Newsagent for sale in Canning Town

Canning Town, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

End of terrace, main road trading position, residential area, EAST LONDON

WE ARE INFORMED the turnover averages £3,600 p.w. in our opinion offering terrific potential for the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary premises & personal licence. We are further advised that the gross profit is in the region of 20%. The business is also agents for Oyster & we understand this provides a commission of approximately £80 p.w.

We understand the premises are held on a secure renewable lease from a private landlord, the present lease expiring in April, 2023 at a rental of £9,600 p.a. exclusive of rates up to April, 2018, with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Monday - Friday inclusive 6 a.m. - 7 p.m.
Saturday & Sunday opening - 7 a.m. - 5 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£8,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £55,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
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