Popular Newsagents in Bromley

Bromley, London
REF: R06115

Asking Price:
£40,000
Annual Turnover:
£234,156
Annual Net Profit:
TBC
REF: R06115

Overview

Tenure:
Leasehold
Established:
1988
  • Range of different services
  • High footfall location
  • Well-stocked premises
  • Friendly and helpful customer service
  • 2 Bedroom flat included

This is a fantastic opportunity to take on a busy newsagents in Bromley, regularly frequented due to its convenient location.

Stocking a wide variety of perishable items and offering essential everyday services for over 40 years, the store has built up an incredibly loyal clientele base which has enabled it to thrive as a profitable local business.

With in-demand items such as confectionary, alcohol, stationery, lottery tickets and cards on offer to the general public, the business has easily gained exceptional levels of repeat custom from both locals and passing trade. Harder to find services such as Paypoint, self service Hermes ParcelShop, photocopying, keycutting and Oyster card top-up as well as newspaper deliveries to around 150 customers have also contributed to the shop’s excellent annual turnover.

Its well-stocked premises and position within a highly populated area now allows for any new owner to smoothly adopt this easily operable newsagents and continue to trade at high levels.

Operating from a double-fronted property, the business is spacious enough to accommodate all stock and fixtures. The shop is divided into two well-organised aisles, with a refrigerated cabinet to the left next to a standalone ATM and opposite a fully-stocked card shelving unit. The right aisle, lined with magazines and snacks leads to the rear ice cream freezer and customer counter, with tobacco and alcohol displayed behind. The shop comes complete with full EPOS and CCTV systems. Beyond the counter is a storage room used for deliveries. A two-bedroom flat also lies above the shop which is currently occupied by the leaseholder and has the potential to be rented out for a monthly fee of £800-£1000.

With little need for advertising, the business gains more than sufficient custom as a direct result of its convenient placement within a residential area.

Potentially an ideal business for a current owner-operator of a nearby local business or an individual with relevant experience, a new proprietor could take steps to expand upon the current operations.

Implementing further marketing schemes such as leaflet drops outside the immediate vicinity which detail special offers would possibly grow the business’s customer base. Introducing deliveries of other items and extending its offering to include more seasonal products such as fireworks or Halloween masks would also be a great way to increase its takings.

The current owner would be willing to stay on for a transitional period to hand the business over to its new owner.

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  • Residential area
  • Parade of shops
  • Good transport links
  • Ample passing trade
  • Schools closeby
Rent
£17,000
Rates
£5,125
Lease Term
15
Lease Expiry
10 remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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