Newsagent for sale in North London

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, shopping mall, N LONDON

WE ARE INFORMED the turnover averages £9,600 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the Premises & Personal Licence. Wholesale newsbill £1,000 p.w. Gross profit 24% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of £380/£400 p.w. The business also has Oyster which we understand provides a further commission of £320/£350 p.w. In addition the business has Paypoint which we understand provides a further commission of approximately £80 p.w. The business also has Western Union which we understand provides a further commission of approximately £450 per month. In addition there is a photocopier/fax machine which we understand provides a further revenue of approximately £400 per month. A further revenue of £250 p.w. from phone cards & international phone cards

We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a rental of £23,700 p.a. exclusive of rates for the remainder of the term.

Uniform Business Rates: £8,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Operated 6 days per week Monday - Saturday inclusive - 6 a.m. - 6.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours & indeed for Sunday opening, if desired.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £167,500 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £167,500
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
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