Newsagents for sale

View the "Karan Roman News London E3 5QR." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Y. MacGregor (Nov 2017)
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Leasehold Price: £81,000 Turnover: £291,000 Gross Profit: £246,000
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Business Description
Karan Roman News is a traditional family run newsagents which has been successfully owned and run by our clients for over 20 years.

It is a very well presented shop in an ideal location selling a large variety of convenience goods such as everyday groceries, newspapers, magazines, sweets and also benefits from an alcohol licence. In addition revenue is also generated they also provide bus passes which generated circa. £8,000 per week.

Increasing advertising would gain the business a greater level of exposure which in turn will generate a higher turnover, also providing paper rounds and introducing Lotto could benefit the business

The business is ideally located along the Roman Road, off Kenilworth Road in Bow, which is within the London Borough of Tower Hamlets which covers much of the traditional East End.

There is paid for street parking closeby and Mile End tube station is a short walk away providing travel within the District & Hammersmith & City and the Central lines.

This newsagents is located on the corner of Kenilworth Road and Roman Road in Bow, providing a steady flow of footfall from customers to and from the tube station.

As you enter the shop you are greeted with an impressive selection of goods to choose from which are located along the walls with a separating unit located in the middle of the store.

To the rear of the shop is the counter which houses the till system and beyond here is the kitchen area which leads to the storeroom.

There is a courtyard garden which provides secure parking for one vehicle.
Above the newsagents is a one bedroom apartment which is accessible from the kitchen behind the shop.

● Till system
● 4 X CCTV
● Double chiller display unit
● Drinks Chiller display unit
● Chest freezer
● Double freezer display unit
● Racking
● Microwave
● Oven

This business is a leasehold opportunity with 15 years remaining from the original 16.

Rent: £23,750 pa

Rates: £3,500 pa

Monday - Saturday 7am-10pm
Sunday 8am - 10pm

Both our clients are staffing the business.

Financial Profile
Turnover: £291,000

Gross Profit: £246,000

Assets: £5,000

Tenure: Leasehold

Listed by: Hilton Smythe

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