Business description

INTERNET CAFÉ/MONEY TRANSFER DAGENHAM Well established business in the present vendor's hands for the past 4 years, the property was refurbished recently and trades as an internet café, money transfer and international phone calls. There are 6 computers stations, 2 calling booths, a display of DVD's and a small office at rear leading to kitchenette and WC area. The business is operated by an owner with a help of couple of part time staff. Hours 11.30   am - 9.00 pm Monday to Saturday. TENURE: Leasehold Legal Fees: Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease. Potential: The owners have not been able to concentrate on developing the business due to other business commitments. Rates: Business rates payable £940 per annum. Turnover: The weekly turnover of the business is approximately £1,000 per week, plus an additional income of £2,000per month commission income from money transfer business. Stock: DVD's to be purchased separately at valuation if required: Approximately £2,000.

Property information

Property:

Leasehold

Lease terms:

Tenure: Leasehold 12 years lease from 2003 with 4 yearly rent reviews.

Location:

Property: Recently refurbished double fronted property within a parade of shops on a busy main road close to residential area and about a mile from a polytechnic.

Other information

Reasons for selling:

Other business commitments.

Trading hours:

6.30am - 6.00 pm Monday to Friday only.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.