Well-established business for the past 13 years in southwest London. An opportunity to acquire this excellent shop with potentials to grow the business. The Shop is situated on the main road in a parade, near to the Train station, bus stop and residential areas, with parking on off-street and regular fixed client in the area.
The shop runs the business as News Agents and General store having a prominent position with lots of passing trade, the shop has the storage at the rear of around 120 sq.ft approx. and the storage at the upstairs level of around 400 sq.ft approx. The shop size is 1350 sq.ft as shop floor approx. it's a well-maintained shop with CCTV cameras, epos, automated doors, electric shutters, and Security systems.
The business has the potential to add vegetables, fruits increasing the business, add coffee machine, Bakery products, pay point, paper rounds, parcel services which would increase the shop turn over and business margins.
Turnover: £23,000 P.W. (Nett)
Paypoint: £100 commision p.w
Buspass: £9,000 p.w
Lottery: £1000 commission p.w.
Rent: £59,000 P.A.
Rates: £25,000 P.A.
First-floor used as an office, rented for £22,000 P.A
The mobile counter inside the shop rented for £6,000 P.A
Timings: Monday to Saturday from 06.00 A.M to 10.00 P.M,
Sunday from 8.00 A.M to 10.00 P.M
Financials and Price: The business is marketed for £300,000 it includes the goodwill, fixtures & fitting. Plus Stock as per valuation.
Tenure: Leasehold : New 10 years lease, remaining 9 years and rent review every 5 years under the Land Lord Tenants Act. (Renewable lease)
Call BTC for further details and appointment for viewing: 020 8889 7474 or email us on firstname.lastname@example.org