Prime London Bakery & Deli for Sale, High Traffic Area near Hilton Hotel, EC1
City of London, London
- Status
FOR SALE
- Date Submitted:
05/09/22
- Advert ID
499643
- Reference
P7708RB / Rightbiz
- Call Agent:
- Leasehold: £1,000,000
- Rent: £78,000
- Turnover: On request
- Net Profit: On request
Business Details
BAKERY AND DELICATESSEN, CENTRAL LONDON, EC1
LOCATION: On the main road which is part of the A201 route connecting Kings Cross to Elephant & Castle and close to the former Guardian newspaper headquarters with good traffic flow, excellent restaurants, very good bus connections and only a short stroll from Angel and Upper Street. A new Hilton Hotel is proposed close by with a new Premier Inn also under construction.
DESCRIPTION: Fantastic one stop shop in the middle of London offering the best top quality, authentic, delicious Greek supplies and fresh baked foods not available for miles around. Nice décor offering good layout to find things easily.
A double fronted 1,400 sq ft unit with a separate delivery entrance at the front and a further entrance to the main shop with a cctv system, air conditioned and comprising a deli serve over counter. This main retail area also has a cake area, a fridge freezer area, a sweet area and a grocery section. The counter area has the cappuccino machine and a preparation area for sandwiches, etc and a disabled wc.
The staircase leads to the 1,000 sq ft basement which comprises a large stockroom, a preparation area, a walk in cold room and also a walk-in freezer, a small office, a small dry stock room and a Staff wc.
BUSINESS: Established business taking at 70/75% g.p. Run by the family with staff.
HOURS: Seven days. 7 am to 8 pm.
TENURE: 17 Years on existing lease @ £78,000 pa.
RATES: £5,550 pa payable.
VIEWINGS: Strictly by appointment only. Owners or staff must not be approached without prior arrangement through the agents at any time.
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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