Counter News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, Full Free Off Licence, National Lottery, Oyster, Wester

Undisclosed, London

Status

FOR SALE

Date Submitted:

17/09/20

Advert ID

265134

Reference

C7941 / Rightbiz
Leasehold: £15,000
Annual Turnover: £312,000
The business has been closed for a short while due to Covid-19, however has recently been reopened & WE ARE INFORMED the turnover is currently in the region of £6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. We understand from the vendor that he enjoys a healthy turnover in respect of greeting cards & stationery in the region of £300 p.w. We are further advised that the overall gross profit is in the region of 25%. The business has an agency for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £60 p.w. The business is also agents for Oyster which we understand provides a further commission of approximately £25 p.w. The business also has an advertisement board which we understand provides a further commission of approximately £40 p.w. In addition the business has Western Union which we understand provides a further commission of approximately £200 p.w.Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £15,000 plus STOCK AT VALUATION (£25,000 approx. can be reduced)
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Agent Name:
Advert Reference:
C7941 / Rightbiz
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