Newsagent for sale in North London

Kings Cross Central, 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, excellent main road trading position, not far from Underground Station, N LONDON.

Shop No. 1. WE ARE INFORMED the turnover averages £10,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800 p.w. Gross profit 24% approx. In addition the business is agents for the sale of on line national lottery tickets & scractch cards & we understand this provides a commission of approximately £270 p.w. The business also has Paypoint plus an ATM machine which we understand provides a further revenue of approximately £170 p.w. The business also has Oyster which we understand provides a further commission of approximately £100 p.w.

Adjoining shop. WE ARE INFORMED the turnover is in the region of £1,700 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

We understand the two shops are held on a single lease from a Property Company, the present lease having approximately 11 years unexpired at a rental of £26,500 p.a. up to January, 2018, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Shop No. 1.
Monday - Saturday inclusive - 7.30 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 4 p.m.

Adjoining Shop
Monday - Saturday inclusive - 9 a.m. - 6.30 p.m.
Sunday Closed

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £125,000 plus STOCK AT VALUATION (£35,000 approx. including approximately £15,000 in respect of the greeting card shop).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £125,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
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