRONTED SALES SHOP in the region of 600 sq. ft. sales area with tiled floor, fluorescent lighting. We understand the shop was refitted approximately 4 years ago. Counter, electronic cash register, 3.75m open cool display unit, card display section, magazine display rack, ice cream deep freezer, upright single door fridge (on loan) etc.

Staff toilet with w.c. & wash hand basin

Rear storage area

Large basement consisting of three rooms and shower room. NB the area can not be used for residential.

Turnover : £2,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800/£900 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of online national lottery tickets plus scratch cards & this provides a commission on average in the region of £35/£40 p.w. The business also has a Parcel Delivery Service which we understand provides a further commission of approximately £60 p.w.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £14,000 plus STOCK AT VALUATION
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 : £14,000 (C9093)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
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