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Ideally Located Deli & Cafe

City of London, London
Leasehold Price:
£149,995
Status
FOR SALE
Advert ID
243847
Reference
B05283 / Rightbiz
Business
Hilton Smythe are delighted to present to the market a renowned Deli and cafe business, recently granted a A3 licence it is now being made available with a new long lease for any new buyer.

The business comes with 20 years trading history, 11 of those with our client who is now selling due to his wish to retire.

The Deli attracts many loyal local customers from tradesmen, residents and working professionals.

It offers an extensive sit down cafe menu and takeaway sandwich menu board which includes breakfast, escalope melts, jacket potatoes, pasta dishes, homemade soup, club sandwiches, salads and daily specials. The business is renowned for its chilled salad bar at the front of the shop which allows customers to help themselves, they specialise in the ‘bespoke sandwich’ with lots of unique fillings and choices of breads including many options for both vegetarians, vegans and those looking for a healthier alternative.

Our client advises 70% of the turnover comes from takeaway and 30% from Eat in customers.

Currently only 1 delivery customer is catered for on a weekly basis.

Our client admits the business is now run to suit and there are many options available for any new buyer to quickly increase the current sales levels:
Extend the opening hours to include a new evening bistro menu, pizza or kebab menu
Open Sundays
Add a delivery partner (such as Deliveroo, Uber, Just Eat or a City eats) to boost the delivery sales levels
Add more corporate lunch platters, buffets and out of hours catering
Increase the hot food menu to include more kitchen prepared meals
Add an alcohol licence
Maximise the large available space in the cellar (adding a new kitchen are would help boost the delivery side of the business)

Obtaining a food business in this area with A3 use is now very rare and we therefore recommend early viewing to avoid disappointment.




Location
Piccolo Deli occupies a highly enviable trading position in Charterhouse Buildings (off Goswell Road), Clerkenwell, London.

Charterhouse Buildings are located at the cross section of Old Street and Goswell Road and minutes’ walk from the Barbican as well as being directly in front of the Charterhouse university and campus.

The area is a hub for central offices, international business centres, fashion, food and music and education with many new residential developments now being sold for the thousands of professionals looking to both live and work within this vibrant area.

The Deli is centrally positioned along a row of complementary business types and offices.

Nearest Tube is Barbican.

Goswell Road (A1) connects the City to Islington and Holloway.



Premises
Customer waiting area:
Salad bar, preparation table, 2M open drinks chiller, window menu tv board


Service counter:
Long L shaped glass fronted display counter, double panini grill, large griddle, 2 x commercial microwaves, stainless steel fitted rear counter unit, 2 x pan Bain Marie, Turbofan oven, 3 x arm semi-automated coffee machine and grinder, upright fridge


Customer sitting area:
Bright area, fully tiled with 2 rear windows, 55 covers and wall mounted TV


Cellar area:
Separate ladies and gents’ toilets
Dishwashing area with stainless steel prep sink unit
Secure storeroom
Office area
Large storeroom with 4 x storage racks, 2 x chest freezers, 4 x upright fridges, hand wash sink, stainless steel prep tables, meat slicer, back up equipment
Staff area




Tenure
We are advised an additional 10 years will be added to the current remaining term of 2.5 years lease with an annual rent of £35,000 per year. Current business rates sit at £20,000 payable this year.

Hours
MONDAY TO FRIDAY - 7am - 5pm
SATURDAY - 7 - 4pm
SUNDAY - closed




Staff
The business is run and managed by our client with the help of his wife and 2 other members of the team only.

Financial Profile
The business averages around £6,000 per week and annual turnover in the region of £300,000.

Seller Details
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Listing Details
Leasehold Price: £149,995
Tenure: Leasehold
Location: City of London, London
Sector: Delicatessens, Cafes
Financials
Annual Turnover: £300,000
Location Statistics
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