Newsagent for sale in North Acton

North Acton, North 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, main road trading position, residential area, LONDON, NW

WE ARE INFORMED the turnover averages £10,000/£12,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 25% approx. In addition the business is agents for Oyster cards and we understand this provides a commission of approximately £500 p.w. The business also has Paypoint which we understand provides a further commission of approximately £500 per month. In addition there is a free to use ATM machine.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £2,700 p.a. approx. (after small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

5.30 a.m. - 11.30 p.m. seven days per week

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £185,000
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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