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Reference C9358
Situated in a parade, busy road which hosts a renowned, prestigious Food Market estableshed over 100 years, densely populated residential & commercial area, CENTRAL LONDON, HATTON GARDEN
Turnover £ 11,000
Price
£172,500
Features
News (we Understand Newspapers Are Shortly To Be Reintroduced, Previously Wholesale Newsbill £2,000 Pw), Confectionery, Tobacco, Household Goods, Cards, Gifts, Vaping, Oyster & Lottery
6 DAYS OPENING
Should the lease holder wish they have priority access from the Council to pitch a stall to the front of the business at terms to be agreed.
GROUND FLOOR DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 540 ft². Suspended ceiling with light panels, vinyl flooring. 2 electronic cash registers, 3 double door fridges, 3 single door fridges, adjustable shelving, ice cream freezer, bespoke desplay cabinets for vape products.
Office/stockroom
Large basement ( in the region of 465 ft²) suitable to sublet for storage purposes
Kitchen area
Staff w.c. with wash hand basin
Turnover
WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. Gross profit of 26% approx. In our opinion there is scope for the sale of sandwiches plus the introduction of wines, beers & spirits, subject to obtaining the necessary Personal & Premises Licence.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
NATIONAL LOTTERY £150 per week approx.
BUS PASSES £60 per week approx.
ATM £200 per month approx.
2 Electricity points to front, used by stall holders providing an income of £100 per week
INTERNATIONAL SHORT TERM LUGGAGE STORAGE £25 per week approx.
Staff
The business is at present operated by the 2 partners
Trading Hours
6 Day week
MONDAY - FRIDAY 8.30 a.m - 6 p.m
SATURDAY 10 a.m - 4 p.m
Outside
Vendor parking to rear
Tenure
We understand the Council are prepared to grant to an approved applicant, a new 12 years lease, reviews every 4 years with a Break Clause every 3 years, at rent to be agreed.
Business Rates from April 2023 £2,400 approx. after small business relief (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1988
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £172,500 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 86,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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