Hilton Smythe welcomes to the market The Cornish Pasty Shop. The business was originally founded by our clients over 15 years ago, with an enviable reputation seeing much repeat trade and a high level of passing trade due to its prime trading location.
Revenue is generated through the retail of a range of award winning traditional pasties with a variety of fillings such as lamb and mint and cheese and stilton, made in Cornwall and freshly baked daily in the store. The business generates a healthy turnover of around £83,000 per annum with a gross profit at circa 55%. The business boasts a well-earned hygiene rating of 5.
Although clearly successful, we believe there is still potential for the business to generate further income, perhaps by extending opening hours or there is the possibility of reconfiguring the shop and extending into the rear to make room for a dining area. This would then allow additional food items such as breakfasts. Certainly a new owner could look into a marketing and advertising campaign and maximise the use of social media to further promote this outstanding business.
The business reluctantly comes to the market due to our client’s family commitments and would be happy to offer a handover to ensure the continued success of the business.
The business is located in the vibrant city of Derby.
The Cornish Pasty Shop is ideally situated in the bustling Intu shopping centre in Derby town centre, with massive levels of footfall throughout the day.
There is ample parking at the centre and the bus station is adjacent, with the nearest train station just a short stroll away. The area is served by several A roads and the M1 is an easy drive away.
Single fronted premise briefly comprising:-
Fully glazed to front creating a light, airy and welcoming interior. Window display with wicker baskets displaying range of products offered, tiled floor, open drinks chiller, suspended ceiling with concealed lighting and spotlighting, bespoke counter, heated serve over and freestanding crisp racking.
Breakfast bar with stools beneath and tiled splashback. Ceiling mounted menu boards. Refrigerated salad bar, coffee machine, potato oven, soup maker, stainless steel preparation table with two microwaves beneath, larder fridge, tall freestanding freezer and 2 commercial fan ovens with useful shelving beneath.
Generous office/store room with two chest freezers, office area and perimeter shelving.
There is a good sized store room to the first floor with 3 chest freezers and a walk in chiller currently used for storage. Stainless steel sink and drainer with drawer and double cupboard beneath and a water heater above and run of worktops.
The business is well presented with clear visible signage and a couple of tables outside.
We are advised leasehold.
The original lease is 5 years and is due to expire in November 2017.
Rent is £28,600 per annum.
The business opens:-
Monday to Saturday 10.00am – 3.30pm
The business is run and manged by the two owners.
The business generates a healthy turnover of around £83,000 per annum with a gross profit at circa 55%.
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