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Off License And Newsagent In East London For Sale

East London, London
Asking Price:
Sales Revenue:
Available on request
Cash Flow:
Available on request

Off license/news agent/post office/east london/ref no: 24920
Overview: A good running business with three-bedroom accommodation above with separate entrance which is under rented. Prominent commercial and residential pedestrian location near to overground station and bus stop with a lot of footfall, business well established for the last 15 years, making a retirement sale leaving a fixed client base with goodwill in the area. The shop has a main serving post office. Opportunity to increase business by adding newspaper round, magazines, Parcel service, Money Exchange, Fresh vegetable, fruits, Bakery and new lines of business.
The Premises: Newly fitted last year, well-maintained shop, CCTV, security system electric shutter, new chillers. The shop is double fronted having a floor area of 1500 Sqft plus large storage area, garage, and 2 car parks on the rear of the shop.
Income:Sale from shop £16000 to £19000 P.W., Commission from post office £2500 P.W., Rental income from flat above £950 P.M. which is under rented can achieve £1300 P.M.
Rent: £33500P.A.
Rate: £6000P.A.
Timings: Monday to Saturday from 08.00 A.M to 08.00 P.M.
Sunday 10.00 A.M. to 05.00 P.M.
Financials and Price: The business is marketed for £190,000 it includes the goodwill, fixtures & fitting.
Stock as per actual.
Tenure: Lease remaining for 06 years with rent review every 5 years, renewable lease.
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