Convenience Stores for sale in London

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Mrs Herbert (Nov 2017)
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Leasehold Price: £150,000 Price Reduced Annual Turnover: £936,000
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Business Description
• High turnover newsagents with potential for future growth
• Average weekly sales £18,000 plus high commission income
• Prime position within an extremely busy shopping centre
• Substantial passing trade / spacious sales area

Ref. 42995 High turnover leasehold newsagents which is situated within an extremely busy shopping centre. Weekly sales average around £18,000 and we have been advised commission income is approaching £100,000 p/a. There’s potential to increase sales by introducing convenience lines and possibly extending the sales area and opening hours. Leasehold

Stratford Centre is a shopping Mall in Stratford, London and was opened 1974. The centre has open access 24 hours a day as it is a Public right of way although most of the shops close at night. It is situated opposite the busy Stratford Railway Station and the bus station where many people use it as a cut-through between the stations.
The subject business enjoys a prominent trading position with other nearby businesses including Card Factory, Body Shop, Clarks, Macdonalds, Superdrug, Holland & Barrett and Costa Coffee.
The current owners acquired this business in November 2007 and are now only looking to sell due to their wish to retire. The rectangular shaped sales area is well presented with modern fixtures and fittings giving an overall impression of a clean modern business. The customer base comprises of a broad mixture of business people working in the area and substantial passing trade.

Summary. The sale of Shuklas provides buyers with an excellent opportunity to purchase a successful, very busy and relied upon business which benefits from a prominent trading position, within an extremely busy shopping centre.. This opportunity is worthy of your earliest attention.
Tenure: Leasehold

Listed by: Kings Business Transfer
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