Leasehold DVD Rental & Internet Cafe For Sale

Business description

Bag a Business Ltd is delighted to offer for sale Moviebank, which was established by our client in April 2006. It is currently trading as a 24 hour DVD rental shop with the benefit of an internet cafe to the rear. The business has been fitted out and equipped to the highest of standards, in line with the Moviebank franchise, and we believe our clients have invested in the region of £100,000. Moviebank has been run at a pace to suit our clients with very little external marketing or advertising undertaken, but has still generated a membership of over 1,500 customers, providing new owners with vast scope to increase membership numbers, turnover and profitability. On-line ordering is also available in addition to the kiosk facility and at just 99p per rental the prices are extremely competitive. The store operates fully automated kiosks allowing a DVD to be dispensed after swiping a membership card and entering a pin number, giving 24-hour access without the need for continual staffing. The business benefits from an internet cafe to the rear, with five stations, which is a growing business and offers further potential, particularly from opening earlier in the morning. This is an exciting opportunity to acquire a unique business in DVD rental, which occupies a prime, corner trading location and we would therefore urge early viewing.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining length: 8 years
Review every: 4 years
Rent: £20,000 per annum

Living accommodation:

ACCOMMODATION DETAILS A highly attractive, ground floor, lock-up shop enjoying a highly visible corner location. GROUND FLOOR Front shop area with three computerised, self-service areas Moviebank dispense and storage system Ice cream freezer Bottle display chiller Serving counter with computerised membership system and electronic cash register Metal roller shutters to separate shop for 24-hour trading To the rear is the cafe fully equipped with five stations W/C Storage cupboard

Location:

Moviebank occupies a highly visible, corner position on Station Road, in Chingford, London. Station Road is the main road through the town centre and Moviebank is surrounded by a variety of complementary shops, which generate a high degree of footfall and passing trade. Chingford is a densely populated residential area enjoying excellent transport links, including a mainline railway station and easy access to the M25 motorway at junction 26, the M11 motorway at junction 5 and also the North Circular Road (A406). The business is completely unopposed in the area with no other DVD or video rental businesses in Chingford.

Other information

Trading hours:

DVD rental: 24 hours a day, seven days a week Internet cafe: 7 days a week: 11.00am - 9.00pm