Newsagents for sale in Romford

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Romford, London, England

  • Leasehold Price: £249,999
Seller Reference: N6306E
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Business Description
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Seller Reference: N6306E
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Business Description
TRADITIONAL CTN occupying a PRIME TRADING POSITION that is PART OF A SHOPPING CENTRE benefiting from being surrounded by MAJOR RETAILERS and close to the FAMOUS MARKET - ROMFORD. The business has been ESTABLISHED OVER 25 YEARS and operated under the SAME OWNERSHIP FOR 10 YEARS which has come to market with a GENUINE REASON FOR SALE. Takings on the last set of accounts show a turnover in excess of £34,000 PER WEEK with approximately £19,000 per week from shop sales and £15,000 per week from Lottery, Oyster, Payzone etc. We are advised a new secure lease will be made available at a current rental of £36,000 per annum exclusive plus VAT and business rates payable of £22,000 The business has HUGE POTENTIAL to further increase revenue and profits by extending the opening hours (currently closing at 6.30pm), introducing convenience lines and Off Sales. Rarely does a business in this sector with this volume of weekly sales become available, so an EARLY VIEWING IS ADVISED.
Listed by:
Bradleys Countrywide
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