Status: Completed
Tenure: Leasehold
Leasehold Rent: £9,200 per annum
Turnover: £120,000
Delicatessen in LythamDelicatessen in LythamDelicatessen in Lytham
£34,000 + SAV

Delicatessen in Lytham

Completed
  • Reference: 1665
  • Location: Lytham, Lancashire
Hilton Smythe would like to welcome to the market Pickles Delicatessen. The business was established in 1995 and has been in our client's ownership since 2008. The delicatessen is currently open 6 days a week, and generates a turnover in the region of £120,000 with a gross profit of 80%. The business has an excellent reputation within the area and benefits from a loyal customer base and much repeat trade. The business offers freshly cooked meats, cooked chickens, cheeses, dairy products, jams, chutneys and sauces to name but a few, all of which are locally sourced.


We feel there is scope to extend the opening hours and open 7 days a week, as it is currently run at a pace to suit our client. There is also scope to extend the product range available and perhaps engage on a marketing campaign to promote the business further. The business could also offer a delivery service to local businesses such as hotels and restaurants.


We feel this is an excellent opportunity for a new owner to expand on an already thriving business; therefore early viewing must come highly recommended.

TENURE

We are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 9 months
Rent: £9,200 per annum plus £835 service charge.

HOURS

The business is open:
Monday - Thursday: 9.00am - 4.30pm
Friday - Saturday: 8.30am - 4.30pm
Sunday: Closed

STAFF

Our client currently employs 5 x part-time staff members

FINANCIAL PROFILE

The business currently has a turnover of £120,000 with a gross profit of 80%.
Pickles delicatessen is located within Clifton Walk Shopping Arcade on the very busy Clifton Street, the main shopping street within Lytham, Lancashire. The business is surrounded by a wealth of independent shops and high street stores. The business benefits from a vast amount of footfall and passing trade. Lytham is a heavily populated residential area and benefits from a large amount of tourists each year. The business benefits from free parking to the front of the arcade.

Lytham lies to the south of Blackpool and is easily accessed by the M55. Visitor attractions in the town include Lytham Windmill, Lowther Gardens, Lowther Pavillion, Fairhaven Lake and Lytham Hall. Lytham is also internationally renowned for golf and the four courses and links, the most notable being the Royal Lytham & St Annes Golf Club, one of the host courses for the Open Championships, also known as the British Open.

Lytham benefits from excellent road links with the A583 being just 6 miles away, while the M55 is 5 miles away and links to the vast motorway network. Blackpool lies approximately 7 miles North, while Preston is 11 miles east.
Lovely retail unit set within a traditional shopping arcade, briefly comprising:


Main sales and display area with tiled flooring, air conditioning, shuttered window, suspended ceiling, serve over refrigerated display counter in three sections, electronic cash register, meat slicer, double refrigerator, large table, BBQ King chicken rotisserie and two sets of scales