NEWSAGENT / CONVENIENCE STORE FOR SALE IN RICHMONDEngland, London, Richmond
Leasehold Price: £149,950
Unopposed profitable established prime location NEWS, CONFECTIONARY, TOBACCO, GREETING CARDS, FULL FREE OFF LICENCE, NATIONAL LOTTERY, OYSTER, combined with a DRY CLEANING RECEIVING SHOP!
SPACIOUS DOUBLE FRONTED SALES SHOP approx 700 sq.ft sales area. Magazine Kleerex display shelving, 2 upright double door drinks display fridges (1 on loan from Coca Cola), upright single door drinks fridge (owned), counter, electronic cash register, CCTV system with 8 cameras, 2 monitors, Rug Doctor Carpet rental machine, etc.
Stockroom at rear
Staff Kitchen, cloakroom with w.c. and wash hand basin
The turnover averages £8000 p.w including wholesale newsbill of approximately £2000 p.w. and Dry Cleaning Sales of £1200.00. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and provides a commission of approx. £70 p.w. The business is also agents for bus passes and mobile top ups and provides a further commission of approx £40 p.w.
The business is at present operated by the vendor and no staff are employed. 3 morning newsrounds. Delivery charge £3.00/£5.00 p.w.
The premises are held on a 20 year secure renewable lease from Oct 2010 at a rental of only £16,000 p.a. with rent review every 4 years.
Outstanding opportunity to acquire an established Newsagent combined with a Dry Cleaning receiving shop.
There is tremendous potential for further increase in the right hands if opening hours are extended to the evenings, especially for the off-license trade. At present the vendor isn’t concentrating in this line and a full range of wines, spirits and liquor will push sales upwards.
Monday – Saturday inclusive 6 a.m. – 6 p.m.
Sunday & Bank Holiday 6 a.m. – 1 p.m.
To include the secure lease, goodwill, fixtures and fittings £149,950 plus stock at valuation (£10,000 approx).
The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended tenant or purchaser should satisfy themselves as to being correct.
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