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AWARD-WINNING FINE FOOD SHOP IN THE NEW FOREST
Price:
Leasehold - £18,000
Location:
Hampshire , New Forest, RINGWOOD
Business Type:
Retail businesses
LOCATION:
Situated on the High Street in a historic New Forest market town, known as the Gateway to the New Forest which has recently been designated a National Park, the area is famous for its recreational activities. North of the town and the A31 is the nature reserve around Blashford Lakes, which attract large numbers of wildfowl. Sailing, water-skiing and fishing clubs also use the Lakes under agreement with Wessex Water. The area, which incorporates the villages of Bransgore, Burley, Ellingham, Harbridge and Ibsley, has entered a new period of growth and popularity. In addition to year-round visits from tourists, many people chose to retire to this part of the country and the population is now estimated to be around 13,000. Within easy travelling distance of Bournemouth, Salisbury and Southampton, this market town is a popular place to visit, with quality shops of all kinds, free parking, a weekly market dating back to the 13th century and a Festival in July, with French traders visiting and setting up their stalls. The River Avon has played an important part in the town's history, famous not only for its trout and salmon fishing but also, in the past, for its various mills and also for its brewery, recorded on its present site in the early 1800's and resumed in 1978.
BUSINESS:
A high-end, independent, fine food shop established 3 years ago by an ex-John Lewis eployee for 20 years. The Vendor won the New Forest District Council Outstanding Customer Service Award across a 60 mile area at the end of his second year of trading and reached the final 4 in the National Independent Retailer Award for businesses under 1,000 sq ft. This attractive, profitable business offers an array of quality fine foods, gifts and preserves. Many of the products are sourced from smallholdings and farm kitchens, generally only available at selected farmers markets. The products, selected for their local, regional or national influences, include an assortment of preserves, pickles, pastas plus fresh olives and Mediterranean oils. Gift hampers are popular with regular clients at Christmas. E-commerce potential in right hands. Owner also believes a new owner capable of producing their own preserves and pickles would do very well.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The charming brick-built Georgian High Street property trades alongside a collection of other interesting independent stores. The interior offers 480 sq ft of retail floor measuring 45' x 10'10" wide (14m x 3.3m). Stairs from the ground floor lead up to a first floor stock room with further storage in the attic space above. The Customer Service counter is located at the rear of the shop with a staff kitchen, WC and further storage space behind.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
TENURE:
The premises are secured on a renewable, fully repairing and insuring 10 year lease which commenced in September 2007 at a current annual rent of £11,750. There are 5-yearly rent reviews with the next review due in 2012.
RATES:
The rateable value of the business premises is £11,250 with rates of £4,060.37 payable in 2010/11.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.
SERVICES:
We understand from the vendor that mains electricity and water services are connected to the property.
TRADE:
The Vendor maintains detailed trading records which show turnover for the year to 31 March 2011 to have reached £121,327 with gross profits of £49,592 (41%). 10 months' turnover to 31 January 2012 totalled £102,016 with gross profits of £46,881 (46%). Please note that if a business is VAT registered, all figures exclude VAT.
HOURS:
Monday to Saturday 09.00 to 17.30
Sunday Closed
STAFF:
The Vendor works full time supported by three part time staff who work 32 hours between them.
STOCK:
The vendor informs us that the value of the stock at cost is approximately £17,000.
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.
COMMENTS:
Family circumstances force a reluctant sale creating an exciting opportunity for an enthusiastic new owner to build on the solid foundations laid down by the Vendor over the previous three years. E-commerce potential is huge in the right hands particularly for gift hampers.
Detailed financial information including weekly product sales analysis will be made available to seriously interested purchasers after they have formally viewed the business.
Situated on the High Street in a historic New Forest market town, known as the Gateway to the New Forest
The premises are secured on a renewable, fully repairing and insuring 10 year lease which commenced in September 2007 at a current annual rent of £11,750. There are 5-yearly rent reviews with the next review due in 2012.
HOURS:
Monday to Saturday 09.00 to 17.30
Sunday Closed
North Yorkshire
£ 750,000
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