FOR SALE
01/09/21
282081
BB5110 / Rightbiz
A very popular and well-established Newsagents for sale due to retirement. High turnover with
approximately £10,000-£13,000 weekly sales. Benefitting from high foot traffic, as it situated
between Greggs and Boots, as well surrounded by 2 Churches, 5 Schools, and a busy
Bus/Train Station.
Business Description:
A thriving business offering a variety of products and services, including: Lottery, Oyster,
Tobacco, Confectionery, and Greeting Cards.
The business benefits from a new 15-year lease as of March 2021, which includes rental
income from a two-bedroomed flat above the business that is currently rented for £1,000 per
month.
An East London business with a very high profit margin. Customers return with a high rate of
loyalty. Turnover between £10k and £13k per week.
Any new owner of this business will be able to take advantage of its enormous potential. Scope
to increase sales via introduction of Alcohol, Parcel Deliveries, Payzone, and Fruit & Veg.
Interested parties are encouraged to contact the vendor and arrange a viewing.
Cash only buyers please.
Business Location:
This newsagent is in a prime trading position surrounded by other businesses as well as a vast
residential area.
Key Features of Business:
Excellent Reputation; Loyal Customer Base; Well Equipped Premises; Wide variety of services
or products; Accommodation Included.
Rent:
£27,500 per annum, however two-bedroom flat above the store is sublet generating £12,000 per
annum rental income.
Ideal Buyer Of This Business
Anyone who is looking to buy a newsagent business that is in an excellent location and is happy
to run this business with their own staff. This is a newsagents that has a high value weekly
taking of £10,000.
FINANCIALS
Annual Turnover:
£520,000
Business Stock:
£25,000-£30,000
ASKING PRICE
£130,000 SAV
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Here Is An Excellent Newsagent Business For Sale With High Turnover In East London - BB5110 / 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.