Counter Newsagents & Off Licence in City of London for Sale - £7k Weekly Turnover
City of London, London
- Status
FOR SALE
- Date Submitted:
21/04/22
- Advert ID
294094
- Reference
C9336 / Rightbiz
- Call Agent:
- Leasehold: £80,000
- Turnover: £364,000 (£7,000 Per week)
- Net Profit: Not Applicable
Business Details
Counter Newsagents Plus Off Licence for Sale
WE ARE INFORMED by the owner the turnover currently averages £7,000 per week with a gross profit of 20% approx.. Wholesale newsbill £2,000 per week 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. FEATURES:
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. PRICE:
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.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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