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News Agent Convenience Store In North London Ref No 21318 For Sale

Enfield, UK
Asking Price:
£225,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

An opportunity to acquire an established News agents/Convenience Store, trading for over 21 years in the same hands. Due to the limited trading hours it poses an excellent opportunity for business growth, potential to add off license, coffee machine and new lines of business, need full time management.

Overview: Situated on a busy road on a high street in a shopping location, attracts passing trade, having visibility on the main road. This business has been owned by the vendor for years and there is a broad customer base with good customer relations there to attracting a strong goodwill. The business Turn Over can exceed beyond £20000 a week, with off license introduction and adding new lines business.

The shop is fully fitted with Electric shutters and CCTV camera acquiring 450 sq.ft approx of floor space and storage of around 150 sq.ft with sliding shelfs and a office space of approx 50 sq,ft at the rear of the shop. Also, there is a dedicated car parking in the car park for 4 days for the oncoming vendor.

Weekly T/O £20000 (Included all below)
Lottery £2000 P.W
Oyster £3000 P.W
Cigarette £4000 P.W
News Bill £1600
Western union Commission: £1000 p.m
UPS Commission: £160 p.m
Cyber cafe (Printer) commission: £200 p.m

Rent: £24000 P.A
Rate: £9000 P.A

Timings: From Monday to Saturday 6.30 A.M - 06P.M and Sunday -.--.-.- - 02 P.M.
Potential To extend the working hours which will help to increase the sales even further.

Tenure: Leasehold (Trust lease): 12 years remaining, under Landlord Tenancy act

Financials and Price: The business is marketed for £------ plus stock. It includes the goodwill, fixtures & fitting.

Tenure: Leasehold

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