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NEWSAGENT/OFF LICENSE/EAST LONDON/REF NO: 24963
Location: An opportunity to acquire an established Newsagents/Convenience Store, trading for over 20 years in the same hands. A running business on a prominent location on a parade near to the bus stop, residential areas, pedestrian location on the parade with lots of parks and schools around and regular fixed clients in the area.
Overview: A well-maintained shop with all fittings and fixtures, CCTV cameras, and Security system.
The Shopfloor area is 900 sq.ft with a storage of 200 sq.ft, and basement of 300 sq.ft, There is a Tremendous Potential of increasing business by adding Asian Groceries, Vegetables, PayPoint, cash machine, bakery products, and Coffee Vending machine
Shop T/O: 6,000 p.w.
Oyster: £2,000 p.w.
Lottery: £1,000 p.w.
Cigarette: £1000 p.w
Rent: £18000 p.a.
Rates: £3360 p.a
Timings: Trading all seven days, opening hours from 7.00 a.m. to 11.00 p.m.
Lease Tenure: Lease remaining for 10 years with rent review every 5 years, renewable lease.
Financials and Price: The business is marketed for £50,000 it includes the goodwill, fixtures & fitting.
Stock as per actual.
BTC to be retained call us further details and appointment for viewing: --- ---- ----
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