Established Sandwich Shop and Retail Bakers Business for Sale in Dagenham London
Dagenham, London
- Status
UNDER OFFER
- Date Submitted:
12/03/24
- Advert ID
608116
- Reference
RX366012 / Rightbiz
- Call Agent:
- Leasehold: £85,000 (Stock at valuation)
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
SANDWICH SHOP RETAIL BAKERS
SANDWICH SHOP / RETAIL BAKERS - DAGENHAM - A very long established business which was set up by our client 37 years ago, has now been brought to market with a genuine reason for sale due to retirement. The premises is located in a fantastic trading position within an established parade of shops in close proximity to a local primary school and surrounded by various other business types including a solicitors, tanning salon and hair salon to name a few. The location offers high levels of footfall and vehicular passing trade. Turnover averages £5,500 - £6,000 per week, working to the usual high gross profit margins associated with the trade. The business has built up a fantastic reputation over our clients period of ownership, supported by a 5* trip advisor rating and 4.8* Google review. The business still leaves scope to increase the turnover further by extending the trading days and times, as the business only operates until 1:30 pm. 15-year lease at a current rental of £10,000 per annum. Zero business rates payable.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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