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NEWSAGENT/OFF LICENSE/SOUTH WEST LONDON/REF: 24959
Location: Well-established business for the last 16 years in southwest London. An opportunity to acquire this business with the potentials to grow the business.
The Shop is situated on the parade, having bus stops near to the shop, residential areas, with free parking on off-street.
Overview: The shop runs the business as News Agents and General store having a corner position on the parade.
They do paper round for 100 flats and 10 office and has a good sale of magazines.
The shop has outside space which could be used for the sale of vegetable, fruits increasing the business.
The shop can be converted as convenience and off-license store can add coffee machine, cash machine which would increase the footfall in the shop and increase shop turnover and business margins.
The shop needs a few fit-outs and decor shop has fitted CCTV cameras and Security system.
The size of the shop is 620 sq.ft and storage area of 170 sqft approx.
The business can have extended hours and needs full-time management to make maximum business profits.
Turnover: £4,500 P.W.
Plus Oyster: £2800 p.w.
Lottery: £2800 p.w.
Pay zone: £500 p.w
Rent: £12,500 P.A.
Rates: Small Business Rates Relief.
Timings: Monday to Sunday from 06.00 A.M to 9.00 P.M,
Financials and Price: The business is marketed for £65,000 Plus Stock as per Valuation.
it includes the goodwill, fixtures & fitting.
Tenure: New lease for 15 years and rent review every 3 years under the Land Lord Tenants Act.
Call BTC for further details and appointment for viewing: --- ---- ---- or email us on [email protected]
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