£0 £1000000
£0 £1000000

Archived

Well established Convenience Store/Food takeaway business for sale

London, City of London

  • Asking Price: £150,000 +SAV
  • Turnover: Full financials can be made available upon further request. 

    Please quote reference B06641

  • Tenure: Leasehold

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Please quote reference B06641

Hilton Smythe is delighted to present to the market a renowned Food takeaway/Convenience business with over 10 years trading history at this prestigious underground station.

The business was purchased by our client 3 years ago, who is now looking to sell to concentrate on his other business interests located outside the city.

Since purchasing the business our client has invested over £30,000 in improving both the shop unit and the menu. The Covid pandemic has also given him the opportunity to add new lines to the existing business which has proven very popular with his loyal customers.

Chit Chat offers the following product lines -

  • Freshly made samosas
  • Large choice of cold drinks
  • Vapes & liquids
  • Cigarettes
  • Confectionery, bagged sweets & crisps
  • Ice cream
  • Made to order sandwiches & rolls
  • Hot snacks
  • Barista coffees & teas
  • Mobile unlocking, accessories & repairs
  • Collectible compute games (£45 price point)
  • Gifts & children’s toys
In addition to the normal walk by customer trade, our client has also partnered with FOODHUB to offer a range of its essential lines as well as a new hot Pizza menu.

We are advised the business is predominantly staff run due to our clients other business interests, any new owner would significantly benefit from being on site to drive sales.

Before the pandemic, the business averaged at £15-£17,000 per week (without electronic sales).

The sale of the business includes - 

  • Glass fronted chilled sandwich fridge
  • Glass fronted heated display fridge
  • Large open cold drinks chiller
  • Barista coffee machine
  • Ice cream display freezer
  • Photocopier
  • Pastry warmer
  • Till/card machine
  • Preparation table/storage shelving
  • Upright fridge & freezer
As with many businesses located in the City, footfall is slowly returning to previous levels and we believe with many of the new lines added the business is very well equipped to increase the pre-pandemic figures in 2022.

We are advised a new 5 year lease will be made available.

Key selling points -

  • High footfall location
  • Sought after Underground station
  • 4.3 / 5 Google reviews
  • Storage area included
  • Potential to extend the opening hours
  • Business handover offered

We are advised that the business has 1 full-time and 1 part-time members of staff. 

The business hours are -

Monday – 7:00am – 10:30pm
Tuesday – 7:00am – 10:30pm
Wednesday – 7:00am – 10:30pm
Thursday – 7:00am – 10:30pm
Friday – 7:00am – 10:30pm
Saturday – 10:00am – 10:00pm
Sunday – 10:00am – 10:00pm


Chit Chat Food Takeaway & Convenience enjoys a very sought after trading position at Mansion House underground station on Cannon Street within the City of London.

Mansion House is one of the major underground stations serving the thousands of daily commuters who travel into London's prestigious business district.

The size and location of this unit is extremely rare to come on to the open market and the high level of footfall allows consistent trade throughout the day and evening.

The business has recently developed a local delivery side through partnering with FOODHUB.

Whitechapel & Aldgate are under 1 mile from the unit.

Mansion House is primarily known for being the official residence of the Lord Mayor of London, the Grade 1 listed building is used for many of the City of London’s official functions.

The City of London is worldwide known and is home to both the Stock Exchange and the Bank of England. The area offers a choice of smart restaurants and bars to cater for the many affluent workers and business visitors.

Mansion House is served by the Circle and District lines.

  • Open plan retail unit (250 sq ft)
  • Rear stockroom space
  • Separate dry store space


Tenure
We are advised that the business is being sold on a Leasehold basis, with a new 5 year lease to be made available. The rent is £2,800 per month. 

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