Convenience Homeware Store In Dagenham No Reasonable Offer Refused For Sale

Business description

VERY BUSY PARADE EXCEPTIONAL PROFIT MARGIN

HUGE POTENTIAL 500 SQ. FT. APPROX.

CHEAP RENT FORECOURT DISPLAY

MUST BE VIEWED EASY HOURS

LOCATION:
We are favoured with instructions to offer for sale this popular Homeware and Convenience Store, situated on one of the busiest parade of shops on the Dagenham / Ilford border. The shop is surrounded by well known shop names and is next door to a Santander Bank. Also the business has a bus stop directly outside the shop.

DESCRIPTION:
As previously mentioned the property is approached via a busy trading area and has a spacious forecourt for display of goods etc. The shop is approached via a glass door directly into the shop unit of approximately 500 sq.ft. The walls of the unit are completely shelved for the display of goods and there is a central gondola which is also fully shelved for the display of goods, serving counter with electronic till, cigarette gantry and various displays for crisps, cards etc.

TURNOVER:
We are informed by the Vendor the current turnover is some £2,500 per week and producing a profit margin of some 40%. However, we believe, with the addition of stock lines of a different nature, this turnover could be increased.

HOURS:
The business is currently trading between the hours of 8 am until 8 pm Monday through to Sunday. However, we are informed by the Vendor the business is not restricted for trading any hours.

STAFF:
We understand the business is managed by the Vendor and he is assisted by one full time member of staff and two part time as and when required.

TENURE:
The premises are held on a very secure lease with four years remaining at a current rental of £9,750 per annum. We understand the Landlord would be happy to look at a new lease situation immediately.

PRICE:
We are instructed by the Vendor to offer for sale this extremely lucrative business at the very realistic price of £20,000 (NO REASONABLE OFFER REFUSED) to include the remainder of the lease, goodwill, fixtures and fittings. Stock to be purchased at valuation.

AGENT’S NOTE:
The Vendor’s Agents urge all interested parties to view this business immediately to see the huge potential of this business.

VIEWING: By prior appointment with PPS.

Property information

Property:

Leasehold