Delicatessen in Surrey South West London For Sale

Business description

Situated in a sought after affluent area within a south west London borough. Attractive terraced premises in a busy shopping parade. Retail area of 40’ x 17’3 overall including an office area. Accounts to the year end August 2007 show net sales of over £279,000 producing an adjusted net profit over £68,000. Under the same ownership since 1992. Self contained first & second floor maisonette comprising hall, lounge, kitchen, three bedrooms and bathroom – currently let.

Property information

Property:

Leasehold

Lease terms:

The premises are held on a 15 year lease from October 2006 the current rent being £21,860 per annum with rent reviews every five years.

Living accommodation:

PRIVATE ACCOMMODATION – CURRENTLY LET The self-contained apartment has been let at a rent of £900 per month on an assured shorthold basis. Shared External steps up to:- FIRST FLOOR Communal walkway access to storage cupboard and to:- Entrance Hall Stairs to the second floor. Living room Extending to approximately 15’11 x 15’ overall. Front aspect. Door to:- Balcony Kitchen Extending to approximately 10’3 x 8’11 SECOND FLOOR Landing Airing cupboard with lagged water cylinder. Bedroom 1 Extending to approximately 12’2 x 11’3. Front aspect. Bedroom 2 Extending to approximately 11’ x 7’7. Rear aspect. Bedroom 3 Extending to approximately 12’2 x 6’. Front aspect. Bathroom Panelled bath, low level wc and wash hand basin. Part ceramic tiled walls.

Location:

The business is located on a main ‘A’ road part of a parade of a shops, in a busy shopping area, with two hour ‘pay and display’ parking to the front.
A mid terraced three storey property forming part of a shopping parade. The ground floor shop is single fronted with a canopy over the window and central glazed double entrance doors. Outside at rear is a staff cloakroom and two garages one now used as a stock room and the other as a freezer room. The three bedroom maisonette is on the first and second floors and has the benefit of a balcony and patio.

Other information

Competition / Market:

The present owners started the business in August 1992 taking over the current premises from a grocer and are now reluctantly selling due to family reasons. This traditional delicatessen sells a wide range of quality foods including fair-trade and organic. The range of products sold is impressive and includes cheeses, cooked meats, bread, olive oils, pasta, teas, coffees, together with sandwiches, ciabattas and etc. The delicatessen also offers some of the Cook range of frozen meals and desserts. Sales, as can be seen by the figures over, have risen steadily and V.A.T. returns for the last three quarters (ending in 02 08) show net sales of £213,967. Our clients advise that no advertising is undertaken.

Trading hours:

Monday - Wednesday 9.00 to 7.00; Thursday 9.00 to 6.30; Friday 9.00 to 7.00; Saturday 9.00 to 5.30

Contact the seller