News agent/Convenience Store for sale in Enfield Ref No: 21318
An opportunity to acquire an established News agents/Convenience Store, trading for over 20 years in the same hands. Due to the limited trading hours it poses an excellent opportunity for business growth, potential to add off license and new lines of business, need full time management.
Overview: Situated on a busy road on A110 in a shopping location, attracts passing trade, having visibility on the main road. This business has been owned by the vendor for years and there is a broad customer base with good customer relations thereto attracting a strong goodwill. The business Turn Over can exceed beyond £30000 a week, with off license and introduction of new lines.
The Premises: Potential for adding Off Licence and long hours
Weekly T/O £30000 Lottery £ 3500 P.W Oyster £ 6000 P.W Cigarette £ 5000 P.W
Western union £ 900
UPS £ 50 News Bill £ 1600
Lease: 8 Years remaining
Rent: £ 25000 P.A Rate: £ 9000P.A
Timings: Opening hours From Monday to Friday 08A.M – 06P.M and Saturday 8.30A.M to 06.00 P.M, Sunday 08.A.M – 02P.M.
Financials and Price: The business is marketed for £225000 plus stock. It includes the goodwill, fixtures & fitting.
Tenure: Leasehold 8 years remaining