Blacks Business Brokers are excited to announce that this business has just seen a price reduction! The Hambone Food Hall & Brasserie has been trading on Lloyd street since 2007, however, the business has been trading since 1956 from other premises. The business has been in our clients family since opening and has passed down through each generation. Since opening, The Hambone Food Hall & Brasserie has gained a massive customer base and a reputation which is second to none.
The area is densely populated commercially, a number of shops line the streets and provide outstanding footfall in peak tourist seasons. The Hambone Food Hall & Brasserie is only being offered for sale as our client has other business family commitments and lack of time to invest in the continued running of the business.
The Hambone Food Hall & Brasserie occupies number 3 and number 5 Lloyd Street. Both buildings are available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. For number 3. The current lease began in 2018 at a cost of £692 per week. For number 5; The current lease is 18 years with rent reviews every 5. The current lease began in 2011 at a cost of £385 per week.
This business has brilliant reviews on both Google and Trip Advisor. This bodes well for a potential buyer as they will enjoy the benefits from our client's hard work and the family's history running the food hall.
Financial details are available upon viewing. The business generates an annual turn over of £561,943 with gross profits of £340,875.
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