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Newsagent Confectioners With Upper Ref: 24973 For Sale
Location: Long well-established business form the last 20 years in West London. An opportunity to acquire this excellent shop with a three-bedroom flat upstairs. The Shop is situated on the main road on a high street, near to the Underground station, bus stop, banks, and commercial areas with parking around and regular fixed client in the area.
Overview: An opportunity to acquire shop and upper part as three bedrooms flat with separate entry being rented out for an income of £14,400 P.A. The shop currently is trading as Newsagent and general store. The size of the shop is 752 sq.ft and storage area of 140 sqft approx. The shop consists of CCTV, security system, electric shutters, and freezers. In need of modernization.
Potential: To add Groceries, fresh fruits, vegetables, bakery, cash machine, pay point, Coffee machine and new business line to boost the sales.
Turnover: £8000 P.W. (Gross)
Oyster: £400 P.W
Lottery: £1200 P.W
Cigarettes: £3000 P.W
Rent: £30,500 P.A.
Rates: £8040 P.A.
Timings: Monday to Saturday from 5.00 A.M to 10.00 P.M,
Sunday from 6 A.M to 10.00 P.M
Financials and Price: The business is marketed for £75,000 it includes the goodwill, fixtures & fitting. Stock as per actual.
Tenure: Renewable lease, 12 years lease remaining
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