Scroll To Top

Well Established Convenience Store

City of London, London
Leasehold Price:
Advert ID
B05246 / Rightbiz
Hilton Smythe are delighted to present to the market a much loved newsagents and local convenience store, first established 50 years ago and recently purchased by our client just over 2 years ago. Due to family issues our client is reluctantly now selling the business.

The business comes with the added benefit of a new council owned 10 year lease in place as well as zero business rates payable in the current year.

The business offers a large selection of services and convenience items which include:

Newspapers, magazines and greeting cards

Lottery, lottery cards, Paypoint & parcel collection

Oyster cards, travel cards, stamps, stationery & photocopying

Elite vaping, cigarettes, mobile phone top up & accessories

Confectionery, crisps, loose sweets for children, soft drinks & ice cream

Grocery lines, dairy products, fresh bread & cakes

Household goods, frozen food lines, toiletries & pharmacy items

Large choice of alcohol lines including canned and bottled beers/lagers, wines & spirits

The business attracts a very loyal customer base, including local families and professionals as well as a very healthy passing trade form local businesspeople and tradesmen.

Any new buyer may look to extend the current opening hours as well as offer local deliveries to the already very good sales. Increasing the food to go lines including a takeaway coffee machine would add new sales.

Our client’s scheme of improvements over the last 2 years has resulted in a 15% growth in turnover which will undoubtedly continue in the forthcoming year.

Rarely businesses of this type with such low running costs comes to the open market and we strongly recommend early viewing to avoid disappointment.

Terry’s News occupies a highly enviable trading position along a parade of community led shops on Dunton Road in Bermondsey, London.

This is the only independent newsagents within this large residential area, the business also benefits from metered parking directly outside.

Bermondsey is a thriving area offering both traditional family homes, newly converted warehouses and stylish riverside flats. There is an eclectic mix of cosy pubs, eateries and indie shops lining the village like Bermondsey Street including regular antiques markets and gourmet food stalls.

There are 2 popular schools within 5 minutes’ walk of the shop.

The area is accessed just off the busy A2 which links commuters from Kent into central London. Charing Cross is just under 4 miles.

Nearest tube station is Bermondsey

Ground floor - there are secure roller shutters to both the front aspect of the shop and to the rear access door.

  • Newspaper and magazine shelving, lottery stand, greeting cards stand
  • Large 3m open drinks chiller
  • Photocopier, 2 x glass topped display freezers
  • 2 x central display gondoliers, fixed shelving to right and left sides of the shop
  • Security alarm, CCTV and air con unit
  • Large raised service counter which includes till, card machine, lottery terminal, Paypoint with rear spirits shelving & cigarette gantry
  • Secure stockroom, staff kitchen area & toilet, rear access
Mezzanine level:

  • Purpose built storage area for back up stock
  • Private office

We are advised there is now a new 10 year lease in place with Southwark Council currently paying just £6,400 per year.

SUNDAY - 9am to 5pm

The business is run and managed by our clients only.

Financial Profile
The business generated a Turnover as of the 2019 accounts of £260,311, GP of £64,730 and an adjusted net profit of £44,349 (up £10,000 on the previous year)

Listing Details
Leasehold Price: £69,995
Tenure: Leasehold
Location: City of London, London
Sector: Convenience Stores, Newsagents
Annual Turnover: £260,311
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05246 / Rightbiz
What's nearby
Within 1 milei:
City of London Police (Police)
Frost Burgers (Restaurant)
Wrap It Up! (Cafe)
Steptoe & Johnson (Accounting)
ABN AMRO Clearing Bank UK Branche (Bank)
Scarlet Apt (Lodging)
Boots (Pharmacy)
St. Botolph's Orthodox Church (Church)
Jamie's Bar (Bar)
giligun (Car Repair)
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing

Related Businesses for Sale

Convenience Stores
Convenience Stores
Convenience Stores
The data showed regarding this advert 'Well Established Convenience Store - B05246 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller