Business Hilton Smythe welcomes to the market The Mighty Local, which was purchased by our client in 2017, however, due to other business commitments the shop is now back on the market. The Mighty Local is an off licence/convenience store selling wines, beers and spirits along with tobacco, confectionery and Eastern European foods and meats. We believe the business could benefit from the following suggestions: A web site A social media site A local leafleting campaign to let the local community know they are there Hilton Smythe highly advise early viewing to avoid disappointment.
Location The Mighty Local is located in Waltham Cross, Hertfordshire on the border with Waltham Abbey on a main road between the two towns, close to a large residential area, which brings in a high footfall. The business occupies a prominent corner position on the A121 and the name of the business currently reads Corner Food and Wine. There are several bus routes that run outside the premises, with bus stop in easy walking distance.
Premises To the front of the premises is a storage display for fruit and veg.
Entering the store from this area you will find the service counter with tobacco and spirits behind and confectionery in front. The shop has 2 aisles with a central double sided 6 tier display. There is multiple shelving and two drinks display fridges.
To the rear of the shop is the storage area with multiple shelving, door to outside and door to the staff WC.
The shop has CCTV and air conditioning.
Tenure We are advised the business is being sold as a Leasehold business opportunity with a 10-year lease from 2017 and an annual rent of £10,000.
The business opening hours: Monday-Sunday: 8am -11pm
Staff The business is run and managed by our client, with the help of 2 x members of staff.
The Mighty Local generated an advised turnover of circa £260,000, pro rata, as of the 2017 accounts.
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