| (REF: 2031) Newsagent and Convenience Store in Enfield, London |
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| Seller Reference: |
2031 |
| B4S Reference: |
22083 |
| Asking Price: |
£39,000
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| Net Profit: |
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| Sales Revenue: |
£130,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Enfield, North London, United Kingdom |
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Preferred Commercial is pleased to offer for sale this newsagents and convenience store, which was established in 1940 and has been operated by our client since 1989. The business is only now offered for sale due to our client's wish to retire. Abbott's News currently provides newspapers and magazines along with a range of greetings cards and groceries. Our client also supplies National Lottery tickets and Pay Point services. The business generates a turnover in the region of £130,000 per annum with a gross profit of 20%. We feel there is huge scope to expand the business by increasing the range of groceries and, perhaps, introducing alcohol sales, subject to necessary consent. The new owner could, if desired, also improve turnover by establishing newspaper and magazine deliveries within the local area. This is an ideal opportunity to acquire an already profitable retail premises in a busy main road location, which has huge scope for expansion. Early discussions with Preferred Commercial are highly recommended.
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Property: |
Leasehold |
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Lease Terms: |
Leasehold
New lease to be negotiated
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Living Accommodation: |
No |
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Details of Accommodation: |
Ground floor lock-up retail premises. Briefly comprising:
Ground Floor
• Main sales area with shelving and racking to perimeter walls, National Lottery stand, confectionery display, magazine and newspaper display, ice cream freezer, drinks chiller and serving counter with electronic cash register
External
• Storage shed to rear
• Ample car parking in the vicinity
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Location: |
Abbott's News occupies ground floor lock-up premises ideally located on a busy main road in Enfield, London. The business enjoys a prime trading position and is surrounded by a wide range of complementary shops and businesses. Set within a densely populated residential area, the premises are based on a bus route and there is ample free car parking in the vicinity. Enfield railway station is within easy walking distance. The business has good access to the A10, which leads directly to junction 25 of the M25 motorway approximately 3 miles to the north. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon - Tues: 7.00am to 6.30pm
Wed: 7.00am to 7.30pm
Thurs: 7.00am to 6.30pm
Fri: 7.00am to 7.30pm
Sat: 7.00am to 7.30pm
Sun: 7.30am to 4.30pm
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