»Featured Property
ATTRACTIVE NEWSAGENT
LOCATION: This well established Newsagent, Confectioners, & Tobacconists occupies a prime parade position of an extremely busy main road, serving a busy shopping district that is located in the middle of a highly sought after residential and commercial area. Restricted parking facility is available to the side streets that encourage the trade.
THE BUSINESS: In same family hands for the past 25 years have now decided to take a well earned rest. In our opinion, the premises are extremely clean and well maintained throughout. Off Licence trade have just been introduced in the past few months and has yet to reach its peak, hence, a considerable rise in the turnover and the profitability is expected in the future. The business contains tremendous opportunity for further expansion in the hands of a young and energetic person, who will be able to benefit the sound business base that has already been created. The shop mainly deals in Newspapers, Magazines, Greeting Cards, Confectionary, Tobacco, Soft drinks, Off-Licence and daily Convenience items. The business currently offers 4 morning newspaper rounds covering approx 160 houses. The business is as well agent for On Line Lottery, pay point and London Transport Bus Pass.
The sizeable retail area measures approximately 435 sq ft in total is fully fitted with a modern range of fixtures and fittings. The shop briefly comprises of: a large sales counter that contains electronic cash register, a large cigarette gantry at the rear of the sales counter, upright drinks cooler, a dairy cabinet, an ice cream freezer, a photo-copying machine, 2 greeting card stands, a vast newspaper and magazine display rack, confectionary count line display units etc. To the rear there is the stock room that holds surplus stock and also contains a small kitchenette and toilet facility.
TURNOVER: We are advised that the shop turnover averages £3,500 per week. This includes a wholesale News bill of £1,400. Additionally there is the sale of Bus Pass of £6,000 p.w and National Lottery of £1,500 p.w. (The annual commission earned we are informed averages £15/16,000)
OPENING HOURS: 5.30 am to 7.00 pm – Monday to Saturday
6.00 am to 2.00 pm - Sunday
ACCOMMODATION: Lock up
TENURE: Our clients are the freeholder to the property and subject satisfactory references offers a new 15 year lease with rent reviews spaced every 5 years. The rent is to be £10,500 per annum and the Uniform Business Rates payable are approximately £1,500 per annum.
VIEWING: By appointments ONLY
PRICE: £40,000 plus SAV (Stock approx £7,000)
Category:
Newagents
Tenure: Leasehold
Price: £45,000.00
Ref. No: N1309
Location: Clapham Common
Lot Size: 0 Acres
Total Sq. Footage: 0 sqft
Parking Spaces 0 Cars
No. of Floors: 0
No. of Rooms: 0
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