Popular Village Deli & Sandwich Bar - Dudley

Trading Since 1977
Prominent Village Trading Position
Year End Accounts Available to 05 April 2020
Annual Turnover £133,751
Gross Profit £72,859
Positioned Within a Busy Parade
5* Food Hygiene Rating
Scope to Extend Opening Hours
Excellent Online Reviews
To Be Sold As A Going Concern
Free Parking In Immediate Vicinity
Large Base of Regular Customers
Comprehensive Website in Place
Potential To Introduce Deliveries Through Just Eat
EPC - C
REF 6683 – Leasehold Popular Village Deli & Sandwich Bar

Blacks Brokers are pleased to bring to the market this leasehold deli & sandwich bar located in a busy commercial area of Dudley, West Midlands.

INTRODUCTION

Mrs B's has been trading on Louise Street since 1977. Our client took ownership of the business in 2012 due to the excellent reputation and trading position. The business is well known and has a good reputation in the area with a large base of regular customers. Excellent online reviews are noted on Google, Trip Advisor, Yell and Facebook.

LOCATION

The business is positioned within a busy parade of shops and businesses neighbouring a combination of both independent retailers and large multiples such as Sainsburys. The area is well linked by the A491 with good public transport links and free parking in the immediate vicinity. There is private parking for one vehicle to the rear of the shop.

REASON FOR SALE

The business is being offered for sale due to our client’s other business interests and presents an excellent opportunity for a new owner to take the business to the next level.

LEASE

The building is available on a competitive rent on a Internal Repairs Only lease (IRO). This is the most common form of commercial property lease. The current lease is a five year lease which began in May 2019 at a cost of only £125 per week.

BUILDING LAYOUT AND DESIGN

Mrs B's operates from the ground floor of a spacious, mid terraced property. The business is well branded with large signage displayed above a fully glazed frontage. Inside, the deli is very well presented with large chilled display counters and a dining area for four. Behind the counter is a well equipped commercial kitchen fitted with stainless steel worktops, oven, microwaves and wash up area. Each area is presented well and finished to a high standard.

STAFF

The business is currently operating with six members of staff in employment supporting our client and partner.

FINANCIAL DETAILS

Mrs B's has traded well during the last four decades. We are advised that the Annual Accounts for 05 April 2020, currently show an annual turnover of (Year End 05 April 2020) £133,751 with gross profit of (Year End 05 April 2020) £72,859. At present there is a coffee machine leased at a cost of £104 per calendar month. Full financial details are available upon viewing.

SUMMARY

This leasehold business occupies a superb trading position in a busy area. There is plenty of scope to develop the business further with the introduction of delivery services and a registration on partner sites such as Just Eat and Hungry House. New opening hours to accommodate later nights could also be beneficial and there is also scope to launch a catering service in the local area. This is a fantastic opportunity for a new owner to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
3x Ovens

1x Large Boiling Oven

1x Large Stainless Steel Double Sink

2x Microwaves

2x Griddles

1x Blaine Marie

1x Large Tea Urn

3x Large Floor Standing Fridges

1x Small Under Counter Fridge

1x Cooked Meat Slicing Machine

1x Large Refridgerated Serving Cabinet

1x Refrigerated Window Cabinet

3x Center Feed Dispensers

1x Large Freezer

1x Vacuum Packer

1x Toaster

1x Deep Fat Frier

1x Large Hot Holding Lincat Cabinet

2x Stainless Steel Tables

1x Panini Machine

2x Cash Tills

3x Tables with Chairs

Variety of Utensils