Shop for saleThe Mall, The Stratford Centre, London, E15
- Business for sale
- High turnover newsagents with potential for future growth
- Average weekly sales £18,000 plus high commission income
- Prime position within an extremely busy shopping centre
- Substantial passing trade / spacious sales area
Stratford Centre is a shopping Mall in Stratford, London and was opened 1974. The centre has open access 24 hours a day as it is a Public right of way, although most of the shops close at night. It is situated opposite the busy Stratford Railway Station and the bus station, where many people use it to cut through.
The subject business enjoys a prominent trading position with other nearby businesses including Card Factory, Body Shop, Clarks, Macdonalds, Superdrug, Holland & Barrett and Costa Coffee.
The current owners acquired this business in November 2007, now only looking to sell due to their wish to retire. The rectangular shaped sales area is well presented with modern fixtures and fittings, giving an overall impression of a clean modern business. The customer base comprises of a broad mixture of business people working in the area and substantial passing trade.
Currently shop sales average £18,000 approximately plus additional income:
Bus Pass commission of £850 weekly
Lottery of £390 weekly
Weston Union of £500 weekly
Rental income of £250 per week
Monday - Friday 06:30 - 18:30
Saturday 07:00 - 18:30
Sunday 08:30 - 16:30
There is the opportunity to extend the opening hours if required.
Managed by the owners who are assisted by 3 full time members of staff.
The weekly wage bill is said to be £1,000
The subject property comprises a ground floor lock up retail unit, together with a first floor storage and staff facilities. The first floor rooms incorporates a service entrance used for deliveries and access to two parking bays, rented by our client for £360 per quarter.
The modern retail area is approximately 1,150sq ft incorporating the main counter with 2 serving positions to the left hand side. At the rear of the main retail area is access to stairs which lead up to the first floor.
At the time of our inspection the product mix on offer included an extensive range of newspapers, magazines and a good varied selection of greeting cards, stationary, confectionary, take away sandwiches, soft drinks, ice creams, crisps and snacks and slush puppies.
We feel an opportunity exists to introduce some convenience lines and an off licence to increase sales.
There is no residential accommodation for owners/management available.
We are advised that the property is held on a 10 year lease which commenced in 2011. The annual rent is £88,000 Rent reviews are at 5 yearly intervals.
We understand that there is a service charge of £5,000p/a
The sale of Shuklas provides buyers with an excellent opportunity to purchase a successful, very busy and relied upon business which benefits from a prominent trading position, within an extremely busy shopping centre.. This opportunity is worthy of your earliest attention.
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