Newsagents for sale in Romford

View the "TRADITIONAL CTN" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

TRADITIONAL CTN

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.
Tenure:
Leasehold
Listed by:
Bradleys Countrywide
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