LOCATION:
BTC is pleased to introduce this news agents business located in North London. Its situated in a densely populated area that offers convenience being just 0.2 miles from the bus and train station, 0.9 miles from the golf club, and 2-minute away from nearby schools. This area boasts diverse amenities such as restaurants, shops, and parks. Its proximity to main roads provides excellent trading opportunities, making it an ideal spot for customers looking for a convenient and enjoyable shopping experience.
Overview:
An opportunity to acquire a well established business operating from past 38 years under the current owner with NO competition nearby. Currently, it operates as a confectionery and tobacco business, fully equipped with all the fixtures and fittings needed. Additionally, there's a garden at the rear of the premises, offering plenty of potential to introduce new services and ideas.
The current owner is selling the business due to age-related issues, making it a genuine retirement sale, so the business is looking for new management. It has a strong reputation in the local area.
Turnover: £2500 Per Week
Potential: Oncoming buyers have the option to set up a bakery and oven in the garden space, which could increase more sales. Additionally, the new owner could introduce new services and products as currently there is no off license, no lottery, no oyster or pay points & not any other upay service so new owner can add all these services and can also add Coffee machines, UPS parcel services, and Phone repair kiosks to generate more income.
Floor Space: Total Approx. 870 sqft.
* Shop area - 415 sqft Approx.
* Storage area - 120 sqft Approx.
* Garden area - 335 sqft Approx.
Rent: £20,000 Per Annum
Rate - £2400 Per annum
Tenure - Leasehold: 15 years lease remaining under
Trading hours: Monday to Friday - 06:00 AM to 06:00 PM, Saturday - 07:00 AM to 05:00 PM, Sunday - 07:00 AM to 02:00 PM
Additional potential: Easy work hours - Currently the shop closes at 6:00 PM. But, they have license to keep it open until 11:00 PM. So oncoming buyer can extend the hours which will help to boost sales and make the business more profitable.
The business is marketed for the goodwill of £60,000 plus SAV it including all the fixtures and fittings.
For further information, please contact the BTC Commercial and Investment team
