Newsagent for sale in Bermondsey

Bermondsey, Central London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, excellent trading position, SOUTH EAST LONDON

We are informed the turnover averages £7,000 p.w., in our opinion offering further potential to increase in the right hands. Wholesale newsbill £60 p.w. We are further advised that the gross profit is in the region of 23%. In additon, the business is agents for the sale of online National Lottery tickets plus scratchcards. We understand this provides a commission of approx. £50 p.w. The business also has a dry cleaning agency and we are advised that this provides a commission of approx. £1,000 per month. The business also sells International Phone Cards and has an ATM machine, which we understand provides a further commission of approx. £200 per month.

We understand the premises are held on a secure renewable lease, the present lease expiring in July 2017, at a rental of £20,500 p.a. excl. of rates, fixed for the remainder of the term.

Uniform Business Rates: £1,750 p.a. approx.

The business has been in the same hands for the past 7 years and there are genuine reasons for sale.

RECOMMENDED FOR EARLY INSPECTION.

Operated 6 days per week, Monday/Saturday incl.
8 a.m. - 9 p.m.
No Sunday trading.

PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £49,500 plus stock at valuation (£25,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Viewing Strictly by appointment.

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business information

Sale price: £49,500
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Dry Cleaners
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