Essex Newsagents On Mainline Station For Sale

Business description

Established over 25 years and under the current ownership for the last 3 this exceptional little newsagents is placed on a very busy, mainline Essex station, London bound and directly opposite the park and ride car park. The business offers Newspapers, Cigarettes, Tea/Coffee/Chocolate and a variety of confectionary and cold drinks. The footfall is highly enviable for early morning commuters and being close to main schools the business open hours accommodates both markets. Being so uniquely placed the business is completely unopposed and is being offered under a very genuine reason for sale. Rarely do we get such an instruction that generates immediate interest within the office and Dedman Gray are delighted to be instructed as Sole Agents in this transaction.

Turnover:
Turnover on accounts for 2008 and 2009 were £108,392 and £116,410 respectively with the usual Gross Profit margins generated in this industry. We are informed that the business turnover has increased to around £2,500 per week.

Reason for Sale:
The Vendor is perusing a higher level of education which starts early next year.

Stock:
Stock to be purchased separately at valuation, Approximately £4,500

Rates:
Business Rates payable of approximately £450 per annum. The vendor has informed us this is with small business relief.

Legal Fees:
Vendor and Purchaser to be responsible for their own legal costs, Purchaser to meet Landlords reasonable costs when establishing any new lease.

Property information

Property:

Leasehold

Location:

Property:
Secure lock up shop with roller shutters. Large window frontage on a corner plot attached to the main entrance of the Station. Single door entrance directly into the shop with a main counter area and several display fridges and racking for Newspapers and consumable stock.

Other information

Trading hours:

4.45am - 11am and 3pm - 7pm Monday to Friday and 6am - 1pm Saturday