Retail premises for sale in Rainham Road South, Dagenham RM10

£25,000
Retail premises for sale
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Property description

Ref 6293 – Leasehold Delicatessen
Blacks Brokers are pleased to bring to the market this leasehold delicatessen located in a busy and much sought-after area of Dagenham, Greater London.


Introduction


Polskie Smaki has been trading on Rainham Road South since 2014 when it was established by our client due to the excellent trading position and gap in the market in this area. The business has become well-known and established a large base of regular, local customers and a superb reputation with many excellent online reviews. The business is family run and offers a superb range of delicatessen and Polish products including alcohol. The owners have also stated that the lease is also available as an empty shop, without the stock at value should a new owner want to re-brand the business for other use.


Location


The business is positioned on Rainham Road South, in Dagenham, Essex and is surrounded by an area of densely populated housing. The shop is within walking distance of Dagenham East Station and the area is well-linked by the A12 and A13. Parking is available immediately outside the property and public transport links are excellent.


Reason for sale


The business is only being offered for sale due to our client’s other lifestyle desires – the business has become very busy with seven-day opening and requires an owner with plenty of time to dedicate to the management and running of this busy shop.


Lease


The building is available on a competitive rent on a Full Repair and insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is ten years with rent reviews every five. The current lease began in 2014 at a cost of £173 per week.


Building layout and design


The business occupies the ground floor of a spacious, end-terraced property within a busy parade of shops and other local businesses. The shop is well-branded, with bright signage displayed and a matching canopy cover to the front. Inside, this is an attractive and well fitted shop floor and sales area with wooden flooring and bespoke wooden shelving fitted throughout. The customer service counter is to the right. At the rear is a doorway leading to two store rooms, an office and a kitchen with a third, very large stock room right at the back. Eight-point CCTV is fitted throughout the shop, and there is also chiller units, drinks chillers and upright fridges in place as required. All areas are finished to a high standard. To the rear of the property is staff parking.


Staff


The business is currently operating with our client working on a full-time basis, supported by family members during busy periods.


Financial details


Polskie Smaki has traded solidly since opening. We are advised business generates an annual turnover of £180,000. Full financial details are available upon viewing.


Summary


This is a very clean, well-presented and equipped delicatessen with very low overheads, located on a busy road surrounded by an area of densely populated housing. It’s licensed to sell alcohol and currently trades selling mainly Polish foods and drinks. It would greatly benefit from being re branded and trading as a universal delicatessen rather than specialising in Polish only goods as it would attract a wider range of customers. In addition to this, there is plenty of space to the rear of the shop floor which is currently used as storage, there is much scope to expand into this area and introduce new product lines or even hot food and snacks. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £25,000.

Please quote ref: 6293

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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