- Advert ID: 651674
- (Seller ref: S2458L)
Convenience Store & Newsagents In Excellent Position For Sale
- Location:
-
- United Kingdom
- > England
- > South East
- > London
- > Elephant & Castle
- > SE17
- Category:
-
- Retail
- > General
- > Newsagents
Listed by:
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Summary
- Asking price:
- £109,950 (Furniture / Fixtures included)
- Sales revenue:
- £426,000
- Net profit:
- £100k < 250k
- Years established:
- 5
- Employees:
- 2 FT + 2 PT
- Relocatable:
- This business can be relocated.
Business description
LOCATION: Occupies an excellent, unopposed position in a parade of local shops surrounded by a huge housing estate.
DESCRIPTION: End-of-parade premises has approx 30’-6” wide frontage with aluminium framed shop front secured by roller shutters. Internally the 1,100 sq ft lock-up premises comprises a well fitted retail Newsagents section having non-slip flooring, suspended ceiling with recessed fluorescent lighting and incorporating a 2-position post office counter section. A doorway next to counter leads through to staff section with kitchenette/store, 3 stock rooms, secure tobacco store, admin office and toilet/washroom.
EQUIPMENT: The premises is fully fitted and equipped for present trade and full inventory will be available for purchaser.
BUSINESS: Is staff run and we are informed the retail takings of £8,200 per week with gross profit margin of 19%, plus an additional £2,200 per week from bus pass sales and £800 per week e-top-up.
HOURS: Mon-Sat 7.00 am to 7.00 pm; Sun 7.00 am to 2.00 pm.
ACCOMM: There is no residential accommodation.
TENURE: The premises is held on a secure council lease which commenced in September 2006 for a term of 10 years and the current rent is £9,700 per annum with no further reviews until the lease is renewed.
RATES: Business rates payable are approx £2,857 per annum.
Property information
- Property:
- Leasehold
- Lease terms:
- The premises is held on a secure council lease which commenced in September 2006 for a term of 10 years and the current rent is £9,700 per annum with no further reviews until the lease is renewed.
- Location:
- Occupies an excellent, unopposed position in a parade of local shops surrounded by a huge housing estate.
Other information
- Support & training:
- Full support and training included
- Reasons for selling:
- Cannon cope alone
- Trading hours:
- Mon-Sat 7.00 am to 7.00 pm; Sun 7.00 am to 2.00 pm
- Financing available:
- Yes finance arranged for the right buyer
- Inventory / Stock value:
- £18,000
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- United Kingdom
- > England
- > South East
- > London
- > Elephant & Castle
- > SE17
- Retail
- > General
- > Newsagents
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