Newsagent for sale in Notting Hill

Notting Hill, West 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, busy road, residential area, W LONDON

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £500 p.w. In addition the business has Oyster & we understand this provides a commission of approximately £100 p.w. The business also has Paypoint & we are advised this provides a further commission of approximately £100 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £19,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 7 a.m. - 10.30 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £75,000
Tenure : Leasehold
Status: Available
Sectors:
General Stores
Newsagents
Off Licences
Supermarkets
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