Significant local market and no immediate competition
Advised takings currently £8,000 per week
Rent £19,000 per annum plus service charge £1,200 per quarter
Long Terms plans locally for further development
Short Trading hours – Monday - Friday
Already profitable but potential as a convenience store operating longer hours
Back on the market and with a reduced price due to personal reasons of the vendor *and time wasters) EM&F are delighted to offer again for sale a leasehold five day newsagents business based in Docklands, East London.
When this was sold in 2014 to the current owner the store proved immensely popular and since then the ownership of the site has changed. Note that the lease is outside the Landlord and Tenant Act and this is reflected in the business price.
Although the business currently operates profitably as a newsagent, there is scope to convert this very well located outlet into a convenience store as there is currently considerable unsatisfied demand for more convenience items locally.
The lock-up leasehold premises are located on the ground floor with the double fronted glazed exterior and with a current sales area of some 660 square feet. Internally the premises has modern shelving with a central isle and counter to the rear. There is potential to increase the internal sales area to nearly 900 square feet with some changes to internal walls.
The full range of equipment includes two EPoS till positions, 2 free standing gondolas, a drinks chiller (on loan) 2 upright double door fridges and an ice cream freezer. The premises has CCTV, is fully alarmed and air conditioned and there is an internal cash dispenser.
Benefiting from the busy surrounding office area the business currently sells a large range of newspapers and magazines, greetings cards, tobacco products, sweets, ice creams, soft drinks and a small selection of convenience products. There is also a coffee machine.
The business also has the National Lottery
Price: £45,000 are invited for the leasehold, fixtures and fittings, goodwill plus SAV.
This is a confidential sale and viewings may only be made through sole agents Everett Masson & Furby
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