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Advert Ref: N869

Established Newsagent Business In London SE9 For Sale

  • Eltham, London
Asking price:
£59,950
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME LOCATION OPPOSITE RAIL STATION
STAFF RUN
2 BED FLAT CURRENTLY LET PRODUCING £900 PCM

LOCATION
These well appointed premises occupy a prominent trading location, fronting a busy main road being opposite New Eltham Mainline Rail Station. The business draws trade from over a wide catchment area.

BUSINESS
Well established, having been in the present hands for some 7 years and now only being marketed as a result of the Vendors other business interests. The business is currently staff run offering an owner operator tremendous potential to develop with more involvement.

TURNOVER
£6,000 PWK @20% G.P. Plus £400 PWK Lottery sales. £800 PWK Paypoint. £500 PWK Oyster card sales

NEWSBILL
£900 PWK (3 small rounds)

HOURS
Mon to Thurs - 6.00am to 7.00pm (Friday 6-9 Sat 6-7.30 and Sun 7-3)

PREMISES
Mid Parade Premises with single aluminium framed frontage and single entrance to: Retail Area: 400 sqft. Ceramic tiled floor, all round display shelving, 4m drinks chiller, magazine racking, ice cream freezer, gondola, counter, EPOS till. Store Room: Marking up Room: Kitchenette: st/stl sink. Staff W.C.
OUTSIDE: Yard: Single Garage. Service road to rear

LIVING ACCOMMODATION
Self Contained flat approached from sep. Front entrance. Comprising: 2 Double Bedrooms: Kitchen: Lounge: Bathroom: Note: The flat benefits from replacement double glazing and gas fired central heating. The flat is presently sublet producing £900 PCM.

TENURE
3 years remaining on current lease. RENT: £16,000 P.A. or £18,000 P.A with new 10 year lease.

EPC RATING
TBA

BUSINESS RATES
Nil currently payable

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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