Newsagents and Convenience Store in Romford
Price:
Leasehold - £144,950
Location:
Essex , Greater London, Romford
Business Type:
Retail businesses
Preferred Commercial is pleased to offer for sale this popular newsagents, which was established in 1970 and which has been in our client's hands since 1995. The shop is only now being offered for sale due to our client's other business interests. The shop generates a turnover in the region of £312,000 per annum with a gross profit of 20% derived from the sale of traditional CTN lines along with a range of convenience items, beer, wines and spirits, lottery sales, bus passes and Western Union money transfer. The business boasts an excellent reputation with many loyal, regular customers. There is scope for a new owner to expand the range of convenience items stocked and perhaps extend the opening hours. We feel this is an ideal opportunity to acquire a thriving newsagents in such an ideal location. Early discussions with Preferred Commercial must come highly recommended.
Gidea Park News is ideally located on a prime suburban road surrounded by a densely populated residential area in Romford, Greater London. The business occupies a prominent corner location and benefits from a high footfall and much passing traffic. This affluent area is popular with commuters and boasts good schools. The newsagents is adjacent to Gidea Park railway station with trains to Liverpool Street station and Shenfield. The business benefits from good road links with junction 28 of the M25 motorway approximately 3.5 miles away.
Leasehold
Original length:15 years
Remaining: 15 years
Review:every 4 years
Rent:£16,500 per annum
Mon - Fri: 5.00am - 7.30pm
Sat: 5.30am - 7.30pm
Sun: 6.00am - 3.00pm
Ground floor lock up retail unit situated on a prominent corner site adjacent to railway station. Briefly comprising:
Ground Floor
• Double fronted corner customer entrance
• Spacious open-plan sales and display area fitted to suit trade with high quality modern fixtures and fittings, various fixed and free standing display shelves, refrigerated and frozen display cabinets, greeting card racks, ATM, retail counter with cigarette gantry, alcohol display shelving, Lottery terminal and electronic cash register
• Store room
• Office
• Kitchen with a range of fitted cabinets
• WC
External
Garage
North Yorkshire
£ 750,000
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