Abbotts Newsagent | | Enfield London | | ADVISED AVERAGE GROSS WEEKLY TURNOVER £3,000 WELL ESTABLISHED FAMILY RUN BUSINESS PROMINENT HIGH STREET LOCATION IN ENFIELD HIGH VOLUMES OF FOOTFALL DURING THE DAY CLOSE PROXIMITY TO ENFIELD TOWN RAILWAY AND BUS LINKS POTENTIAL TO INCREASE TURNOVER | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61563
ADVERT IMPRESSIONS : 10,977 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £35,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The newsagent is located on Baker Street in Enfield. The shop is within walking distance from Enfield Town Shopping Centre, Enfield Town Railway Station and bus links. There is a diverse mixture of retail and residential property in the area including Schools and offices.
DESCRIPTION
The premises is a ground floor mid terraced lock up shop. The business has been fitted and equipped for the sale of: Lottery, Sweets, Soft Drinks, Newspapers, Magazines, General supplies and Tobacco products. The business also has a licence to sell alcohol if the new owner wishes to do so.
THE BUSINESS
The fully stocked newsagent was established by our client in 1995. The shop benefits from heavy footfall given its prominent position. The owner has informed us that the business generates a gross weekly turnover of £3,000. The business has potential to increase the turnover by installing more services such as: Pay Point, Buss Pass and Alcohol. An incoming operator could also increase the trading hours greatly.
This business would suit an experienced operator seeking to expand their portfolio or alternatively a first time buyer wishing to invest in a new venture.
FIXTURES AND FITTINGS
4 X Drinks display fridges 3m open display fridge
Walls ice-cream freezer Chocolate display
Lottery terminal Top up Machine Cigarette counter Rear access and storage
CCTV Staff Kitchen and WC
STAFF
The business is currently run by 1 working owner and 1 part time member of staff.
HOURS
The business trades at the following hours:
Monday Saturday - 7:00am -6:30pm
Sunday 7:00am 4:00pm
LEGAL COSTS
The incoming tenant is to pay for the landlords legal costs relevant to the assignment of their lease.
TERMS & TENURE
The premises will be held on a new 20 year FRI lease with 4 yearly rent reviews. The annual rent passing is £13,000.
BUSINESS RATES
We have been advised by our client that the business rates payable for 2010/2011 are £1,053. This is to be confirmed with the council. | | | | | | FOR SALE | | | | | REFERENCE: | BMA514 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
