Newsagent for sale in Maryland

Maryland, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Main road, office and residential area, EAST LONDON

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £120 p.w. (not direct supplies). Gross profit 30% approx. In addition commission received from the Oyster card machine in the region of £10 p.w. Paypoint a further commission of £15/£20 p.w. plus an ATM machine (owned) providing additional revenue of £30/£35 p.w. We are further advised there is a £20 p.w. commission in respect of the dry cleaning agency plus calling card commission. We are further advised there is a £10 p.w. commission in respect of UPS agency. We are further advised there is a £15 p.w. commission paid by Cadbury for displaying their products. We are further advised there is a £30 p.w. commission from Lebara for shop branding.

We understand the premises are held on a lease having approximately 11 years unexpired at a current rental of £13,988 p.a. exclusive of rates, with rent reviews every 5 years. We understand there is a current service charge of £553.00 every 6 months including building insurance. PLEASE NOTE THE LEASE IS OUTSIDE THE LANDLORD & TENANT ACT.

Uniform Business Rates: £0 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

10 a.m. - 8 p.m. seven days per week
It will be appreciated upon inspection that there is terrific potential for additional opening hours.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £43,500 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: £43,500
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Stationers
Dry Cleaners
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