Long Leasehold Counter Newsagents In South London For Sale

Description

Double-fronted premises measuring approximately 420 sq ft, fitted with shutters. The interior includes tiled flooring, a suspended ceiling with LED panel lighting, sales counter, cigarette gantry, EPOS till, modern adjustable shelving, open chilled display unit, wall shelving, ice cream freezer, and glass-fronted upright drinks display fridge. CCTV system installed with nine cameras and one monitor, together with related fittings.

Stock room.

Toilet with WC and wash hand basin.

Location: Situated within a small parade, offering an excellent trading position in a residential area. South West London.

Turnover: We are informed by the owner that current turnover averages between £7,000 and £8,000 per week, with an approximate gross profit of 22%. Wholesale news bill averages £200 per week.

It is also understood that, in addition to turnover, the business benefits from commission income of approximately £150 per week from the National Lottery, approximately £350 per month from PayPoint services, and approximately £10 per week from Payzone.

Staffing: The business is currently operated by the vendor.

Price: £399,500 for the valuable long leasehold property, goodwill, fixtures and fittings, plus stock at valuation (approximately £30,000). Substantial mortgage available to an approved applicant.