Business for Sale in East Sussex POPULAR DELICATESSEN & COFFEE SHOP IN HASTINGS: RETIREMENT SALE

Key Information

Reference

GD33338T

Tenure

Leasehold

Status

Sold

Region

East Sussex

Sector

Delicatessens

Accommodation

No

Business Information

Located in Hastings, East Sussex, this long-established delicatessen specialises in artisan cheeses, quality cured meats, organic wines, Roccoco chocolates and Monmouth coffee along with cheese celebration towers and luxury gift hampers for special occasions. The cosy 14-cover coffee shop serves freshly ground coffee, loose leaf teas and a selection of cakes and pastries.

Trading hours are Monday to Saturday 10.00am – 6.00pm and Sunday 11.00am – 5.00pm. Accounts for the year ended 31^st March 2017 show Annual Sales of £212,725 (excluding VAT) with a Gross Profit of £100,836. Furthermore, we believe that sales have continued to rise over the last 12 months. Despite the excellent central location, the monthly rent is only £1,150 and no business rates are payable at present.

Due to family commitments, the shop has been mainly staff-run with 1 full-time and 3 part-time employees. The business has great potential for further development and is only available because the owners are planning to retire. Also, to ensure a smooth transition, the vendors will offer help and assistance to new owners during a handover period following the sale.

Ref: GD33338T

LEASEHOLD £59,500

Full sales details available at www.emfgroup.com