Property for sale
Property description & features
- Highly Successful Business
- Prime Town-Centre Location
- Excellent Turnover & Profit
- Retirement Sale
- Premises in Good Order
- Handover Period Provided
- Equipment & Stock Included
- Negotiable Lease Available
Details
This highly regarded and long-standing business has been successfully run by the current owners since 1982, having been bought from the founding owners who established in 1939. The business shows extremely stable profit and loss figures and an extremely healthy profit margin. There is no advertising outlay due to the high level of loyal and regular customers derived from the local residents and businesses, as well as the high volume of footfall and passing traffic due to the close proximity to popular tourist attractions, regular markets and high street shopping.
Due to the confidentiality of the sale and before any further information is provided, a non-disclosure agreement would need to be signed.
Location
Busy prime trading location within historic central Hexham, Northumberland. Overlooking the 'Shambles', Hexham Abbey and Old Gaol it enjoys excellent footfall from both locals and tourists. Regular market and event days also ensure this is regularly busy with pedestrian traffic
Stock & Equipment Included
Approximately 2000 worth of food stock. The range of equipment includes a 3-pan Preston & Thomas fryer, Large peeler, Chipper, Cooler, Filter machine, Dishwasher, Hob, Hot water dispenser, Fridge freezer, Two Freezers, Counter & Till, Service lift and Emergency fire shutter. Menu board and Cafe Tables & Chairs.
Expansion Potential
There is no advertising outlay due to the length of establishment, high level of loyal and regular customers derived from the local residents and businesses, as well as the high volume of footfall and passing traffic due to the close proximity to popular tourist attractions, regular markets and high street shopping.
Current Trading Hours
Mon - Sat 11:00 AM - 8:00 PM
Support & Training
The owners are happy to assist with a handover period.
Premises Details
Shop premises are in good condition throughout, occupying a busy highly desirable town centre location with excellent foot fall.
Rateable Value - 9,200 per annum (Small business rate relief is currently applicable)
Services Mains gas, Mains water & drainage, Mains electric.
Years Established
The business was first established by the first owners in 1939. The current owners took over the business in 1982.
Reason For Sale
Retirement.
Main Building
The main building may be available by separate negotiation and consists of the main shop which includes the main retail area and a basement level. In addition there are three studio flats overhead which are all currently tenanted.
Disclaimer
These Particulars are intended only to give a fair description of the business and property and do not form the basis of a contract or any part thereof. These descriptions and all the detailed information are believed to be correct, but its accuracy is in no way guaranteed and have been supplied by the vendor and accepted by A&G in good faith.
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