Delicatessens for sale in South West London

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Ian McGregor (Nov 2013)
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Leasehold Price: £65,000 Annual Turnover: £155,000 Annual Net Profit: £1
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Business Description
A well-established delicatessen in south west London. The shop has an excellent trading position in the middle of a parade of mixed retail independents. It is situated in a densely populated, affluent residential area of south west London, attracting local residents, lunch-time office workers from the many small businesses nearby as well as custom from further afield. The street enjoys free parking, unusual in London.
The shop front has a half glass frontage with a pavement canopy. The trading area was redesigned in 2014 and has wooden floors, spot lighting and several glass display units for own-made food, cheese, drinks refrigeration, ice cream freezer, coffee machine and grinder. There is a wall-mounted air conditioning unit.
A storage room adjoins the main retail area with separate kitchen and scullery. Should a new tenant wish it would be simple to add a cafe to part of the existing layout within the terms of A1 use. There is no cafe nearby. In the warmer months, income is boosted by 6-8 covers from pavement tables. There is an off sales wine licence.
This has 2 electric ovens, 2 hobs with 4 rings each, stainless steel work tops, 2 refrigeration units, food mixers, chest freezer and dishwasher in a separate scullery with separate storage area.
Income is mostly generated from own-made food cooked in the on-site kitchen boosted by retail shelf sales.
The shop is run by the owners 6 days per week with 2 staff in the kitchen - a chef and a kitchen assistant. Trading hours are Monday to Saturday, closed Sundays.
Leasehold, a 10 year lease which expires in 2020. The lease is renewable within the Landlord and Tenant Act.
Rent is £15,000 p.a.
Business Rates £3,200 p.a. payable for 2016/2017
Turnover £155,000pa

Selling Price £65,000 to include lease, goodwill, fixture & fittings plus stock at value.
Accounts available upon agreement of total confidentiality of sale and bank references.
Email enquiries to
Trading Hours:
10.00am-6.30pm Monday-Friday
9.00am-6.00pm Saturday
Closed Sunday & Bank Holidays
2 weeks at Christmas & New Year

Number of Employees: 1-5

Tenure: Leasehold

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