Leasehold DVD Rental Business For Sale

Business description

Bag a Business Ltd is delighted to offer to the market this state-of-the-art, fully automated DVD rental business, which trades 24 hours per day and does not require staff. Moviebank was established by our clients in 2006, with an investment of
over £100,000, most of which went on the fully automated, computerised ordering and dispensing machinery, which customers use with their own personal membership cards to access the store 24 hours a day. The card allows them to top up with credits enabling them to rent films from as little as 99p for 6 hours. Moviebank has been extremely well received and is proving very popular, generating a turnover in excess of £700 per week, with very high profit margins as there are no staff costs. The business is now only being placed on the market to allow our clients to concentrate on other business interests, presenting a fantastic opportunity for a new owner to take the business to its next level and increase trade further, possibly by the addition of an in-store internet café. Early viewing is strongly recommended.


Price Open to Offers

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining length: 8½ years
Review: Every 5 years
Rent: £13,000 per annum

Living accommodation:

Property Details Single storey, mid parade premises fitted to the very highest of standards. Briefly comprising Ground Floor Main sales area accessed with membership card with: • Four computerised selection screens and DVD dispenser • Full CCTV system • Illuminated counter located behind an electric security shutter, which is lowered when there are no staff on the premises. • Rear office • Kitchen area • Toilet • Storage

Location:

Moviebank is situated within a parade of complementary shops and businesses on Church Road, a very busy shopping street with ample free parking to the front of the shop. The business draws its trade from the extremely densely populated surrounding area. Hendon is in the London borough of Barnet, which is a suburban development situated 7 miles (11.3 km) north west of Charing Cross. The London borough of Barnet forms part of outer London, and it borders Hertfordshire to the north and other London boroughs, including Harrow and Brent to the west, Camden and Haringey to the south-east and Enfield to the
east. According to the 2001 census the borough has a population of 314,564, though the most recent ONS projection for 2007 is 338,600. Nearby is the world renowned Hendon Police College, which is the principal training centre for the Metropolitan Police, situated on Aerodrome Road. Hendon enjoys excellent links via the North Circular Road, which connects to th M1 motorway. The M25 motorway is nearby.

Other information

Trading hours:

24 hours a day, 365 days a year