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Well Established Counter News, Confectionery, Tobacco, Full Free Off Licence, Oyster, Lottery E-top Up for Sale

North London, London

Leasehold : 90,000
Turnover : 6,000 p.w.

Situated in a parade, excellent main road trading position, close to railway station, residential & commercial area, NORTH LONDON

Turnover: 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 800 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 70 p.w. The business also has Oyster for bus passes & we understand this provides a commission of approximately 600 p.w. The business also has E-Topups which we understand provides a further commission of approximately 35/40 p.w. As will be appreciated with the gross profit in the region of 20%, the retail sales provide a gross profit in the region of 62,000 plus there is a further approximately 36,000 p.a. in respect of commission received providing an overall gross profit of 98,000. In our opinion there is tremendous potential for further development, especially with the introduction of convenience groceries.

Tenure: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 NO OFFERS plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
 
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281 Advert ID 47009    Sellers Ref : C8474/BSOL

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