Sold

Popular Newsagents And Convenience Store In Affluent Community For Sale

Harrow, Harrow

£135,950 +SAV

Ref: 2533 J

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Description

Hilton Smythe welcomes to the market Woods News. This highly profitable newsagents and convenience store was originally founded in 2003. The business has been under the careful ownership of our clients for the last 8 years and unfortunately ill health forces the sale. The business reports a healthy turnover of £240,000 with a gross profit of circa 20%. The store is well stocked with a wide variety of goods including magazines and newspapers, greeting cards, confectionary, crisps, soft drinks and everyday essentials. Additional revenue is derived from Oyster cards, bus passes, a cash machine, and the business has been praised by Camelot for the volume of Lottery tickets and scratch cards sold. The store is well maintained throughout with stock clearly displayed. We believe there is the potential to apply for an alcohol license to further revenue. In addition the business could introduce a newspaper delivery round in the locality. This is a turn-key business venture with a loyal and well established client base, and early viewing is highly recommended.

Tenure

Leasehold

We are advised leasehold.The rent is £14,000 per annum. We are advised that a new 15 year lease has been granted and will be available to any new owner after the current 2 year lease expires.

Hours

The business opens:-Monday and Tuesday 6.00am-6.00pmWednesday 6.00am-7:30pmThursday and Friday 6.00am-6.00pmSaturday 6.00am -7:30pmSunday 6.00 -4.00pm

Staff

The business is owner run and managed with the assistance of 2 members of staff.

Financial Profile

The business reports a healthy turnover of £240,000 with a gross profit of circa 20%.

Location

The business is located in the large London suburb of Harrow. Woods News occupies a prominent corner position within this affluent residential community and is in close proximity to a plethora of complementary businesses, a very popular steak house is facing the business and Harrow College is within the vicinity. The business also sits on a busy crossroads ensuring good footfall and passing trade. Harrow is a commuter town and is a popular place to work and live, with a population of circa 33,900. The area is served by the arterial roads A410 and A409 and is a short drive to the M1 motorway. The area is served by several railway stations and Harrow has excellent bus links with a bus stop conveniently located just a short walk from the business.

Premises

Corner positioned double fronted terraced premise briefly comprising:- Blue powder coated aluminium framed fully glazed door with half width glazed panels to both sides Wood fronted purpose built counter with under side storage. Additional glass fronted cabinet next to counter, houses small battery powered goods, calculators and kids toys etc. Ground – shop, counter area.1 x Casio electronic till.1 x London Transport Oyster card top up machine.1 x National Lottery reader/dispenser.1 x National Lottery scratch card dispenser.1 x cigarette gallery. Further storage areas behind counter. Ground – main shopVinyl tiled floor throughout. Newspapers and magazine displays. 1 x two door Coca Cola branded chiller.1 x 5ft wide open fronted chiller.1 x 2ft wide open fronted chiller. Walkers branded crisps racking. Dual sided central gondola unit, housing a variety of food, drink and household goods. Multiple wall mounted shelving, housing a range of office stationary and postage items. Full length greetings card display. 1 x ATM dispenser (chargeable £1.75) 1 x Walls branded ice cream freezer. 1 x Toshiba estudio182 photo copier (chargeable). 2 x convex wall mounted security mirrors (rear of shop). Ground – rear store roomOne step down to fully wooden shelved store room. Single width roller shutter providing access to rear of property. All external glazed windows are fully plastic wrapped advertising Lycamobile, and other entities. 3 piece dark blue canopy above main entrance also printed with The Daily Telegraph, The Sunday Telegraph and telegraph T logo.4 x heavy based external signs;1 x National Lottery1 x The Sun1 x Walls ice cream1 x Health Lottery.1 x coin operated novelty toy dispenser.1 x Lycamobile branded newspaper storage cabinet.1 x PayPoint sign1 x MoneyGram sign1 x London Transport sign.

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