Counter Newsagent and Off Licence in Barbican, London

Nationwide brings to the market this WELL ESTABLISHED COUNTER NEWSAGENTS plus OFF LICENCE. Situated in a parade, densely populated residential and commercial area, EC LONDON.

SINGLE FRONTED PREMISES in the region of 300 ft² (excluding the basement) WITH ELECTRIC SHUTTERS and CANOPY. Wood strip floor, suspended ceiling with LED lighting. Air conditioning with hot air. Sales counter, EPOS till, cigarette gantry, 3m open cool display unit, ice cream freezer, modern adjustable shelving. CCTV system (6 cameras, 2 monitor).

Store room

Staff toilet with w.c. and wash hand basin

Basement (240 ft² approx), used for storage purposes.

Turnover : WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 20% approx. Wholesale newsbill £2,000 p.w. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £180 per week approx.
PAY POINT £135 per week approx.
ATM £1,000 per month approx.
BUS PASSES £70 per week approx.

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £80,000 (C9336)

www.NationwideBusinesses.co.uk