Money Transfers Bureau de Change & Lettings Agency For Sale

Business description

Well established (1995) Money Transfer/Cheque Cashing /Currency Exchange Business with Lettings Bureau, located on a very busy shopping street in West London with an excellent track record of strong trade thanks to an excellent position on this busy street with little direct local competition.

Located close to the intersection of two busy city streets, this location has very good and consistent foot flow with a good mix of business and residential passing trade.


This is an excellent opportunity for a good location with a good lease in this busy and thriving part of West London with good passing trade and strong potential for expansion of the Lettings business.

The property generates further by letting out first and second floors
(currently divided into 4 rooms).

Trade:

The business currently trades Money Transfer, Bureau de Change and Cash Chequing Agency and Lettings Agency, with currently 2/3rd of trade coming from Money Transfers/Cash Chequing.
Gross Profit reported to be £125,000 on Turnover of £1m+

Open Six days per week, opening from 10am, closing 6;00pm Saturdays 10am to 4 pm.


Staffed currently by 2 full time staff, (plus the owner)

PremThe property is arranged over the ground floor and basement with further internal storage, offices on the first and second floors.

GROUND FLOOR RETAIL ZONE A 23.44m2
GROUND FLOOR RETAIL ZONE B 12.28m2
FIRST FLOOR 34.20m2
SECOND FLOOR 34.20m2
BASEMENT 25.60m2
TOTAL 129.72m2

Shop frontage approx 6m wide. Ground Floor set up with serving counter to the rear, with office behind. First floor and second floor are separately let out, divided into 4 rooms, yielding rental of £24,000 p/annum and covering 60% of rates.

The unit is offered in good internal condition.
ises

Property information

Property:

Leasehold

Lease terms:

The property is held by virtue of a 21 year full repairing and insuring
lease expiring in 2021 (dated 1993). Passing rent is £32,500 per annum. 5 yearly reviews. Next rent review Nov 2008.

Location:

Located close to the intersection of two busy city streets, this location has very good and consistent foot flow with a good mix of business and residential passing trade.

Other information

Expansion potential:

This is an excellent opportunity for a good location with a good lease in this busy and thriving part of West London with good passing trade and strong potential for expansion of the Lettings business.

Trading hours:

Open Six days per week, opening from 10am, closing 6;00pm

Furniture / Fixtures value:

£10,000 (included in the asking price)

Related documents:

• 
• NW213 Blind Profile