Sold
Key Cutting and Security Business in Great Trading Location
Notting Hill, Kensington and Chelsea
- Asking Price: £199,995 +SAV
- Turnover: As per 2016/2017 accounts turnover is reported at £267,000.
- Tenure: Leasehold
Hilton Smythe are delighted to offer to the market Mario’s Keys Ltd, offers for sale due to our clients wish to now retire. The highly regarded key cutting and locksmiths business is one of London's most established. First opening its doors here in the 1980s and moved across the road to this shop in 1993 and purchased by our clients in 2006. They offer a large range of keys, locks, security safes as well on site surveys for new locking systems and repairs. The business is also a member of Trusted Traders. Currently the business is split between 50% walk in retail customers looking for general key cutting, new or replacement locks to 50% commercial customers with key clients from the housing association, estate agents and the many landlords who own properties in the area. Lock repairs and replacements are generally carried out in office hours and our client normally travels between 8-9 miles of the shop's location. Potential to grow this side by offering an out of hours’ service currently farmed out to a self-employed Locksmith. Renewed advertising and website and more locksmith trained staff could prove beneficial to the new owner. Handover period offered.
2 x owners, 1 of which works in the shop and the other mainly in the field as Locksmith , 1 x full time shop member and 1 full time locksmith.
The business currently opens:- Monday to Saturday 9.00-5:30pmSunday closed.
Marios Keys Ltd is located on Talbot Road, just off the famous Portobello Road and market in Notting Hill, London. Talbot Road is a popular street of shops and residential dwellings in desirable Notting Hill and a district of the Royal borough of Kensington and West London. The busy west London location is famous for its array of independent retailers, famous market stalls, trendy cafes and bohemian atmosphere. The area is extremely popular with commuters working in London and many well know celebrities. Closest tube is Ladbroke Grove and there is metered parking directly outside the business.
Ground floor large retail area (circa 104sq m), with raised window display section, shelving to the left displays range of security safes, the right the choice of locks and key systems. To the rear is the L shaped service counter with array of key cutting machinery. Admin office - 2 x large desk with PCs, file storage. Lower ground floor - large area for storage, a large workroom, staff kitchen and toilet Equipment included: -Office:Computer and printerFax MachineSafeCCTV System and monitorFridge and microwave and kettleShredder - cross-cutStorage cabinetsFiling cabinets Working Area:Secure cabinet for hazardous materialsRouter DeWaltTable saw DeltaCircular fixed sawCircular Portable sawGenerator Honda GX160 portableWelder Stopweld 140Griders 2 X fixedGriders 2 X portableLaddersClamps Key Dept:TillNote checkerCordeless phonesCutters Rekord Plus X 2Lancer X 2BravoUnocde 399Silca Marker 2000Multi-lock cutterSilca Matrix SLXSilca Delta 2000JakeyFob programmerKey cutting computerOrdering computer
Tenure
We are advised Leasehold.The original lease length is 25 yearsAs of 2017 14 years remain.Rent is £44,200 per year. 5 year rent reviews Business rates are currently £19,440.
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