Market Place, Dartford, DA1

For Sale - £112,500

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  • EXTREMELY PROFITABLE DELICATESSEN FOR SALE
  • SALES FOR YEAR END NOV 2017 APPROACHING £300,000
  • GROSS PROFIT AROUND 45%
  • TOWN CENTRE LOCATION / RETIREMENT SALE
  • ASSIGNMENT OF A LEASE / RENTAL £14,300pa

LOCATION:
Dartford is the principle town in the Borough of Dartford and is located some 18 miles south east of central London and around 4.3 miles east of Bexleyheath.

The Dartford Borough Council website confirms that it has successfully bid for a Government grant to transform and improve the immediately surrounding area in order to make the place more attractive for shoppers and make it easy to park,

The subject premises is located within a small parade on Market Place, a road that connects Market Street and the High Street. Other businesses within the parade comprises local and specialist operators while nearby there are a host of national retailers.

Dartford has its own Network Rail station, is well served by bus routes and has excellent road links to the A2 which connects to the M25, the Dartford Crossing and M2.

THE PROPERTY:
The property comprises of a ground floor lock up shop situated within a mid-terraced building which has a traditional shop frontage with double entrance doors under a signage. Entrance is into an open plan sales area which is approaching 450 square feet, and which is finished off with tiled flooring and a suspended ceiling. Fixture and fittings include serve over chillers, window display chiller, freezers. Double drinks chiller, chicken machine and a slicer.

Behind the main retail area is a preparation / store room of some 140 square feet plus a walk-in fridge.

THE BUSINESS:
Fresh Food from Market Place has been established and owned by our clients, who are now looking to retire, for around 20 years.

The business is run as a traditional delicatessen offering a wide variety of quality meats and sausages, pies and pasties, cheese's, pickles and pastries.

The business benefits from regular trade from repeat customers, shoppers, as well as people working in the area. The current owners have established an excellent reputation based upon an extensive product mix, quality food and a first class service.

TRADING INFORMATION:
Profit & loss figures for year end 30th November 2017 show:

Sales £286,463
Gross profit £127,894

TRADING HOURS:
The business is open to trade from 9am through to 4pm on a Monday and then Tuesday through to Saturday 9am to 5pm, thus providing a total of 48 weekly trading hours.

STAFF:
The business is owned and operated by four family members who are assisted in the day to day running by one part time assistant.

TENURE:
The premises are held on a 10 year lease, which is within the landlord & tenant act, from June 2011. The passing rental is £14,300 per annum.

EPC:
The premises has an EPC rating of: D - 92

RATES:
We understand that the rateable value is £14,000 per annum with rates payable of £6,720 per annum. Interested parties are advised to make their own enquiries with the relevant council.

LEGAL FEES:
Each party are to be responsible for their own legal costs

VIEWING ARRANGEMENTS:
No direct approach may be made to the property / business. For an appointment to view, please contact the agent.

Hummerstone & Hawkins
144 Welling High Street
Welling, DA16 1TN
T: 0208 303 1061
E: agency@hummerstone.co.uk

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.