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Established Retail Store in North East London

Wood Green, London
Leasehold Price:
£35,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
196165
Reference
05009 / Rightbiz

Details

    Established in the 1980’s

    Prime location

    Good customer reputation

    Easy to run business

    Further growth potential

Intelligent Business Transfer is pleased to offer for sale this well-established and exciting retail opportunity. The current owner has built up an excellent reputation with customers and other local business for offering a comprehensive range of products at good prices. Established in the 60’s, the business offers a range of newsagent type products including confectionary, over 70 varieties of pick n’ mix, magazines, tobacco etc. The business is easy to run with opening hours Monday - Saturday 9am-6pm and Sundays 11am-5pm. The business needs little maintenance with four trips to a cash and carry through the week and positioning of stock. There is a storage area for stock with the business. The current owner does not leverage any advertising/ marketing opportunities other than word-of-mouth advertising. There is potential to add additional product lines and services as well as engaging in advertising/ marketing. This is an attractive opportunity for someone who knows the retail business and may have previously run a newsagent. There are minimal staffing requirements, currently there are two full time members of staff. The owner is selling the business to retire. Intelligent Business Transfer has been requested to find a suitable buyer.
Listing Details
Leasehold Price: £35,000
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Sector: Convenience Stores, Newsagents
Financials
Annual Turnover: £312,000
Annual Net Profit: £30,000
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