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The Deli-LiciousPine Tree Road,Bedworth,CV12

48 sq. m. | £42,500

Property Description

Commercial information

  • Business for sale
  • 516 sq ft (48 sq m)

Key features

  • REF: 2927
  • LEASEHOLD
  • DELICATESSEN

Full description

Tenure: Leasehold

LOCATION
The Deli-Licious is located in Bedworth, Warwickshire.

The business is situated on the end of a small retail shopping parade in the middle of a highly populated residential housing estate. The estate is a mixture of local authority and privately owned housing. There is a great range of stores such as a hair salon, convenience store, grocery store, florist and more. There are free parking spaces outside the row of shops and above are private flats.

The business is located just a short 5 minute drive from Bedworth town centre. In Bedworth town is the closest train station, which has great connections. There are many bus routes close by to the business, which has regular routes to the town. Nuneaton is approximately 3 miles away using the busy A444, this road also connects to the M6 motorway.

BUSINESS
Hilton Smythe is delighted to welcome to the market The Deli-Licious. This deli was first established in the summer of 2014 by our client.

In such a short space of time our client has built up a fantastic profitable business. The owner is now however looking to reluctantly sell due to ill health.

We are advised this is a brilliant business, in a popular area with high demand for the trade. There is a very little amount of competition, therefore the business receives a high amount of business from the locals and passing trade.

The premise is perfect for this trade. The business runs as a delicatessen selling a great range of produce. On sale are foods such as sandwiches, paninis, sausage rolls, pies, cakes, biscuits, sweets and more.

The business is currently generating a turnover of around 68,000 as per 2016 accounts, this is brilliant however we feel this figure could be increased massively. Some ways to increase turnover would be to-
Extend opening hours
Introduce a loyalty scheme to attract repeat trade
Consider advertising on Just Eat and/or Hungry House
Take advantage of free social media
Introduce a website with an example of the menu.

Another way in which turnover could be increased would be to offer an outside catering service. The premise is a perfect size and would be well suited. Outside catering would boost sales massively. We highly advise this should be something the new owner looks into.

Our client would be more than happy to offer a hand over period to the purchaser, if required. The business has been run at a steady pace to suit our client's needs; this deli would be a perfect opportunity for a hard working new owner with the determination to succeed.

This business benefits from low rent as the lease is provided by the local council. Hilton Smythe highly advise any interested parties to view at the earliest opportunity to avoid missing out.

PREMISES
The premise is well signed, with clear bright signage. The front of the property has a large window which allows for a lot of natural light to flood into the retail space.

Inside the property is a seating area for approximately 12 covers. Some products are on display in glass serve over chillers. The kitchen is to the rear of the premise and has an ample amount of worktop space. This property is large, perfect for an outside catering business.

Equipment includes-
Glass fronted drinks chiller
Table and chairs
Serve over counters
Till
Perimeter shelving
CCTV security system
Oven with 4 rings (recently purchased)
Large Buffalo Oven
Microwave
Upright fridge freezer
Griddle
Stainless steel sink and drainer
Wash hand basin
Range of wall and base units
Air conditioning

There is a secure yard to the rear of the premise accessed via steel gates, for use only by the shop keepers in the retail parade.

TENURE
We are advised the business is Leasehold.

Original lease length: 5 years
Remaining lease length: 3 years
Review every: 3 years
Rent: 350 per month

HOURS
The business is open-

Monday - Saturday: 8am - 4pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 3 part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 68,000 as per 2016 accounts.


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