Leasehold Toy & Cycle Shop in East London PRICE REDUCED
Price:
Leasehold - £85,950
Business Type:
Retail businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £290,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides toys and cycles and is a Raleigh Cyclelife Dealership, with a high volume of business in cycle repair and maintenance (the business is also a member or Cyclesheme.co.uk, Cycle Plus and Bike 2 Work).
History
Phoenix Business Transfer Agents are delighted to place onto the market this Long Established Leasehold Toys & Cycle Shop which has been established since 1934. The business has been in the hands of the current owner’s family since 1934 and he now wishes to sell due to a change of career.
Services
This very good business opportunity provides toys and cycles and is a Raleigh Cyclelife Dealership, with a high volume of business in the area of cycle repairs and maintenance (the business is also a member or Cyclesheme.co.uk, Cycle Plus and Bike 2 Work).
Staffing
The concern employs 2 full-time and 1 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known and has a website.
Competition
There is no local competition.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• Increasing the open hours to include Sunday trading.
• With an enhanced website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
- Situated in the Leyton area in East London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A104, A112 and A12.
- Stratford, Walthamstow, Wanstead and Aldersbrook all lie close by.
- Area enjoying much growth and regeneration.
- Close to the 2012 Olympic venues.
- Excellent local demographics for this type of area.
The new lease being offered is of 15 years with 15 years remaining. The rent is £33,000 pa. The lease may be renewable or negotiable for a longer term if required. The rates are £9,478.
Monday to Saturday: 9.15am – 5.30pm
Sunday: Closed
North Yorkshire
£ 750,000
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