UNDER OFFER Attractive Delicatessen ,York. Ref: C 646

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Description

Ashbys enjoys a prominent location in a small parade on Tadcaster Road, one of the main routes to and from the city centre. The business is run from delightful character premises with features such as beamed ceilings and one cannot fail but to be impressed with the standard of presentation and the general ambience which becomes apparent as soon as the shop is entered. The business is renowned for its high quality and often home made products and there is also a good selection of fine wines. Our client also undertakes some outside catering work which helps to boost income. All in all, this is a very attractive business offered an an equally attractive price.

Price

UNDER OFFER

Details

The premises have an area of approximately 34.4 sq.m. which is divided as follows:

Sales Area being comprehensively fitted and stocked to include 2 glass fronted refrigerated serve overs, stainless steel salad fridge, upright freezer, upright fridge, meat slicer, electric scales, cash register, coffee machine, display shelving and units.

Preparation Area being fitted with electric cooker, fat fryer, Turbofan oven, microwave oven, toaster, food mixer, small freezer stainless steel freezer unit. Through to:

Kitchen with stainless steel sink unit, separate wash basin, stainless steel trolly.

Staff wc.

Outside metal storage shed housing another freezer.

RATES

The RV is £3250. Rates Payable 2009 / 2010 £1563.25. It should be possible to reduce this by 50% under the Small Business Rates Relief Scheme.

LEASE

The property is held on a 10 year full repairing and insuring lease from April 2005 with 3 yearly reviews at a current rent of £8000pa.

BUSINESS

Accounts for the Year Ending 30 / 11 / 08 show sales of £119,095 and a Gross profit of £41,984. We calculate that the adjusted net profit for that year was around £19,000. Takings for this current year are anticipated to be around £130,000 which should produce adjusted net profits of around £21,000. The supplier of the wines only has to be paid as each bottle is sold therefore there is no requirement to pay for the wine up front. Full accounts information is available on request to genuinely interested parties.the business is currently run by our client and his wife with no outside employees.

COSTS

The purchaser will be responsible for all reasonable legal costs involved in the transaction.

Viewing

By arrangement with The Agents on 01904 794812.

Important

Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.

Vat

All prices and rents are deemed to be exclusive of any VAT which may  apply.

Note

Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided.  We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect.