Newsagent for sale in West Norwood

West Norwood, 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 parade, main road trading position, residential area, LONDON, SE

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £300 p.w. The business is agents for Oyster and we understand this provides a commission of approximately £70 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £20 p.w. In addition the business is agents for Western Union and we understand this provides a further revenue of approximately £135 per month.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1977 AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The SPACIOUS living accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

Ground Floor
Kitchen
Conservatory
Bathroom with bath, wash hand basin
Separate cloakroom

First Floor
Lounge
1 Double Bedroom with fitted wardrobe

Second Floor
2 Additional Double Bedrooms

Monday - Saturday - 6.45 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 7 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £40,000
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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