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Health Food Business In Prominent Trading Location

City of London, London
Leasehold Price:
£159,950
Status
FOR SALE
Advert ID
246272
Reference
B05398 / Rightbiz
01204556300
Business
Hilton Smythe are privileged to present to the market ‘Paleo Supply Company London’ an exciting healthy focused brand recently introduced to the new Wharf Kitchen. Our client brings this business to the market due to other business commitments. 

Paleo Supply Company London is making these food options available to takeaway, using natural ingredients. Customers who are focused on their own personal fitness, have a passion for ethically produced food or those who simply have their own dietary requirements have become excited followers of this new brand.

There has been approx. £175,000 invested into the brand design, menus and other food partners, store appearance and equipment installed. Due to an exciting new job opportunity overseas, our client is now looking to sell, allowing any new buyer now to capitalise on this instant success which will offer endless scope for future development.

The menu includes -

  • Açai bowls
  • All day health and fitness food 
  • green juices and teas
  • protein shakes
  • desserts
  • Pancakes
  • Kombucha
  • hot food 
  • monmouth coffee 
‘Paleo Supply Company Limited’ is the nominated outlet here at canary wharf and sales for Açai (frozen berries) averages at £1,200 per week. Other supplier partners include Monmouth Coffee and Vegan Soft Serve.

The brand is proud to be Eco friendly with all cups and packaging used.

Our client advises us 54% of weekly sales are from derived from walk in customers and the remaining 46 % from delivery orders.

Our client opens for both breakfast, lunch and early evening customers however with many similar businesses in this area the busiest time will be 12.30pm-2.00pm.

The success of the delivery partners enables the business to achieve the average sales of £5,500 per week.  There is an in house delivery partner ‘Seamless’ here  at Canary Wharf used by all who work there and particularly busy when workers are required to work after 5,  currently this is the main delivery partner achieving between £6,000-£7,000 per month. 

Other delivery partners include Ritual, UberEATS, Deliveroo and recently introduced ‘Meal Pal’ which is already scheduled to meet the delivery levels of Seamless.

Currently all food prep is carried out here at the unit with a small separate storage unit used.

Our client identifies this business is in its very initial stages of growth and that he is offering now to market much earlier than he had initially anticipated which is reflected in the price we have placed in the business.

We identify many areas a new owner may look to increase and expand this exciting brand -

  • Linking with a national Gym group either through franchise or simple Supply only agreement
  • Expand to other sites across London
  • Establish a standalone delivery kitchen
  • Improve the current website and social media presence
  • Offer a customer loyalty card with linked offers to promote membership levels
We rarely see such strong and ethical brands come to the market in this area or many sectors and therefore we would highly recommend early viewing to avoid disappointment.



Location
‘Paleo Supply Company London’ occupies the most prominent unit within the recently added Wharf Kitchen area in Jubilee Place at Canary Wharf, London.

Wharf Kitchen - a new addition to the standard High Street brands available in and around Canary Wharf, offering a mix of foods from across the globe and brought together in one vibrant market hall space on the lower mall.

This business is 1 of 7 located within the area and demand for any unit here is extremely high.

Canary Wharf is 1 of London’s greatest out of City Financial projects, the first building was completed in 1991, including 1 Canada Square, which became the UKs tallest buildings and a symbol of the regeneration of Docklands.

There are now over 100,000 people working here at Canary Wharf which is projected to more than double in the next 10 years, the average wage is also in excess of £100,000 per year.

There is a growing number of restaurants, apartments development, staff and leisure facilities being added. Opening any business within Canary Wharf is an extreme achievement, competition is high and the standards they demand are even higher!

If a business can succeed here with the level of customer choice available, then it is believed it can easily be expanded to other parts of London and the rest of the UK.

Nearest Tube station is Canary Wharf and there are large advertising boards at each exit promoting the Wharf Kitchen area, the station is only 2 mins walk.



Premises
 A strong brand with an earthy feel to promote its caveman roots have been developed, all brand design sketches and sizes will be transferred to any new owner.

Single level unit with customer collection area, service area (with bespoke marble counter) and 2 rear preparation areas, equipment to be included -

1 x Stainless-steel-fabrication / heavy-duty-wall-bench-2500mm
1 x Stainless-steel-fabrication/ centre-table-with-2-shelves-1800x600mm
1 x stainless-steel-fabrication/ centre-table-1000x700mm
1 x Stainless-steel-fabrication/ wall-table-with-full-void-900x700mm
1 x Stainless-steel-fabrication/ centre-table-1400x700mm
1 x Stainless-steel-fabrication/ centre-table-400x400mm
2 x Mini display freezers 36L black
1 x Mini display refrigerator 46L white
1 x Waffle maker
1 x Microwave
1 x Pancake maker
1 x 200 Litre Display Chest Freezer
1 x Ice Machine (44kg/24hr)
1 x 960 Litre Upright Freezer
1 x Commercial Refrigerated Counter 4 doors Depth 700mm
1 x 180 Slimline Multideck Display fridge
1 x 120 Slimline Multideck Display fridge
1 x lincat hot water filter unit
2 x blenders
1 x waste pump unit
1 x dual Soft serve Machine




Tenure
A rolling 5-year lease is in place with 4 years still remaining paying £35,000 per year.



Hours
MONDAY TO FRIDAY - 7am to 9pm
SATURDAY - 10am to 8pm
SUNDAY - 10 to 8pm




Staff
The unit is currently staff run with an experienced Manager in place, 4 x Fulltime and 2 x Part Time members of the team.



Financial Profile
The first year of trading saw monthly sales of circa £29,000 for the first six months, however due to 2 partners leaving the business in July 2019, sales declined into the last 6 months of 2019.

We are informed that the business has now recovered and currently averages at £31,000 - £34,000 per month and should expect to see second year sales in the region of £350,000. The business achieves a gross profit of 55%.



Listing Details
Leasehold Price: £159,950
Tenure: Leasehold
Location: City of London, London
Marketed By: Hilton Smythe
Sector: Food And Drink
Financials
Annual Turnover: £360,000
Contact Agent
Telephone: Upgrade to view
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Advert Reference: B05398 / Rightbiz
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