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Deli In Good Trading Location For Sale

Wolverhampton, West Midlands
Asking Price:
£62,999
Turnover:
£207,974
Net Profit:
Available on request

Business
Hilton Smythe welcome to the market Marie’s Deli.

There has been a food based business on these premises for at least 35 years but the current owner’s, a husband and wife team, founded Marie’s Deli roughly 14 years ago and have successfully run ever since. The business is now being sold albeit very reluctantly due to family and personal reasons.

Marie’s Deli sells a comprehensive range of groceries, cooked meats, sausages and bacon, freshly baked breads, cakes and pastries, fresh cream cakes and freshly prepared sandwiches and rolls lovingly prepared on the premises.

Scope to improve
Extend the opening hours
Advertising and marketing campaign
Website to extol the services and products offered
Maximise the use of social media
Offer a delivery service
Outside catering.
Consider introducing a sandwich round to cater to local businesses.

Location
The business is located in the historic village of Wednesfield. A residential area within the city of Wolverhampton. It is 2 miles east-northeast of Wolverhampton city centre.

Marie’s Deli is situated in a busy and vibrant shopping parade in the centre of a densely populated residential housing estate, with properties being a mix of local authority and private housing. The business sits alongside other retail businesses such as a convenience store, betting shop, hair and beauty business and take away food outlets.

The business benefits from high levels of footfall and has many regular customers many of whom are known on a first name basis by the current owner who is a well-liked and respected member of the local community.

Premises
The business is located in the historic village of Wednesfield. A residential area within the city of Wolverhampton. It is 2 miles east-northeast of Wolverhampton city centre.

Marie’s Deli is situated in a busy and vibrant shopping parade in the centre of a densely populated residential housing estate, with properties being a mix of local authority and private housing. The business sits alongside other retail businesses such as a convenience store, betting shop, hair and beauty business and take away food outlets.

The business benefits from high levels of footfall and has many regular customers many of whom are known on a first name basis by the current owner who is a well-liked and respected member of the local community.

Tenure
We are advised leasehold and the current lease expires in late 2018, the rent is a very reasonable £4,800 per annum.

The landlord is the local council and our clients’ have successfully negotiated a new 5-year lease, available for the purchaser.

There are no business rates currently payable.

Hours
Monday to Friday 8.00am-4.30pm
Saturday 8.00am-3.30pm
Sundays closed

Staff
The business is owner managed by a husband and wife team, with the help of a full time member of staff.

Financial Profile
The business reported a turnover in year ending 2017 of approximately £208,00 with a gross profit of roughly £63,000. The average net profit for the last two years has been approximately £38,000.

Property information

Property:

Leasehold

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