Traditional Newsagent | | Wanstead London | | - ADVISED GROSS WEEKLY SALES £4,000 – 25% GP - TOTAL TRADING SPACE CIRCA 362SQ FT / 33 SQ M - SITUATED ON A PROMINENT POSITION ON WANSTEAD HIGH STREET - CLOSE TO CENTRAL LINE UNDERGROUND STATION - HIGHLY AFFLUENT RESIDENTIAL AREA - DEMAND TO INTRODUCE COMMISSION BASED SERVICES | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70321
ADVERT IMPRESSIONS : 8,646 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £45000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is located on Wanstead High Street which connects Forest Gate to South Woodford and also adjoins to various routes to Essex. The property also benefits from good underground and bus links with Wanstead and Snaresbrook underground station (Central line) situated at either end of the high street.
DESCRIPTION
The business trades as a traditional Newsagent with current products on offer including: Newspapers, cigarettes, confectionary, magazines, general supplies, stationary and gift cards. The property is fitted with two 1.25m drinks chillers, one ice cream chest and photocopier.
THE BUSINESS
The business was acquired by our clients five years ago, creating a vast customer base and operating eleven paper rounds with 220 deliveries, forming the backbone of the business. There is potential to improve the business as it does not currently offer Oyster, Lottery, Payzone, Phone Cards or Top ups, the introduction of any of these products could see the average weekly sales increase and footfall. The business benefits from a good level of gross profit margins which equate to 25% of the average weekly sales. Being situated on a prominent main road location within Essex, the local area is in abundance with bars and restaurants which hold late opening licences. Extending the opening hours could take advantage of this evening footfall and increase turnover.
HOURS
Monday to Saturday: 07.00am – 17.00pm
Sundays: 07.00am – 13.00pm
STAFF
One working full-time owner and eight paper boys.
INTERNAL
Trading area approx 362 Sq Ft / 33 Sq M
EXTERNAL
The property benefits from a storage area of 150sq/ft (14sq/m), an outdoor WC, one rear car park space. A lock up garage for marking up which our client currently leases.
TERMS & TENURE
The premises is held on a 16 year renewable lease which commenced in 2001 with an annual rent passing of £10,200. Formal rent reviews are conducted every four years. We have been advised that business rates are approximately £4,100
TRADING INFORMATION
Advised gross weekly sales of the business are £4,000 and are forecasted to rise as the business becomes further established.
Full trading information will be available after a formal viewing has been conducted. | | | | | | FOR SALE | | | | | REFERENCE: | BMA608 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
