Newsagent In Hornchurch | | Hornchurch Essex | | - ADVISED GROSS WEEKLY SALES £3,500 – GP 35% - TOTAL TRADING SPACE CIRCA 450 SQ/FT (41 SQ/M) - INCLUDING THREE BEDROOM ACCOMMODATION ABOVE - CLOSE PROXIMITY TO EMERSON PARK RAILWAY AND BUS LINKS - PROMINENT MAIN ROAD LOCATION IN HORNCHURCH - UNOPPOSED TO ANY OTHER NEWSAGENTS WITHIN AREA | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69277
ADVERT IMPRESSIONS : 10,548 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £35,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is located on Billet Lane which connects Emerson Park Rail Station to Hornchurch High Street (A124). The premises is situated in the heart of a highly dense residential area.
DESCRIPTION
The premises comprises of an end of terrace lock up shop, arranged over two floors. The business currently holds Oyster, alcohol and cigarette licences and also stocks a wide range of newspapers, magazines, confectionary, general supplies, chilled drinks and household items. The business is fitted with a four camera CCTV system, alarm system, a drinks display chiller, an ice-cream chest freezer and a photocopier.
THE BUSINESS
Our client acquired the business in 2006 and has become well established within the surrounding area. The average weekly sales have increased with the newly permitted alcohol licence. There is further opportunity to improve on the current revenue of alcohol sales generated, with the possibility of permitted later opening hours. The premises benefits from a good level of gross profit margins which equate to 35% of the average weekly sales. With the premises situated on a busy main road location in Hornchurch, the business benefits well from a high level of footfall and vast number of daily traffic. The premises also comprises of a three bedroom flat which is in good condition and currently used by the business operators.
HOURS
The business currently trades:
Monday to Saturday 5.30am-6.30pm
Sunday 5.30am-1pm
STAFF
The business is operated by two working owners.
INTERNAL
Trading area approx 450 SQ/FT (41 SQ/M)
Ancillary Storage area of 150 SQ/FT (14 SQ/M)
Further garage storage to the rear of the property.
EXTERNAL
The property benefits from a side road which leads to the rear garage which can be housed as storage.
TERMS & TENURE
A new 16 year lease is available with an annual rent passing of £12,000.
Formal rent reviews are conducted every four years.
We have been advised that business rates are approx £2,000.
TRADING INFORMATION
Advised gross weekly sales of the business are £3,500.
Full trading information will be available after a formal viewing has been conducted. | | | | | | FOR SALE | | | | | REFERENCE: | BMA595 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
