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THIS BUSINESS IS NOW UNDER OFFER

London Charing Cross Station Newsagents

City of London, London
Leasehold Price:
£39,995
Status
UNDER OFFER
Advert ID
244305
Reference
6229 / Rightbiz
    Highly Desirable Trading Location

    Annual Turnover £92,752(Audited)

    Gross Profit £26,202(Audited)

    Exceptionally Heavy Footfall in London Underground

    CCTV Fitted - Low Running Costs

    Ill Health / Early Retirement Sale

    Currently run on limited hours - scope to develop

    EPC - Not Required

Description:
REF 6229 – Leasehold Main Line Rail Station Newsagents
Blacks Business Brokers are pleased to bring to the market this leasehold main line rail station newsagents located in the much sought-after Charing Cross Station, London.

INTRODUCTION
Trafalgar News has been trading from Charing Cross Station for a number of years, with our client in ownership since 2005. The business is positioned in an exceptionally busy area with a huge amount of passing trade and it has firmly established itself within this area with a large base of regular customers along with passing commuters and rail passengers.

LOCATION
Positioned within the exceptionally busy Charing Cross Underground Shopping Area, the business enjoys continual trade from passers-by, locals and tourists.

REASON FOR SALE
The business is only being offered for sale due to health issues and a lack of reliable staff to assist in the running of this very busy shop.

LEASE
The current lease is seven years and began in 2012 at a cost of £442 per week. Further lease details are to be confirmed.

BUILDING LAYOUT AND DESIGN
Trafalgar News is operating from a single fronted, purpose-built retail unit within a shopping area of Charing Cross Underground. The shop is well presented, with a small, tiled sales area with wall shelving, drinks fridges and gift displays. The till is positioned within the shop floor with cigarette gantry behind and Oyster ticket machine in place. CCTV is fitted throughout.

STAFF
The business is currently operating with one member of part-time staff supporting our client working on a full-time basis.

FINANCIAL DETAILS
Trafalgar News has traded solidly since opening. The business generates an annual turnover of £92,752 with gross profits of £26,202. Oyster card top ups account for a minimum of £150 per week. Full financial details are available upon viewing.

SUMMARY
This leasehold business is long standing and occupies an exceptional trading position. There is plenty of scope to develop the business further with the introduction of National Lottery (this has already been applied for), paypoint and payzone. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
Shelving
Till
CCTV
Serving Counter
Drinks Chiller


Opening Hours:
MON - FRI: 06:00 - 20:00SAT: 07:00 - 19:00SUN: 09:00 - 19:00


Weekly Rent:
£442 Per Week. Weekly Rent:
£442 Per Week.
Listing Details
Leasehold Price: £39,995
Tenure: Leasehold
Location: City of London, London
Sector: Newsagents
Financials
Annual Turnover: £92,752
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6229 / Rightbiz
Energy Performance Certificate (EPC)
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Listing Statistics
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Disclaimer
The data showed regarding this advert 'London Charing Cross Station Newsagents - 6229 / 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.