Newsagents for sale in City of London

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 Daltons offered a simple, low-cost and effective way to advertise our business for sale to a wide audience.  

David Binder (Nov 2017)
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Leasehold Price: £45,000 Turnover: £250,000 Gross Profit: £95,000
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Business Description
Business
Hilton Smythe are pleased to offer for sale the lease of Sachin Express newsagents.

The current owner has a number of stores and wants to concentrate on spending more time with his family, hence the reason it is coming onto the market.

The business is an off licence and general convenience store. It stocks wines, beers, spirits and tobacco along with confectionary and snacks.

Additionally, Sachin Express stocks groceries, household items as well as gifts and cards.

There is PayPoint and national lottery.

We believe the store could benefit from generating a social media audience to further introduce new customers.

Location
Sachin Express is located within a parade of shops near Hammersmith in south west London.

It is situated on a main road with Charing Cross Hospital nearby and close to the River Thames and the Wetland Centre.

Brentford, Richmond and Wimbledon are all within easy access as is Central London.

A bus stop sits just outside the shop offering several routes and easy access to other areas.

Premises
Shop fronted premises. Entering the store there is a service counter to the left with tobacco and spirits behind and confectionary to the front.

Mostly stocked to the sides with soft drinks, alcoholic beverages and general confectionary and snacks along with household items. There is a small selection of fresh fruit and vegetables and bakery goods.

To the rear of the store is a stock and store room and a separate staff WC.

Assets to be included within the sale is all of the refrigeration units (2 large open freestanding and two smaller freestanding) All store racking, till and countertop.

Stock to be agreed separately at point of sale.

Tenure
The business has a 25 year lease with 13 years remaining.

We are advised that the rent payable is £18000 per annum and business rates payable are £8000 per annum.

Hours
Opening hours
6.30am until 11.00pm Monday to Saturday
8.00am until 10pm Sunday

Staff
The business currently runs with two members of staff.

Financial Profile
We are advised that the business is currently turning over approximately £250,000 per annum with a gross profit of around £40,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04192
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