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Highly Profitable Newsagent Convenience Store In Covent Garden For Sale

Covent Garden, London
Asking Price:
£200K - £500K
Sales Revenue:
£575,000
Cash Flow:
£100K - £250K

Extraordinarily profitable (ADJ. OWNER'S PROFIT c.£151,700), exceptionally well located, ultra-prime CITY OF LONDON based express convenience store located in the heart of London's West End (Covent Garden).

Key Investment Highlights:
• Ground floor sales area approximately 350sq ft - easily manageable by one person.
• Average W/T c.£10,500-£11,000.
• Exceptionally high gross profit margin of approximately 43%.
• Perfect for husband & wife team. Ultra upmarket, wealthy location.
• Exceptionally high annual net profits for the owner with a long track record of consistently strong six-figure earnings.
• Substantial basement storage with private owner's office.
• Full financial accounts including net profit and P&L statements available to qualified buyers upon viewing with the vendor.

The highly cash generative nature would particularly suit investors looking to compliment an existing portfolio of potentially highly leveraged assets such as hoteliers, restaurateurs, portfolio property investors or indeed owners of large financial portfolios. The high earnings and the resulting large free cash flows means the business can fund further investments.

Heads of Terms and Purchase Agreement have now been prepared by vendor's legal advisor and will be made available to the buyer's solicitor in due course.

Note: Offers without sufficient proof of funding will not be considered. Proof of funding required before detailed discussions can take place.

If interested please contact the seller through the form on this page.

Disclaimer:
CONDITIONS OF THESE PARTICULARS These sales particulars are prepared as a general guide to the property (which expression includes business and trade content, if any, included in the sale) for the convenience of a prospective purchaser (an “Acquirer”) and are intended for business people familiar with commercial transactions. If you are not sure that you fit this description you should take relevant independent advice before proceeding further. Take notice that: (a) these particulars are made without responsibility on the part of the Seller; they do not obviate the need to make appropriate searches, enquiries and inspections, nor do they constitute any part of an offer or contract, and statements herein are not to be relied upon as statements or representations of fact; any Acquirer must satisfy themselves, by inspection or otherwise, as to their correctness and any error, omission or mis-description therein shall not affect or annul the sale or be grounds for rescission or compensation; (b) the Seller does not make or give, and neither any of their employees has any authority to make or give, any representation or warranty whatsoever in relation to the properties; (c) dimensions (where given) are approximate and should be verified by an Acquirer. These details were believed to be correct at the date of publication but their accuracy is not guaranteed. Subject to contract.

If interested please contact the seller through the form on this page.

Property information

Property:

Leasehold

Location:

Covent Garden (West End) based in Central London / City of London. United Kingdom

Super prime location in the heart of London's West End (affectionately known as Theatreland). The business enjoys exceptionally high footfall and industry leading gross profit margins due it's prime location in the much sought after City of London, UK.

Premises Details:

Shop floor approx 350 sq ft with substantial basement level storage and private owner's office. Situated in a beautifully maintained parade of shop properties with high end elite retailers and restaurants as nearby neighbours which compliment the business and drive footfall.

Size in square feet:
Approx 350sqft.

Business Operation

Competition / Market:

Local monopoly with no other immediate competition on the parade.

Years established:
Est 2003

Other Information

Support & training:

It is anticipated skilled and established retailers or business people will acquire the business. However, the vendor will facilitate a period of training and support to allow the incoming party to settle in and enjoy continuity of business.

Contact Information

    1. Your Address

    2. Optional
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