For Sale

Convenience Store With Small Butchers Area

Dagenham, Essex

£29,950 +SAV

Ref: B04816

Contact sales negotiator

Aidan Murphy

01204556301

Email Aidan Murphy

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Description

Hilton Smythe welcomes to the market A1 Cash & Carry, which was established by our client in 2006, our client is moving abroad.

A1 is a convenience store which also has a strong money transfer arm, A1 says they are the main money transfer place in Dagenham and currently uses Small World and Express Money.

The business used to be agents for Western Union and Money gram, these could be reinstated. Currently the business sells convenience products, tobacco products, has a small butcher’s area and specialises in fish.

There are many repeat customers, however, our client admits that the business could be expanded in many different ways and there are many reasons to buy A1 including:

• Expansion by obtaining alcohol licence
• Expand the butcher’s area
• Apply to become a post office
• Room to extend the retail area
• Re instate Western Union and Money gram
• Densely populated area
• High footfall

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 12 years from 2011

Rent: £7200 per annum.

Our client informs us that they do not pay business rates.

Hours

The business is currently open 6 days a week

The hours can be set by the new owner and we would recommend opening early and closing late, 7 days a week due to the location of the business

Staff

The business is run and managed by our client, with the help of a couple of part time members of staff.

Financial Profile

A1 Cash & Carry has an average £6,000 - £7,000 a year commission from money transfers alone.

Our client is willing to discuss his turnover with any interested party.

The assets being sold with the business are worth in the region of £10,000

Location

A1 Cash & Carry is located in the thriving town of Dagenham, Essex, on a busy parade of shops with high footfall, just off the main town centre and in a densely populated area.

There is ample parking close by on the road and in the close by side turnings.

Dagenham which has an estimated population of 210,000 is located in the London Borough of Barking and Dagenham and is approximately 11 miles from central London.

Dagenham has fantastic transport links by train and by road via A13 which leads to central London and M25. The population has continued to grow over recent years and is expected to do so.

Premises

Shop

• Counter with till
• Remote CCTV
• Tobacco gantry
• Shelving behind
• Central double side shelving display for groceries
• Large display for fresh food
• 2 drinks chillers
• 5 display chest freezers

Butchers area

• Large chiller
• Butchers block
• Sink
• Mincer
• Cutting machine etc

Behind the butchers area is a doorway with storage space, off this area is a toilet and shower.

Past this area is a large storage area with roller door to the rear delivery access road and a large walk in chiller.

To the rear of the shop is the house hold goods area with shelving and office, this area would be ideal to be converted into a Post Office area.

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