Newsagent for sale in South London

South London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a terrace, sought after residential area, SOUTH WEST LONDON

WE ARE INFORMED the turnover averages £4,500 p.w. (including wholesale newsbill) Plus £3,500 sales of on line national lottery, scratch cards & oyster card. We are further advised that the gross profit is in the region of 21%.

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

Uniform Business Rates: £660 p.a approx. (after small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING comprises:

Ground Floor
Kitchen with fitted units
Separate dining room

First Floor
Large lounge
3 Double Bedrooms
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin

Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
with the exception of Monday & Thursday when the business closes at 7 p.m.
Sunday opening - 6 a.m. - 2 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £80,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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