Former Bakery in Nottingham - Kitchen, Deli, Takeaway/Delivery Potential, Rent on FRI Lease
Nottingham, Nottinghamshire
- Status
FOR SALE
- Date Submitted:
09/03/23
- Advert ID
509643
- Leasehold: £4,000
- Rent: £9,000
- Turnover: Not Applicable
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Fully Fitted
- Currently Closed
Business Details
Former Bakery and Kitchen, Confectionery, Sandwiches, Deli, takeaway deliveries.
This was a former bakery/kitchen, sandwich shop (now closed).
The last business owner operated on a mainly online/tele order basis with courier deliveries.This recently closed business occupies an enviable trading position in a popular residential area of Nottingham.
Positioned on Sneinton Dale, Nottingham, the ground floor retail unit forms part of a more expansive parade of shops on a busy arterial road out from the City centre with on street parking and bus stop outside. The shop is currently set up and well equipped for takeaway/collection services for a potential 'turn key' business.
It could be adapted for other similar trades – some limited seating could be added for customers.
The shop is available on a new full internal repairing and insuring lease (FRI lease). The passing rent is £750 pcm (£9,000 pa), plus a bond of £850 is required.
The business currently benefits from small business rate relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Inside, the servery and display counters are positioned to the front of the shop with equipped kitchen preparation area and storage and to the rear are WC wash facilities.
A new owner can benefit from previous years of trading with a marketing drive and reopening. Ideally, this proposition would suit an owner-operator who could push the business forward to build upon the last trading foundations. In addition, the premises could suit a variety of catering businesses.
Contact Bex (available on request)
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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