Delicatessens for sale in Hastings

View the "Busy Deli in Good Trading Location" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £48,000 Turnover: £74,270 Gross Profit: £64,000
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Business Description
Business
Hilton Smythe welcomes to the market Yam Yams.

Yam Yams is a very well established business and has been trading for 5 years, our client is now looking to sell this profitable business to enable them to retire and emigrate.

The current owner has put a lot of effort into the business and due to the quality and selection of food on offer has attracted a significant uprise of customers including a considerable number of regular customers. Yam Yams also boasts an excellent on-line presence with 2688 followers and 1487 friends on Facebook, 5 Star reviews from Google, TripAdvisor and Facebook.

Because of the dedication and effort put in from our client, Yam Yams has also gained a 5 star Hygiene rating from the local council.

The majority of the food is homemade and prepared on the premises which includes; salads, jacket potatoes, pasta, hot and cold baguettes, selection of hot and cold drinks and an array of snacks. Yam Yams also offer a click and collect service which has proved very popular with the locals.

Scope to Improve; Advertising and marketing campaign, perhaps a loyalty scheme, maximise the use of social media, extend the opening hours to include late afternoons/evenings and weekends, our clients have advised that just opening Saturdays alone will generate approximately an extra £15,000 annual turnover.

Hilton Smythe highly advise early viewing as this business is likely to attract considerable interest.

Location
Yam Yams is located along Castle Street, near the beachfront in Hastings.

Hastings is a town and borough in East Sussex on the south coast of England, 24 miles East of the county town of Lewes and 53 miles South East of London. It has an estimated population of 90,254.

Hastings gives its name to the Battle of Hastings, which took place 8 miles to the North at Senlac Hill in 1066.

The town later became one of the medieval Cinque Ports, and a popular seaside resort in the 19th century with the coming of the railway.

Yam Yams is ideally and prominently situated amongst a parade of shops along Castle Street with other complementary businesses such as a supermarket, hair salon and many retail shops. Due to Yam Yams excellent location of being 2 minute walk from the beach, the business benefits from high levels of footfall and passing trade.

Hastings train station is 0.3 miles walking distance away which provides a Southern and Southeastern service where you can get into London with 1½ hours, however with the new proposed high speed train service which is expected to be a reality by 2024 will reduce this time to approximately 1 hour.

The bijou premises is nicely presented and maintained with clear, visible signage. There is convenient pay for car parks to the front and rear of the premises.

The business is also perfectly located for all the major seasonal festivals such as Mayday Weekend, Pirate Day, Bonfire Night etc.

Premises
Yam Yams is a grade 2 listed building split over 3 levels of a mid-terraced retail unit and briefly comprises;

Deli - Ground floor
Full length windows and glazed doors to front creating a light airy and inviting interior.

As you enter the premises you are greeted with tiled flooring and kiosk which has a selection of confectionery and cakes located to the left of the counter to the right is a selection of hot food such as sausages and hot baguettes, under the counter are 2 drinks chillers and a selection of crisps.

Behind the counter is the till system along with the card reader, coffee machine, a M2 Turbo over and a professional 1800 watt microwave.

First Floor
Up the spiral staircase you will find racking to both sides of the room with ingredients and utensils, there is also a preparation area to make the sandwiches/baguettes.

Second Floor
Further up the spiral staircase is the top floor which the current owner uses as an office area, this area houses a desk, PC and printer. This floor also has toilet facilities.

Equipment

• The equipment includes;
• 2 Fridges,
• 4 Freezers,
• M2 turbo oven which cost £5,000,
• Chest freezer,
• Saladette,
• Bean to cup coffee machine,
• Steamers,
• 1800 watt microwave,
• Till system and card reader

Tenure
We are advised that Yam Yams is being sold as a leasehold business with the opportunity to purchase the Freehold.

A brand new lease of 10 years is being offered and the rent is £7,500 per annum which is very reasonable given the size of the premises.

We are advised that there are no business rates currently payable.

Hours
Monday to Friday 7am - 3pm

Staff
The business is run and managed by our 2 clients.

Financial Profile
Yam Yams generates an advised current turnover of circa £74,270 per annum with an advised 60% gross profit.

The advised nett profit is £37,624 with an adjusted nett profit of £38,000

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04375
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