LOCATION:
BTC is delighted to present this Indian sweets business located in North London. Situated on Bowes Road, the shop benefits from a prime location surrounded by restaurants and malls, making it convenient for both residential and commercial customers. It's perfectly situated for transport links as Arnos grove tube station within just 0.8 miles and New Southgate Train station with 0.9 miles almost in center of the 3 underground train stations, just 5 minutes walk away from neighborhood school, bus stop is just 2 min away of the shop & easy access to A406 North Circular Road.
Genuine Retirement Sale.
OVERVIEW:
Opportunity to acquire a well-established Indian sweets shop that has built a loyal customer base over the past 40 years. The shop is highly rated for its hygiene, cleanliness, and food safety management. Known for supportive towards the local community, this business comes fully equipped with modern kitchen appliances, most of which are in brand new conditions. The property consists of two connected shops with a partition between them, though the second shop is currently not in use.
The business has been profitable, and there is plenty of potential for growth. The shop comes with an existing gas supply, which is a significant advantage for the oncoming buyer and will facilitate starting a new business, It has 8 covers inside and benefits with no nearby competition, which will make it easier for the new owner to expand and succeed.
TURNOVER: £50,000 per annum (it use to be more before but due to limited working hours the turnover is less now)
RENT: £15,000 per annum
TENURE: 6 years lease outside the tenancy act left. (Renewable lease)
Size: Total area approx. 1300 sq. ft
It comes with 3 toilets
Timings: The shop currently operates with very limited hours, open from Wednesday to Sunday, 11:00 AM to 5:00 PM. Closed on Mondays and Tuesdays.
POTENTIAL: There is significant growth potential for this business. Currently, the shop operates with limited hours, so extending the opening times, including weekends, could increase revenue even further. The new owner could also expand the menu, which is currently limited, and develop their own website to generate online sales will help to further boosting the business.
Equipment's:
This shop has everything you need to run a successful business.
1 gas cooker
2 coffee machine
1 ice-cream machine
1 steamer
1 dove mixture
3 stove
3 fridges
Air condition
A range of furniture, including a TV and sofa
The total value of this equipment is approximately £45,000.
The premium price of £45,000 comes with all the above equipment's, fixtures, and fittings in the shop. This is a great deal for a ready-to-use shop.
BTC TO BE RETAINED
