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Asking Price$289,610
Revenue$704,323 Established1901
Cash Flow$54,349 Employees3 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Traditional Italian Delicatessen & Expresso Bar with Successful 100 year trading history
Ref.AF166
Location London
Leasehold

Asking price: £190,000 +SAV

Asking price includes:

Turnover circa £462,074 per annum
Gross Profit £175,456
Net Profit £35,656
Net Asset Value £10,369

Excellent 100 year trading history
Superb Client Base
Prime premises in excellent location
Large amount of repeat customers
Complete turnkey operation
Excellent growth potential
Goodwill
This Traditional Italian Delicatessen comes to market for the 1st time ever as the 4th generation owner has made the decision to emigrate.
This is a family business that has become somewhat of an institution in the area, having a 100 year history and attracting regular repeat customers due to the excellent quality produce and service on offer.
The deli sells authentic Italian Food produce and has been in the same location since 1901. Produce includes an amazing selection of Italian food. The premises are atmospheric and well fitted out with full shelves all fully stacked with dried pasta, cold meats, olive oil, fine Italian wines, cheeses and spices to name but a few of the incredible range of produce on offer. The expresso and panini bar at the rear of the premises also offers a take away service and attracts plenty of customers who then also browse the selection of food on offer.
Facilities:The owner owns the freehold of the property and will create a new lease to the incoming party. The premises comprise 100 sq. metres of retail space with a 73 sq. meter basement used for dry storage.
Competition:Much of the business’s revenue is due to the history of the Deli and word of mouth recommendation. Investment in creating a website for on line ordering would be a good way forward for additional growth in profits.
Growth Potential:Increasing the daily opening hours and opening 7 days per week should have an immediate and significant effect on turnover, as well as opening during the August and Christmas period. The vendor has also suggested that there could be demand for delivery services for takeaway that could be worth looking into. The delicatessen does not offer a delivery service as yet and it is suggested that this would be a good income stream, requiring some planning and a little marketing to target the local community as well as local businesses and corporate organisations. A web site could be created to take these orders online.
Training/Support:The owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Sale Reason:After so many years of successful trading the current family owner has decided to emigrate.
Ad #68299
Seller Reference #AF166
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Turner Butler
0044 1895256000
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