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.
||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