Business for Sale in 42 - 44 Randlesdown Road Newsagents and Convenience store.

Leasehold Price £210,000

Key Information

Reference
T34287LN
Tenure
Leasehold
Status
Sold
Region
London
Sector
Convenience Stores
Annual Sales
£1,037,000.00 Exc. VAT
Weekly Sales
£19,942.00 Exc. VAT
Accommodation
No

Business Information

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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Thames Valley

Your Regional Director Vito Iannelli

Berks & Oxon

4 - 4a Bloomsbury Square
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London
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