Pawnbrokers/Cashconverters for sale in Bow

View the "We Buy 4 Cash are proud to bring to the market this leasehold retailer located in the much sought after bustling area of Bow, London." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

We Buy 4 Cash are proud to bring to the market this leasehold retailer located in the much sought after bustling area of Bow, London.

Bow, London, England

  • Leasehold Price: £60,000
  • Annual Turnover: £220,000
  • Annual Net Profit: £40,000
Seller Reference: PAX0206162443
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Business Description
 
 
 
 
 
 
 
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Seller Reference: PAX0206162443
Request Details
Business Description
We Buy 4 Cash are proud to bring to the market this leasehold retailer located in the much sought after bustling area of Bow, London.

This is a thriving business with an annual turnover of £220,000 PA (with accounts to prove) and growing. The business model is different from any competitors, this in part is due to its flexible approach. Whereas competitors will only purchase certain items within a specified bracket, We Buy 4 Cash buys everything from everyone. This could be something as simple as an Apple MacBook to a Mercedes Benz. The thinking behind this is that everything holds a certain value and we have established the business over the past two years so our regular clientele know the business model and what we can or can not buy.

The rent is cheap enough and the business turnover and margins for profit have exceeded what was expected annually, this is an amazing opportunity for anyone looking to be self-sufficient making money.

We Buy 4 Cash has also introduced the BUYBACK scheme. This is a system where people trade in their items for 28 days for a cash price, with the option to buy it back with a storage fee on top. In these uncertain times of imminent redundancy for many, this is the type of fast cash service so many are searching out.

The room for growth via the internet and via footfall is tremendous. With a strategic approach to advertising you can be sure to see your new company build and expand on the already laid foundations, not only within this physical retail store, but via online portals and even into multiple physical sites with the right attitude and acumen.

All systems are already in place for buying and selling on multiple platforms, as well as the Buyback scheme.

The Current rent is £12,000 per annum with zero rates. The landlord is non-intrusive and merely requests that rent be paid on time.

The retail unit itself had an extensive and professional shop fit in July 2018 this was to the tune of £35,000, all of the fixtures and fittings will be included in the sale of this impressively laid out shop.

The Unit is laid out over 2 floors, comprising of ground floor and basement. The retail shop is located on the ground floor with direct access to the street, boasting an impressive shop front and internal space, towards the back of the unit there is a staff storage and office area again this is of a very good size and has been well thought out with security doors. The basement area hosts the staff bathroom, kitchen area, stock room and a separate shower and toilet room.

This is a fantastic opportunity for someone with foresight of the current financial climate and the means and dedication to make it work for them.

The reluctant reason for selling of the business is due to relocation solely.

We are placing this business for sale at £70,000 with the additional option to buy a portion of current stock to keep you in the retail game and to start you off. Additional features can be discussed to expand the package at additional costs. All hands-on training will be included within the final selling price and will comprise of a 2 week period of 1-2-1 training with a senior member of the company or a director. This is an unmissable opportunity.
Trading hours:
10.30-6pm
Number of employees:
1
Tenure:
Leasehold
Support and Training:
Full one on one training will be provided for a period of two weeks with a senior member of management or a company director.
Location Details:
Bustling Bow Road (Market road)
Is this business relocatable:
Yes
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