Very Well Located and Long Established Newsagents For Sale

Established in the area for over 40 ago and benefits from wide net of local and commuting customers. The shop is located in a prime position on a major bus route and a stones throw away from Bexleyheath Railway station which benefits from a constant flow of commuters.

The business is a traditional Newsagents stocking Newspapers, Magazines, a large selection of confectionery including local favourites of penny sweets and weigh out sweets, soft drinks and snacks, cigarettes and general items. Also a major provider of Lottery, Bus Pass, E Top Up and a fast growing collection and drop off point for Amazon and UPS Deliveries. Please be advised that there is no potential for an Off-License as this is restricted as part of the lease – this business runs incredibly well without the need to offer alcohol and further increase opening hours.

This business has successfully been run under the current owners for the last 16 years and they’re now looking towards their retirement.

This business would benefit tremendously from a fresh set of hands and a scope to implement on opportunities to increase revenue and commission services such as Paypoint.

Please be advised, accounts will only be shared with buyers who are willing to make the effort to visit the premises and meet the owners – any emails asking for accounts without making an effort to first visit the business will be ignored.

Figures based on most recent prepared accounts year ending 2017-18:

Turnover = £336,564

Annual Gross Profit = £76,988

In addition to the Gross Profit:

Annual commission from Bus Pass = £ 7,917

Annual commission from Lottery = £ 13,204

Annual commission from E Top Up = £ 1,240

Annual revenue from advertisements = £ 580

Annual commission from Amazon = £ 1,560

Annual commission from UPS = £ 982

Annual Rent = £ 15,600

Annual Rates = £4,740

The figures speak for themselves and can be visually seen from a visit to the premises where the business can be viewed first hand.