Hilton Smythe welcomes to the market Sanjay General Store. Established since 2006 this thriving newsagents and convenience store is very well supported by local residents and generous passing trade.
The store is well laid out with ample space providing a good range of stock including newspapers/magazines, greeting cards, tobacco, confectionery, lottery, sandwiches, cold drinks, fresh meats, diary, grocery goods, household goods, stationery , cleaning products, home baking products,toiletries, loose sweets, giftware , fresh bread and rolls, alcohol, ice cream and western union services.
The store generates a handsome turnover of £156,000 for this financial year with a gross profit at circa 25%. The business derives a good weekly income from news sheets, with 3 delivery rounds in the area and Lottery sales. A new owner may wish to look into expanding the delivery service to further income or extending opening hours.
We believe the size of the premise lends to further product lines or services being introduced, perhaps parcel collection or even apply for a post office counter.
Early viewing of this established turn key business opportunity is highly recommended.
Sanjay General Store is located in Hornchurch, in the London borough of Havering.
The business occupies a prominent corner trading position on the arterial commuter road A124. The store sits in a busy retail parade and within a large residential area and on a busy bus route ensuring heavy footfall and passing traffic.
Corner premise with vibrant signage and blue façade, highly visible to passing trade.
Retail area with long service counter includes ice cream freezer, large open chiller, central shelving, 2 separate drinks chillers and rear glass topped freezer unit.
Fully shelved stockroom.
Potential terrace for chairs and tables
Ample parking in the area.
We are advised Leasehold
The original lease length is 10 years
As of 2016, 6 months remain on the lease.
Review period 5 years
Rent £12,000 per annum
The business opens:-
Monday to Saturday 6.00am – 7.00pm
Sunday 6.00am – 1.00pm
The business is owner run and managed.
The store generates a handsome turnover of £156,000 for this financial year.
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