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Retail premises for sale

£29,999

Unit 16 Market Hall, Derby DE1

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Property description

Business
The business has been operated by the current owner for over 18 years and was run by the previous owner for many years before that.

The business has a very strong local following and dedicated customer base. The business benefits from its location within Derby City’s Market Hall which is operated by Derby City Council giving the new operator excellent landlord covenant strength.

The business sells a range of bacon products and traditionally cooked meats which are displayed in a refrigerated unit to the front of the shop.

The business returns a very respectable nett profit providing a rapid return on investment and would ideally suit someone looking to take on an established business. With a view to expand the product range further, adding a website, provide a delivery service and introduce a social media presence; there is scope to increase income.

All of the equipment required to run the business is included in the sale.

Location
Situated on stand 16 in The Market Hall in the centre of Derby.

The business is within easy access from all modes of transport with on and off street pay parking nearby as well as tram and bus routes entering in and out of the City. Busy local footfall with the site being located in the pedestrian only shopping area of the city with a bus route passing regularly to the front of the hall.

The Market Hall is a busy trading Hall with many various types of businesses trading which is owned by Derby City Council and is undercover and protected from the elements.
Premises
The Market Hall is located in the centre of Derby City, as you enter the main entrance stall 16 is located to the right-hand side and is easily accessible from both the front and side entrance.

The business includes: -

Work preparation surfaces

Refrigerated display units

Cold fridge storage unit

Scales

Meat cutting

Preparation instruments

All tools required to carry on running the business in its current format.
Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £480.00 per month.

The business is currently operating on a rolling lease.

The council are prepared to extend the lease/award a new one to an ingoing operator which would be a term to be agreed in the region of 5 years.
Hours
The opening hours are currently:

Monday to Saturday: 7.30am to 5pm

The business is closed on a Sunday
staff
The business is run and managed by the current vendor with family assistance.
Financial profile
We are advised the business is currently turning over in the region of £155,000 as of the 2016 accounts, with a gross profit of circa 47%.

There are no rates payable on the business.

The site is run by Derby City Council.

What Zoopla users think of Derby

Overall rating:

  • currently 4 stars
Very good - 78% (136 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
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  • currently stars
Parks & recreation
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  • currently stars
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  • currently stars
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Community & safety
  • currently stars
  • 1
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  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
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  • 1
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  • 4
  • 5
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  • currently stars
  • 1
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Nearby transport

  • Derby (0.7 miles)
  • Peartree (1.7 miles)
  • Spondon (2.8 miles)
  • East Midlands Airport (8.8 miles)
  • Birmingham International Airport (34.4 miles)
  • Coventry Airport (38.2 miles)
  • Liverpool Pier Head Ferry Terminal (71.3 miles)
  • Liverpool Isle of Man & Dublin Terminal (71.5 miles)
  • Woodside Birkenhead Ferry Terminal (71.5 miles)

Nearby schools

View all schools in Derby
  • Becket Primary School (0.5 miles)
  • St James' Church of England Aided Infant School (0.6 miles)
  • St Joseph's Catholic Primary School, Derby (0.7 miles)
  • Derby College (0.8 miles)
  • Derby Manufacturing UTC (1.0 mile)
  • Repton School (6.5 miles)
  • Landau Forte College (0.3 miles)
  • Kingsmead School (0.5 miles)
  • The Bemrose School (1.1 miles)
Note: Distances are straight line measurements

Local info for Derby

About the neighbours in DE1

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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