Very Well Located Newsagents For Sale

AREA

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.

BUSINESS DESCRIPTION

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. A large newsbill featuring a delivery account service to over 300 houses creating a large revenue of income. 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, delivery leaflets to increase the newsround delivery service, a refresh in store to create a buzz in the community.

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.

OPENING HOURS

Monday-Saturday 6am – 7pm

Sunday 6am-2pm

TURNOVER

Figures are derived from the most recent takings for the year ending 2017-18:

Turnover = £336,564

Annual Gross Profit = £76,988

PLUS

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 = £1,360

Annual commission from UPS = £982

PREMISES

The shop sales area comprises of 375sq feet and includes two new large drinks fridges, ice cream freezer, magazine display racks, newspaper display racks, confectionery display shelving, counter with one electronic cash register and one EPOS system which functions as a till and manages the newsround account system for over 300 accounts.

ACCOMODATION

Above the shop is a 1 bedroom self contained flat which is accessed through the shop. This comprises of 1 double bedroom, a kitchen a bathroom and an open plan living and dining area. It benefits from Gas Central Heating and has uPVC Double Glazed windows for added comfort.

TENURE

10 year lease with currently 7 years remaining and 5 year reviews, the last review was in 2015 and the Annual Rent = £15,600

The figures are genuine and speak for themselves and they can be visually seen from a visit to the premises where the business can be viewed first hand and discussed discreetly with the owners.