Newsagent for sale in South Tottenham

South Tottenham, 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, LONDON, N

WE ARE INFORMED the turnover currently averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. Gross profit we are informed in the region of 25%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £150 p.w. The business also has Oyster which we understand provides a further commission of approximately £100 p.w. We further understand that there is an income of £70/£80 p.w. in respect of the Internet Café plus an additional £75 p.w. income. In addition the business has Paypoint which we understand provides a further commission of approximately £60 per month.

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £28,500 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £8,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 6.30 a.m. - 7.30 p.m.
Sunday opening - 7.30 a.m. - 6 p.m.

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £72,500 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: £72,500
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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