Newsagent for sale in East Ham

East Ham, East 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, adjoining railway station, residential & commercial area EAST LONDON

WE ARE INFORMED the turnover averages £5,000/£5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £400 p.w. Gross profit 20% approx. In addition the business also sells on line national lottery scratch cards.

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £5,200 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

Uniform Business Rates: £1,425 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

7 a.m. - 9 p.m. seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £40,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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