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Retail Property (high street) for sale

Walton Road, Woking, Surrey, GU21

194 sq. m. | £49,995

Property Description

Commercial information

  • Business for sale
  • 2,088 sq ft (194 sq m)

Key features

  • REF: 2333
  • LEASEHOLD
  • DELICATESSEN

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this Italian delicatessen and coffee shop business in Woking, Surrey. The business was established in the 1970s and has been in our client's careful hands since 2009. The business is only now being offered to the market due to our client needing to focus his time on his other businesses. The business is open 6 days a week and generates a turnover in the region of 411,000 per annum with a gross profit of approximately 20%.

Cipullo Limited is a very well established Italian delicatessen and coffee shop with an excellent reputation. The business is very popular and has a vast loyal clientele base. The shop features a seating area for customers to enjoy hot and cold beverages and foods to the front of the shop.

The business stocks a wide range of Italian foods and drinks including meats, cheeses, pastas, wine, cakes and other Italian goods. The shop also stocks general products, foods and drinks such as pops, toiletries, cigarettes and more.

We feel the business would benefit from an owner who is able to spend more time in the shop, the shop could also benefit from a local delivery service which could be popular with the use of marketing and advertising. We are advised the Wolverhampton Jaguar and Land Rover plant that opened up 1/2 miles away from the business, has a lot of potential to increase turnover due to 1000+ new jobs that has been created by the plant.

This is an excellent opportunity for a new owner to take this long-established business to the next level; therefore early viewing must come highly recommended to avoid disappointment.


LOCATION
Cipullo Limited is located in Woking, Surrey.

Situated in a densely populated residential area just a few minute's walk away from Woking town centre and around the same distance from the nearest train station. The business has excellent footfall from the local residents and shoppers heading to and from the town centre.

Woking is a large town located in the west of Surrey. It is at the south western edge of the Greater London Urban Area and is a part of the London commuter belt, with frequent trains and a journey time of approximately 24 minutes to Waterloo station. Woking is 23 miles southwest of Charing Cross in central London. Woking town itself, excluding the surrounding district, has a population of approximately 63,000, with the whole local government district (the borough of Woking) having a population of approximately 99,500.

PREMISES
Double fronted terraced parade premises, briefly summarising:-

Ground floor:

Entrance through double width uPVC double glazed sliding doors, built into a brick extension to the front of the premises. The entrance leads to a fruit and vegetable displays to the left hand side and table and chairs used for food and drinks to the right side.

The area consist of:
Multiple wall mounted adjustable shelved displays.
Multiple free standing chrome wire adjustable shelved displays.
Main sales counter.
Several chilled cabinets.
Deli counter.

To the rear of the shop are staff toilet facilities, office and a staff kitchen.

Storage room:
The storage room is in the rear of the premises and features wall mounted adjustable shelved displays and multiple high grade industrial strength adjustable pallet racking.

Warehouse:
The warehouse is in the rear of the premises and consists of mostly high grade industrial strength adjustable pallet racking. The warehouse is complete with a forklift truck and parking/charging bay.

Assets:
Equipment included in sale consists of but not limited to:-

1 x 4 burner cooker with single oven/grill (rear staff area)
2 x single bowl stainless steel sink and drainer (1 rear staff area, 1 in main shop by deli counter)
1 x electric fork lift truck (rear external storage area)
2 x walk in fridges (rear external storage area)
1 x walls branded ice cream freezer (rear storage area)
1 x Eurocold single width chest freezer (rear storage area)
1 x RGV electric slicer (rear storage area)
1 x Surfrigo upright single width open front chiller/display cabinet (main store)
1 x Coca Cola branded double door drinks chiller (main store)
1 x Stella Artois branded beer chiller (main store)
1 x electronic till (main counter)
2 x electronic scales (1 deli counter, 1 main sales counter)
1 x tobacco gallery with rollup grille (behind main sales counter)
1 x double width glass fronted mid height serve over counter/display (deli area)
1 x single width glass fronted high level serve over counter/display (behind main sales counter)
1 x unbranded single width chiller display cabinet (cheese)
1 x Bizerba electric slicer (deli area)
Multiple ceiling mounted AC units (main store)
1 x wooden glass fronted bread display cabinet (Adj to main sales counter)
1 x unbranded two handle coffee machine (deli area)
1 x Fracino electric coffee bean grinder
1 x Ital Panini grill

External:
The rear of the premises has double gates leading to the rear covered storage area, with rollup shutter door leading to storage room.
Signage to front of premises above doorway.

TENURE
We are advised Leasehold.
Original lease length: 10 years
Remaining lease length: 4 years
Rent: 25,000 per annum

HOURS
The business is open:

Monday - Saturday: 8am till 7pm

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
We are advised the business generates a turnover in the region of 411,000 per annum and a gross profit of approximately 20%.


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