Newsagents for sale in North London

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Newsagent with Off Licence in North London

North London, London, England

  • Leasehold Price: £62,500  Price Reduced arrow_drop_down
  • Weekly Turnover: £5,000
Seller Reference: NB-C9204
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Business Description
 
 
 
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Seller Reference: NB-C9204
Request Details
Business Description
Nationwide are delighted to present to the market WELL ESTABLISHED NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES, FULL FREE OFF LICENCE. Occupying a corner position, residential area, NW LONDON.

DOUBLE FRONTED SALES SHOP in the region of 300 sq. ft. sales area with woodstrip floor, fluorescent lighting. The equipment includes shelving, ice cream deep freezer, 2-1.8m open cool display units (1 used for soft drinks, milk & dairy produce whilst the other is used for wines & beers), counter, electronic cash register.

Cloakroom with w.c. & wash hand basin

2 storage areas in the basement

Turnover : £5,000/£6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £500/£600 p.w. We are informed the gross profit is in the region of 30%. The business sells on line national lottery tickets plus scratchcards (we understand the lottery machine is rented at £50 per mont). The business has Paypoint which we understand provides a commission of approximately £15 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £62,500 plus STOCK AT VALUATION (£10,000/£15,000 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 : £62,500 (C9204)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
The accommodation in the form of a SELF CONTAINED FLAT situated in the basement with FULL GAS FIRED CENTRAL HEATING, comprises:

1 Double Bedroom with w.c. & wash hand basin
Bathroom with w.c. & wash hand basin
Lounge with kitchen area
Small laundry room

The flat is at present let on a shorthold tenancy & we understand provides a rental income of £15,000 p.a.
Listed by:
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