Business for Sale in England: Kent - TOWN-CENTRE NEWSAGENTS NEAR BROMLEY IN THE GREATER LONDON AREA - Leasehold: £145,000

Key Information

Ref
T33168Z
Type
Retail Businesses: Newsagents
Location
England: Kent
Tenure
Leasehold
Status
For Sale
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This long-established newsagents has a fine location in the centre of a very busy town near Bromley in Greater London. There are a number of restaurants, coffee shops, banks and major retailers nearby. This is a vibrant and densely populated area which certainly benefits from its close proximity to the capital. In fact, there are direct rail links to Central London in less than 30 minutes.

The shop sells newspapers & magazines, alcoholic & soft drinks, sweets, snacks & ice creams, cigarettes & tobacco, greetings cards, giftwrap & stationery along with a selection of convenience goods. The weekly news bill is approximately £2,500 and there are 8 delivery rounds in the local area.

The successful business has been in the same hands for more than 30 years, and continues to produce strong trading figures. Accounts for the year ended 30th June 2016 show Annual Sales of £525,947 and a Gross Profit of £130,146. In addition, there was a total commission income of £26,080. Net Profit for the year was £85,846.

We understand that a new 15-year lease will be available to new owners of the shop, and the current owner will also be happy to support and assist during a handover period to ensure a smooth transition following the sale of the business.

Ref: T33168Z LEASEHOLD £145,000

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