Newsagents for sale in North London

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Newsagent & Off Licence in North London

North London, London, England

  • Leasehold Price: £62,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £6,500
Seller Reference: NB-C9176
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Business Description
 
 
 
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Seller Reference: NB-C9176
Request Details
Business Description
Nationwide are delighted to present to the market PROFITABLE NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY slight CONVENIENCE GROCERIES, FULL FREE OFF LICENCE. Situated in a parade, busy road, NORTH LONDON.

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP. The equipment includes counter, electronic cash register, shelving, 1-3.75m open cool display unit, 4 greeting card display stands with drawers under, large stationery display section, magazine display shelving, 1 double door glass fronted display fridge (used for beers), 1 single door glass fronted display fridge (also used for beers), upright single door glass fronted display deep freezer, 4 cameras, monitor plus recording.

To the rear of the shop is a staff/stockroom plus shower room with shower, w.c. & wash hand basin & small kitchen

Turnover : WE ARE INFORMED the turnover average £6,500/£7,000 p.w. in our opinion offering further potential to increase, especially with additional opening hours. Wholesale newsbill £1,500 p.w. Gross profit 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 £120 p.w. The business also has Oyster which we understand provides a commission of approximately £70/80 p.w. In addition the business is agents for Hermes Parcel Agency & we understand this provides a further commission of approximately £200 p.w. The business also has Western Union which we understand provides a further commission of approximately £100 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £62,000 or near offer 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 : £62,000 (C9176)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
To the rear of the shop is parking for a small car
Listed by:
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