Business Type:
Food Service Businesses
• ADVISED AVERAGE GROSS WEEKLY TURNOVER £1,700 -GP 70%
• PROMINENT POSITION WITHIN BUSY SHOPPING CENTRE
• BENEFITS FROM HIGH FOOTFALL
• PRIME GROUND FLOOR LOCATION NEXT TO LIFTS & TOILETS
• FULLY EQUIPPED TO HIGH STANDARD
• LARGE STORAGE AREA ON FIRST FLOOR
LOCATION
The Marlowes Shopping Centre is in the heart of the retail district in Hemel Hempstead and is anchored by Marks & Spencer, Wilkinsons and New Look. The scheme has a diverse mix of retailers from fashion and footwear to food and phones, including Topshop, River Island and Republic.
Hemel Hempstead is in Hertfordshire and is easily accessible via the M1 motorway via Junction 8.
DESCRIPTION
The premises comprises an A3 ground floor lock up shop with external seating area and a large first floor remote stockroom. The centre benefits from a multi-storey car park with 1,200 parking spaces and a lift which opens next to the business. The premises is fully equipped to a high standard.
EXTERNAL
Small seating area with 4 covers.
FIXTURES AND FITTINGS
Display chillers Coffee machine
2x Microwaves Bain Marie hotdog warmers
Slush machine Coffee grinder
2x Cash tills Oven
Fridge Water heater
2x Freezers 4x Large chest freezers
Deep fryer and chip dump machine
13 Illuminated menu boards
STAFF
The business is operated by our client on a part time basis as the sole trader, together with 1 full time and 1 part time member of staff.
INTERNAL AREAS
The property offers the following approximate
dimensions:
Shop:
Zone A 19.70 sq. m. (211.97 sq. ft.)
Seating Area 2.30 sq. m. (24.75 sq. ft.)
Total NIA 22 sq. m. (236.7 sq. ft.)
LEGAL COSTS
The incoming tenant (will be responsible for) is to pay for the landlords legal costs relevant to the assignment of their lease.
BUSINESS RATES
By reference to the VOA website we note the rates payable for 2010/2011 is circa £7,762; to be confirmed.
THE BUSINESS
The fast food outlet serves hotdogs, burgers, coffee and cold drinks. The shop has an attractive layout with well positioned menu boards and a prominent colourful fascia. This is a very unique business which may be suitable for owner operators. We are advised by our client that the gross weekly turnover is £1700, generating a gross profit of circa 70%.
TRADING HOURS
The business currently trades Mon – Sat 9 am – 5.30 pm and Sun 11 am-5 pm
TERMS & TENURE
The premises is held on a 10 year lease commencing November 2009 with an annual rent passing of £17,000. Formal rent reviews are conducted every 5 years. The tenant will also be subject to an annual service charge of £1,300 per annum.
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