Convenience Store / Off Licence, Main Shopping Parade, Barking, Essex | | Barking Essex | | £9,000 PER WEEK TURNOVER PAYPOINT £70 PER WEEK £500 PCM WESTERN UNION £750 PER WEEK NEWS BILL £100 PER WEEK LOTTERY HUGE POTENTIAL £350 PER WEEK OYSTER CARDS GROSS PROFIT 22% | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51433
ADVERT IMPRESSIONS : 6,581 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £135000 | ANNUAL RENT: | £21000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
We are favoured with instructions to offer for sale this mid terraced shop unit which is situated on an extremely busy main road location within Barking, but is surrounded by houses in a densely populated area.
DESCRIPTION
The shop is approached via a pavement area on which there is an outside area for the display of greengrocery. The shop is then entered via a fully glazed door with matching floor to ceiling windows on either side which are enclosed by an electric roller shutter at night time.
The shop is extremely well equipped and to include a service counter with two tills (on lease) with EPOS scanning system, newspaper display with magazine rack above, shelving to all walls, central gondola unit, confectionery stands, cards stands, two double door cold drinks fridges, three open display cabinets – two used for cold drinks one used for dairy produce, tiled floor and suspended illuminated ceiling. To the rear of the shop is a staff wc and kitchen and a storage area. The rear yard has parking for three vehicles.
TURNOVER:
The current turnover is some £9,000 per week, working on a gross profit margin of some 22% overall. In addition there is £6,000 per week on Bus Passes and Oyster Cards, £1,500 per week on National Lottery, £13,000 per week Pay Point and also Western Union Money Transfer totalling some £640 per week in commission.
TENURE:
The premises are held on a very secure lease with 14 years remaining at a current rental of £21,000 per annum.
HOURS:
The business is currently trading between the hours of 6 am to 10 pm Monday to Saturday and between 7 am and 9 pm on Sunday.
STAFF:
The business is currently operated by the Vendor with the assistance of his wife and one part time staff.
PRICE:
We are instructed by our Vendor Client to offer this lucrative business for sale at the realistic price of £135,000 to include the goodwill, remainder of the lease and the fixtures and fittings. Stock to be purchased at valuation.
AGENT’S NOTE:
We urge all discerning purchasers to view this business to avoid disappointment. The financial reward could be weekly commission of £650 plus 22% of £9,000, making a gross weekly income of £2,630. The current outgoings on rent and rates are £453, allowing £2,200 approx to pay light and heat and insurance etc., which should return an excellent net profit.
VIEWING:
By prior appointment with PPS on 01702 602888. | | | | | | FOR SALE | | | | | REFERENCE: | NTC / 230 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
