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NEWSAGENT/CONFECTIONERS WITH UPPER PARTS/EAST LONDON/REF: 24958
Location: Long well-established business in EAST LONDON. An opportunity to acquire this excellent shop with a two-bedroom flat upstairs. The Shop is situated on the main road in a parade, near to the Underground station, bus stop, banks and commercial areas, pedestrian corner location on the parade with parking around and regular fixed client in the area.
Overview: Single fronted shop with 2 bed flat above with a separate entrance to the flat from the shop with a car park. The 2 bedroom flat itself fetches an income of £870 p.m
A well-maintained shop with CCTV cameras and Security system. The shop size is 500 sq.ft plus storage area of 200 sq. approx.
The business have easy working hours and a profit margin of 50%, the business has the tremendous potential and can be further grown by adding business hours, Alcohol, Groceries, Vegetables, Fruits, coffee machine, parcel services, and paper rounds.
Shop T/O £9,500- 10,000 p.w. (Gross Sale)
NewsBill: £800 p.w
Oyster: £5,000 p.w.
Lottery: £450 p.w.
Cigarettes: £1000-£1500 p.w
Rent £24,000 p.a.
Rates: £5500 p.a
Timings: Monday to Saturday from 06.00 A.M to 5.30 P.M, Sunday from 6.30 A.M to 1.30 P.M
Financials and Price: The business is marketed for £60,000 it includes the goodwill, fixtures & fitting. Stock as per actual.
Tenure: Renewable lease with 2 and half years Lease remaining.
BTC to be retained call us further details and appointment for viewing: --- ---- ----
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