Newsagents for sale in London

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Off Licence- London

London, England

  • Leasehold Price: £15,000  Price Reduced arrow_drop_down
  • Annual Turnover: £260,000
Seller Reference: KBT47601
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Business Description
 
 
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Seller Reference: KBT47601
Request Details
Business Description
• Busy central London location with heavy footfall
• Income c. £5,000 - £5,500 per week with high GP
• Limited trading hours though choice - A3 licence available
• Owner run/ Retirement sale

Ref 47601. Well established off licence, convenience store & newsagent situated in prime Central London location with heavy footfall. Close to St Pauls Cathedral. Turnover c. £5k - £5,500 per week with high gross profit margins. Open Monday to Friday through choice. Owner run. Viewing advised. Leasehold

St Paul’s Tobacco is a well-established, traditional newsagent and convenience store located right in the heart of Central London, within easy reach of St Paul’s Cathedral.

The business benefits from heavy passing footfall during the day and is situated amongst other independent retailers along with a number of food and drink led establishments.

Both St Pauls and Blackfriars underground train stations are within approx. 0.3 and 0.5 miles away.

The business is only open Monday to Friday through choice and stocks a good selection of every day goods along with beers, wines, spirits, newspapers and magazine titles.

We have been advised that the business generates an income in the region of £5,000 to £5,500 per week with good gross margins plus additional commissions from Collect Plus.

We have been advised that the business has been run under the current ownership since approx. 2007 and is now only being offered for sale due to our clients wish to retire.

Given the location this is an ideal purchase for a young and energetic family who can maximize the profits or an existing operator who is looking to expand in to a prime Central London location.

There is an A3 licence available which would allow for further srvices to be provided to increase turnover.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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