Hilton Smythe welcomes to the market McMillans Delicatessen. The delicatessen was established by our client in 2012. The owner is now looking to sell the business, due to the desire to focus on other interests.
The business runs as a café and delicatessen in a town centre location; from which the business derives much of its trade. The café has a good sized 12 cover seating area with potential for more. The café sells an excellent variety of high quality foods, this includes salads, sandwiches, cakes, pastries as well as hot and cold beverages.
The delicatessen side to the business again sells high quality produce, most of which is locally sourced. Products include cheeses, jams, pate, oils, olives, cooked meats, and cakes to name a few. Our client bakes the cakes at home and brings them to the store. The owner would be happy to continue this service for the purchaser if required.
Outside catering is also a very popular service provided by this delicatessen. Our client caters for weddings, parties, funerals and other functions. Platers include hot and cold food. To compliment this arm of the business our client also makes occasion cakes. Again, this is a service available to the purchaser.
The business generated a turnover in the region of £167,000 as of the 2016 accounts, with a gross profit of 50%. The turnover is currently split £37,740 outside catering and £130,000 for the other shop services.
At this current time the landlord of the property does not allow cooking on site. Food is usually made elsewhere and brought to the store. With some negotiation with the landlord there could be a wider range of products available. A website to advertise the delicatessen could also further benefit the business.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 7 years
Remaining lease length: 3 years as of 2017.
Rent: £11,000 per annum
We are advised the landlord is happy to renew or negotiate a new lease.
The business is currently exempt from paying business rates.
HOURSThe business opening hours: -
Monday - Saturday: 8am - 5:30pm
Sunday: 8am - 2:30pm
STAFFThe business is run and managed by our clients, with the help of five part time members of staff.
FINANCIAL PROFILEThe business generated a turnover in the region of £167,000 as of the 2016 accounts.
Gross profit 50%
McMillans Delicatessen is located in Budleigh Salterton, Devon.
The business is situated on a main high street in the town centre of Budleigh Salterton. There are ample retail outlets in this location, some independent and larger branded stores. Across the road is on street parking and there is plenty of parking close by. This is a popular location and just at the bottom of the road is the beach.
Budleigh Salterton town centre has all amenities and is a traditional seaside town. There are lots of visitors to this location all year round. Facilities in the town include, three beaches, several fishing spots, estuary as well as hiking and cycling routes.
The road on which the business is located runs north and connects to the A30 which further links to the national motorway networks. Exmouth and Exeter are both just a short drive away from this location. Bus routes regularly run to surrounding towns.
McMillans Delicatessen is located on a retail parade. The front of the store has large windows, used for eye catching displays. The window also allows for a bright interior.
On entry is the seating area. Around the perimeter is shelving and a fridge for different stock. The delicatessen is very welcoming and feels cosy. Across the back wall is a large serve over glass chiller and counter with glass display cupboards, again these are used for stock. Behind here is counter units with cupboards, this is used for storage and for some equipment e.g. Coffee machine.
Through to the back is a WC and store room. The store cupboard has access to the rear. There is lots of shelving for displays and stock all around the store room.
Equipment included in the sale includes: -
Ice Cream freezer
Glass display fridge
Numerous cabinets/shelving units
2x coffee machines (one small one large)
Panini hot press
Wash up sink
Hand wash sink
Cake display unit
Deli cool counter - with two refrigerator spaces underneath
2x under counter fridges
Table top fryer
Kitchen unit with sink
Landlord would prefer for this business to remain as a delicatessen or café, other options may be available.