Newsagent for sale in Walthamstow

Walthamstow, East 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, densely populated residential & commercial area, EAST LONDON

WE ARE INFORMED the turnover averages £6,500/£7,000 p.w. in our opinion offering further potential to increase, especially with additional opening hours. Wholesale newsbill £600 p.w. Gross profit 20% approx. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £100/£120 p.w. The business also has Oyster which we understand provides a further commission of approximately £100 p.w. The business is also agents for Western Union & we understand this provides an additional income of approximately £800/£900 per month.

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of £17,500 p.a. exlusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED COUNTER NEWS, CONFECTIONERY, TOBACCO SHOP WHICH IN OUR OPINION HAS TERRIFIC POTENTIAL FOR FURTHER DEVELOPMENT. THE BUSINESS IS SITUATED IN AN EXPANDING AREA WITH MANY FLATS BEING BUILT NEARBY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Operated on a 6 day week basis
Monday - Saturday inclusive - 7 a.m. - 6 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection there is potential for additional opening hours & indeed for Sunday opening, if desired.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £55,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
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