Spanish Portuguese Delicatessen For Sale

Business description

The business trades as a high quality Spanish and Portuguese delicatessen and off-licence and serves a range of produce some of which is unavailable anywhere else in South Wales. It sells both fresh and dried foods including specialist coffees, olives, oils, vegetables, drinks, wines, beers, pastries, sausages, chorizos, hams, meats, pastas, etc. The shop premises comprise a lock-up corner retail unit to the ground floor with large frontal glass display window and wooden floors and a three-bedroomed family apartment to the first floor. Garage and yard. SALES SHOP AREA 47 SQ.M. Wooden floors, high ceilings. It has the benefit of 4 cctv cameras and monitor. Shop equipment includes 2 glass topped freezers, one 4ft cold food display unit, one 6ft Valero cold food display unit, two electronic tills, slicing machine, Gaggia coffee machine, baking oven, glass topped ice cream fridge, one Coke fridge, one double Schweppes fridge. Chest freezer. We have not been provided with profit and loss or balance sheet accounts but are informed that the shop is currently taking in the region of £120,000 per annum. Gross profit is stated to be running at approximately £40,000 per annum. Stock is included in this sale and we are informed that the current stock level is in the region of £25-30,000. We are informed that the rateable value of the premises is £7,300 and that the business rates payable for the current year (2008/09) are £3,401.80. Council Tax Band D. Cardiff City Council.

Property information

Property:

Leasehold

Living accommodation:

We have not inspected the living accommodation as it is current rented out on an Assured Shorthold Tenancy but are informed that it includes 3 bedrooms, 1 family living room, 1 kitchen, family bathroom.

Location:

The business is located on Cowbridge Road East, at one of the busiest junctions to the west of Cardiff. It sits a couple of hundred yards off the A48 on the way into Cardiff City Centre and as such attracts large amounts of both passing and local trade. Other amenities including commercial banks and multiple stores are in the near vicinity and the delicatessen has quickly gained a reputation as a destination retail outlet.

Other information

Trading hours:

The shop is currently open from 9am to 5.30pm 6 days per week.