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Shop for sale

High Street, CO5

Under Offer £85,000

Property Description

Commercial information

  • Business for sale

Key features

  • Traditional delicatessen, popular coastal town
  • Annual turnover in the region of 209,000
  • All fixtures and fittings included within sale price
  • Viewing strongly recommended

Full description

Tenure: Leasehold

DESCRIPTION
A superb opportunity to acquire The Mixing Bowl Delicatessen, which has been under the current ownership since 2011, although there has been a delicatessen on the same site since 2006. The business is now being offered for sale due to our clients other business interests.

The Mixing Bowl Delicatessen occupies a prime location situated in a densely populated and popular residential area of Essex, on the coast which is a destination resort throughout the year and not just during summer time. The business underwent a major re fit in 2011 and now boasts first class bespoke display shelving and quality glass fronted chiller display units.

The business provides an extremely good selection of parma hams, cooked meats, fresh olives, homemade coleslaws and a vast selection of cheeses from around the world. The business also retails a good selection of breads which are baked on the premises on a daily basis, along with a selection of olive oils and balsamic vinegars to suit all tastes and budgets. A small selection of red, white and rose wines are also available to complement the produce.

In our opinion, further income could be generated by expanding the outside catering element of the business, as we have been informed by our client there is a constant request for sandwich platters and party catering, but due to other business commitments our client has only provided locally when time allows.

There is a small outdoor space to the front of the shop which could be used for 6-8 covers, subject to landlord approval and any planning requirements.

SALES
Current shop sales average approximately 4,000 to 4,500 per week.

ACCOUNTS
Current records and accounts can be inspected after viewing by genuinely interested parties.

TRADING HOURS
Monday, Tuesday, Thursday and Friday 09:00 - 17:00
Wednesday 09:00 - 14:00
Saturday 09:00 - 16:00
Sunday and Bank Holidays Closed


STAFF
Managed on a daily basis the by the owner along with a mix of full and part time staff during busy periods.

PROPERTY
The business operates from the ground floor of a deceptively spacious, mid terraced period property which is located on one of the main roads in and out of the town centre, among other independent retailers.

TRADING AREAS
The trading areas creates a light and airy, welcoming feel and is presented in an excellent condition due to the refit in 2011, which was carried out by our client with no exspense spared. The open plan set up gives ample space for glass fronted displays, which are used for fresh produce such as cooked meats, hams and a large selection of cheeses, along with homemade pies and the shops famous sausage rolls, which sell at a rate of approximately 250 per week. Other bespoke shelving is used to display local jams and preserves, olive oils, wines and a small selection of retail goods.

ANCILLARY AREAS
There is a large commercial kitchen to the rear of the property, which is extremely well fitted with stainless prep tables, various fridges and freezers, bread oven and commercial mixers all of which are included within the sale price.

A staff WC, storage facilities and utility room with plumbing for washing machine and tumble dryer can also be found within the premises.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that a new 10 year lease will commence on change of ownership subject to landlord approval along with rent reviews at 5 yearly intervals. The current rent is 7200 per annum. Correct as November 2015.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
We are of the opinion that this is an extremely good business opportunity for an experienced deli operator, or indeed anyone looking for a change of life style due to the regular and loyal customer base which has been built up over recent years.

An inspection is highly recommended to fully appreciate the over business opportunity, condition and location in general.


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