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Shop for sale

Talbot Road, London, W11

Sold STC £199,995
104 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,123 sq ft (104 sq m)

Key features

  • LEASEHOLD
  • Ref 13994J

Full description

Tenure: Leasehold


LOCATION
Marios Keys Ltd is located on Talbot Road, just off the famous Portobello Road and market in Notting Hill, London.

Talbot Road is a popular street of shops and residential dwellings in desirable Notting Hill and a district of the Royal borough of Kensington and West London.

The busy west London location is famous for its array of independent retailers, famous market stalls, trendy cafes and bohemian atmosphere. The area is extremely popular with commuters working in London and many well know celebrities.

Closest tube is Ladbroke Grove and there is metered parking directly outside the business.

BUSINESS
Hilton Smythe are delighted to offer to the market Mario's Keys Ltd, offers for sale due to our clients wish to now retire.

The highly regarded key cutting and locksmiths business is one of London's most established. First opening its doors here in the 1980s and moved across the road to this shop in 1993 and purchased by our clients in 2006.

They offer a large range of keys, locks, security safes as well on site surveys for new locking systems and repairs.

The business is also a member of Trusted Traders.

Currently the business is split between 50% walk in retail customers looking for general key cutting, new or replacement locks to 50% commercial customers with key clients from the housing association, estate agents and the many landlords who own properties in the area.

Lock repairs and replacements are generally carried out in office hours and our client normally travels between 8-9 miles of the shop's location.

Potential to grow this side by offering an out of hours' service currently farmed out to a self-employed Locksmith. Renewed advertising and website and more locksmith trained staff could prove beneficial to the new owner.

Handover period offered.

Ground floor large retail area (circa 104sq m), with raised window display section, shelving to the left displays range of security safes, the right the choice of locks and key systems.

To the rear is the L shaped service counter with array of key cutting machinery.

Admin office - 2 x large desk with PCs, file storage.

Lower ground floor - large area for storage, a large workroom, staff kitchen and toilet

Equipment included: -
Office:
Computer and printer
Fax Machine
Safe
CCTV System and monitor
Fridge and microwave and kettle
Shredder - cross-cut
Storage cabinets
Filing cabinets

Working Area:
Secure cabinet for hazardous materials
Router DeWalt
Table saw Delta
Circular fixed saw
Circular Portable saw
Generator Honda GX160 portable
Welder Stopweld 140
Griders 2 X fixed
Griders 2 X portable
Ladders
Clamps

Key Dept:
Till
Note checker
Cordeless phones
Cutters Rekord Plus X 2
Lancer X 2
Bravo
Unocde 399
Silca Marker 2000
Multi-lock cutter
Silca Matrix SLX
Silca Delta 2000
Jakey
Fob programmer
Key cutting computer
Ordering computer

TENURE
We are advised Leasehold.
The original lease length is 25 years
As of 2017 14 years remain.
Rent is 44,200 per year.
5 year rent reviews
Business rates are currently 19,440.

HOURS
The business currently opens:-

Monday to Saturday 9.00-5:30pm
Sunday closed.

STAFF
2 x owners, 1 of which works in the shop and the other mainly in the field as Locksmith , 1 x full time shop member and 1 full time locksmith.

FINANCIAL PROFILE
As per 2016/2017 accounts turnover is reported at 267,000.


Map & Street View

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