This is a traditional family run newsagents which has been owned and run by our clients for 14 years.
It is a well presented shop in an ideal location selling a large variety of convenience goods such as everyday groceries, newspapers, magazines and confectionery.
They also provide other services generating an advised monthly profit such as; the lottery £400, cash machine £50, Oyster Card £2,000, Hermes £2,000, Advertisements £225 and Payzone £50.
Scope to Improve
• Apply for alcohol licence
• Introduce paper round
• Advertising and marketing campaign, perhaps a leaflet drop locally
• Maximise the use of social media
• Website to extol the products and services offered
• Extend the opening hours
• Introduce fresh fruit and veg or flowers and plants.
Reasons to buy
• Ideal owner managed or husband and wife business
• Offers a real opportunity to increase turnover significantly
• Prime trading position
• Low running costs with inexpensive rent and no business rates.
• Priced to facilitate a quick sale
Hilton Smythe highly advise early viewing to avoid disappointment. This great little business is likely to attract considerable interest.Location
This newsagents is located along Woodgrange Road, Forest Gate in London.
Forest Gate is a residential district in East London in the London Borough of Newham which lies on both sides of the boundary between West and East Ham.
The area lies roughly 7 miles Northeast of Charing Cross and is bordered by Manor Park to the East and Stratford town centre to the west.
Forest Gate is 1.5 miles East of Westfield Stratford City and the 2012 Olympic Park. The Northern half of the busy Green Street runs through it.
London Sweets and Groceries is located opposite the Forest Gate train station which is on the Great Eastern mainline calling at stations such as Liverpool Street, London Bridge and Shenfield, which provides a steady flow of footfall from commuters, plus it’s also ideally positioned for the local residence to restock.
There is also convenient metered parking around the corner to the shop.Premises
The business occupies the ground floor of a mid-terraced building and briefly comprises;
Windows and glazed door to front creating a light airy interior.
Generous store which has been cleverly designed to maximise the space available, tiled floor, perimeter shelving, greeting card racking, ice cream chest freezer, crisps and snack racking, ATM machine, three double glass fronted drinks chillers, long counter with till, Lotto and PayPoint terminals and cigarette gantry behind.
The business is secured with shutters and they operate an 8 camera CCTV system with 2 monitors.
Compromising of sink, oven and shower area.
A generous stockroom with perimeter shelving and floor storage space.
There is a staff toilet with hand wash basin.Tenure
We are advised that London Sweets and Groceries is being sold as a leasehold business opportunity, with a new 15 year lease with and annual rent of £30,000.
We are advised that the business benefits from being exempt from business rates.Hours
Monday - Saturday 6.00 am - 10.00 pm
Sunday 8.00 am - 10.00 pmStaff
The business is run and managed by our clients who are a partnership team.Financial Profile
London Sweets and Groceries generates an advised current turnover of approximately £80,000 as per the 2017 accounts.