Nationwide are delighted to present to the market PROFITABLE WELL ESTABLISHED NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY. Situated in a parade, sought after PURLEY, SURREY.
This profitable newsagents has been in the same hands since 1986 & has been our local supplier of newspapers for in excess of 35 years.
IT SHOULD BE NOTED THAT APPROXIMATELY 1/3RD OF THE GROSS PROFIT IS DERIVED FROM THE SALE OF NEWSPAPERS & NEWSROUNDS & IN OUR OPINION IN VIEW OF THE HIGH VOLUME OF NEWSPAPER SALES, THE UNDERSTANDING OF NEWSPAPER RETAILING WOULD BE AN ADVANTAGE.
Sales year ending 30th April, 2019 showed £658,233 with a gross profit of £162,738
SINGLE FRONTED SALES SHOP probably in the region of 350 sq. ft. sales area, suspended ceiling with concealed lighting. Air conditioning. The shop is well equipped including counter, electronic cash register, greeting card display section, modern shelving, open cool display unit, ice cream deep freezer (owned). CCTV system with 6 cameras, monitor plus recording etc.
Large basementTurnover :
£12,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £3,000 p.w. We are further advised that the sales year ending 30th April, 2019 showed £658,233 with a gross profit of £162,738.
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£30,000 approx. plus news accounts)
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 : £150,000 (C9251)
Is accommodation included?:
The accommodation FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:
Fully fitted kitchen
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin
2 Double BedroomsSmall yard at rear