Newsagent And Convenience Store In Enfield London | | Enfield London | | Newsagents and Convenience Store Enfield, London T/O: £130,000 GP: 20% Scope to improve turnover Busy main road position Popular residential area | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 55165
ADVERT IMPRESSIONS : 10,799 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £39,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | 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.
Business History
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.
Financial Details
T/O: £130,000 approx.
GP: 20%
Opening Hours
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
Accommodation Details
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
Tenure
Leasehold
New lease to be negotiated | | | | | | FOR SALE | | | | | REFERENCE: | 2031 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
