Business for Sale in Bellingham - Newsagents and Convenience store. - Leasehold: £210,000

Key Information

Ref
T34287LN
Type
Retail Businesses: Convenience Stores
Location
England: London
Tenure
Leasehold
Status
Sold
Annual Sales
£1,037,000 Ex Vat
Weekly Sales
£19,942 Ex Vat
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Lease Till 2027(current rent review June 2019, which the landlords and tenant trying to agree. Current Rent (not taking into account current rent review) £20,000, Rent Reviews: Every 4 Years, Business Rates (including 2019 Rebate) £7528.00, 12-month turnover up to period 31/10/2019: £1,037,000, Average Weekly Turnover up to period 31/10/2019 £19942.00, Gross Profit averaging £92k over the last two accounting periods, Staff details to be confirmed but have 4 x full time and 3 x part time.Trading Hours 7.00am to 11.00pm 7 days a week.Busy South London Location Prominent Frontage with great signageRefurbished over recent years, Turnover up to period 31/10/2019 in excess of £1,000,000.Average Weekly Turnover up to period 31/10/2019 £19942.00, Fully Staffed, Approx. 1500 sq ft of shop floor space, Total building approx. 2385 sq. ft.

Excellent opportunity for further growth.Good office and storage space.

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