SOLD / WITHDRAWN
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
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.
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.
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.
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.
The business is currently operating with one member of part-time staff supporting our client working on a full-time basis.
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.
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:
MON - FRI: 06:00 - 20:00SAT: 07:00 - 19:00SUN: 09:00 - 19:00
£442 Per Week. Weekly Rent:
£442 Per Week.
Leasehold Price: £39,995
Location: City of London, London
Annual Turnover: £92,752
Energy Performance Certificate (EPC)
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