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NEWSAGENT/EAST LONDON/REF: 24281
Location: Well-established business for the last 20 years in east London with the current vendor for the last seven years. The shop is with the upper part as a large one bedroom flat above which can be rented. An opportunity to acquire this business with the potentials to grow the business by adding off-license and stationery. The Shop is situated on the parade, having bus stops near to the shop, residential areas, with free parking on off-street and back alleyway.
Overview: The shop runs the business as News Agents, General store and DIY is situated in the center of the parade, the shop can be converted as a convenience and off-license store add coffee machine, cash machine which would increase the footfall in the shop and increase shop turnover and business margins. The shop has been recently done with the few fit-outs and décor, has fitted CCTV cameras and Security system new electric shutter. The size of the shop is 800 sq.ft and storage area with rear exit. The business can have extended hours and needs full-time management to make maximum business profits. The flat above is used by the vendor for self accommodation which can be rented for £1250 per calendar month. The shop has the potential to add off-license, increase the working hours and can extend the shop at the rear.
Turnover: £3,000 P.W. plus Oyster: £1500 p.w. Lottery: £500 p.w. Cigarette £600 p.w
Rent: £15,000 P.A.
Rates: £2600 P. A.
Timings: Monday to Saturday from 08.00 A.M to 7.00 P.M,
Sunday from 10.00 A.M. to 04.00 P.M.
Financials and Price: The business is marketed for £75,000 plus Stock as per valuation. it includes the goodwill, fixtures & fitting.
Tenure: Lease under the Land Lord Tenant Act for 20 years and rent review every 4 years.
Call BTC for further details and appointment for viewing: --- ---- ---- or email us on [email protected]
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