Discount Store In Ilford | | Barkingside London | | ADVISED GROSS WEEKLY SALES £8,000 – GP 50% TOTAL TRADING SPACE CIRCA 952 SQ/FT (88 SQ M) ADVISED ANNUAL INCOME FROM ACCOMMODATION £1,000 PCM PRIME POSITION ON A WELL ESTABLISHED HIGH STREET SHOP FRONT DISPLAY AREA BENEFITS FROM HIGH LEVEL OF DAILY FOOTFALL LOCATED CLOSE TO CENTRAL LINE UNDERGROUND STATION | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69137
ADVERT IMPRESSIONS : 15,987 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £100000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is located on Barkingside High Street (A123) a prominent road linking North and South Ilford. Located at either end of the high street are links to the Central Line Underground station.
DESCRIPTION
The business currently stocks a variety of goods such as: discount products, kitchenware, gifts, hardware, stationary, greeting cards, household products, DIY products, toys, electronics and phone accessories. The premises is equipped with an eight camera CCTV system. Internally the stores is well fitted to display stock with wall shelving throughout and also benefits from displaying products on the shop front.
THE BUSINESS
Established in 2003 the store has seen their gross weekly sales figures increase year on year. Being well positioned on the High Street allows the business to benefit from high levels of footfall during the day and night. The business profits well from phone repairs and the sale of phone accessories, which generate a high level of profitable sales. The premises is located within the local authorities Masterplan, which has seen the local area undergo regeneration, with a particular emphasis on improving the retail sector of the high street. The business benefits from great transport links to and from Central Ilford. Self contained, three bedroom accommodation above brings in a rental of £1,000 per calendar month, which is currently tenanted. High street pay and display car parking is available as well as Fullwell Cross Library and Swimming baths car park is located just off the high street, to increase additional parking. The High Street is home to many brand retailers, restaurants, banks and blue chip supermarkets which benefits from high levels of weekend footfall.
HOURS
The business currently trades Monday to Saturday from 08.30-22.30 and Sundays from 10.00-18.00.
STAFF
The business is family run.
INTERNAL
Trading area approx 952Sq/Ft (88 Sq M)
EXTERNAL
The business also displays products on the front of the property.
TERMS & TENURE
A 10 year lease is available which commenced in 2003 with an annual rent passing of £42,000 with five yearly rent reviews.
We have been advised that business rates are approx £14,000
TRADING INFORMATION
Advised gross weekly sales of the business are £8,000 with gross profit margins of 50%.
Full trading information will be available after a formal viewing has been conducted. | | | | | | FOR SALE | | | | | REFERENCE: | BMA598 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
