| (REF: 1010N) Newsagent & Convenience Store With Potential |
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| Seller Reference: |
1010N |
| B4S Reference: |
25843 |
| Asking Price: |
£665,000
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| Net Profit: |
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| Sales Revenue: |
£416,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
60 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Undisclosed, North London, United Kingdom |
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HISTORY
Established over 60 years ago as a post office and store
Acquired by vendors 27 years ago
Post Office closed 3 years ago
Fully refurbished in 2003 at a cost of circa £50,000
Range of good and services broadened in response to customer demand
Very much at the heart of a delightful urban village
REASON FOR SALE
Retirement
PRODUCTS
Extensive range of newspapers and magazines
Non alcoholic beverages
Snacks
Ice cream
Sandwiches and baguettes
Confectionery
Cigarettes
Giftware
Greetings cards
Phone cards
Stamps
Medicines
SERVICES
National Lottery
Payzone
Colour photocopying
Cash machine
Bus passes
Newspaper deliveries (5 morning rounds)
CUSTOMERS
High level of passing and walk in trade
Local population with high ratio of regulars
Bus passengers
SUPPLIERS
Goods sourced from traditional trade wholesalers and suppliers
STRENGTHS
Superb location in busy and densely populated urban community
Close to excellent and sought after local school
Thriving area with significant daily footfall
Demonstrable weekly takings of £8,000
Favourable overheads
Rental and commission income
Freehold opportunity
FREEHOLD OR LEASEHOLD AVAILABLE
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
A traditional parade shop with adjacent owners accommodation (available with freehold only)comprising briefly:
o Long sales counter with electronic point of sale system and National Lottery terminal
o Racking and shelving appropriate to trade
o Cigarette gondola
o Chilled drinks/cold food display cabinets
o Store room to rear with kitchen facility
o WC
o CCTV
o Alarm
First floor flat comprising briefly:
o Kitchen
o Living room
o Family bathroom
o 2 double bedrooms
o 1 en suite shower room |
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Location: |
Prominently sited shop in a parade of complementary businesses and with cafι adjacent
Densely populated, affluent, leafy suburb with excellent schools very close by
Unrestricted street parking with post box outside; close to tube station
Flat with separate access next door to the shop |
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Introduction of additional products and services particularly convenience goods, frozen foods, flowers and groceries
Potential for alcohol sales
Refurbishment, including extension of sales area, to incorporate former Post Office counters
Conversion of existing 3 bed room flat into two smaller units
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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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Monday to Friday 5.30am to 7pm (7.30pm Wednesdays & Saturdays)
Sunday 6.30am to 1.30pm |
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Vendors (husband and wife)
2 part time staff members (1 full time equivalent)
Casual paper delivery staff
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