Convenience Store for sale

NEWSAGENT SOUTHEAST LONDON REF 24282


£150,000
S.O.A.

Description


Location: An excellent opportunity to take over this business as Newsagent and general store.
The shop is on a corner position with a basement storage facility.
Located near to London Bridge station, having theatre, hospitals, offices, and schools near to the shop popular with the residents serving in the area.
An opportunity to acquire this business with the potentials to grow the business by adding off-license and lottery and bus pass.

Overview: The shop runs the business as News Agents, General store is situated in the central location and NO Nearby Business Competition!
The shop has the potential to start off-license, oyster, lottery the current vendor was not selling these items because of his religious belief, an add coffee machine, coffee table outside which would increase the footfall in the shop and increase shop turnover and business margins.
The shop is in a fairly good condition just needs a bit of modernization, has fitted CCTV cameras and Security system.
The size of the shop is 350 sq.ft approx and basement storage area of 300 sqft approx.
The business needs full-time management to make maximum business profits.

Turnover: £9,000 P.W.
Rent: £19,000 P.A.
Rates: £1200 P. A.

Timings:
07:00AM to 12:00AM (Midnight) due to current Covid scenario.
The shop as permission for being run 24 hours and 7 days.

Financials and Price: The business is marketed for £150,000 plus Stock as per valuation, it includes the goodwill, fixtures & fitting.

Tenure: Lease under the Land Lord Tenant Act for 15 years and rent review every 5 years.

Call BTC for further details and appointment for viewing: 020 8889 7474 or email us on commercial@btcint.com

Categories

Convenience Stores
Property reference
CP987241_24282