Leasehold Newsagents In Harlow Essex For Sale

Business description

Bag a Business is delighted to offer for sale Quick Stop News. Established for over 50 years, it has been in our client's careful ownership since 2002. The business trades as a traditional newsagents offering newspapers, sweets, tobacco, general goods and 1 local news delivery round. Quick Stop News has a vast and loyal customer base and offers great potential for new owners, particularly from the introduction of an off licence. Annual turnover is £312,000 producing 20% gross profit. The business is run single-handedly by our client. This is a great opportunity to acquire a well-established business and we would urge an early viewing.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original lease length: 9.5 years
Remaining lease length: 3 years
Review every 3 years
Rent: £9,250 per annum

Living accommodation:

A purpose built, lock-up shop benefiting from CCTV system and air-conditioning. Briefly comprising: GROUND FLOOR Main sales and display area with 3-tier magazine rack with papers under, centre display aisle, racking and shelving to suit trade to 2 walls, 4 drinks display chillers, ice cream freezer, serving counter with confectionery display, electronic cash register and cigarette gantry behind. Rear stockroom with wooden shelves, rear metal roller shutter door, small kitchen area and WC

Location:

Quick Stop News is ideally located in the busy pedestriansed shopping centre of Harlow, close to the post office, main market stalls and bus station. Harlow is a new town with a population of approximately 78,000. It is popular with commuters to London being just off Junction 7 of the M11 motorway. Stansted airport is also within easy reach. The town has several large employers, such as GlaxoSmithKlein, and is expanding with several new housing developments in progress or recently completed.