Business for sale

Business description

Well established and highly profitable Sandwich Bar

We are informed the turnover averages £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are advised the split of turnover is approx. £4,000 p.w. in respect of the Sandwich Bar with £3,000 p.w. in respect of 3 sandwich rounds with the balance of £2,000 p.w. from buffets in the local area. We are further advised that the sales year ending 31st March, 2007 showed £446,109 with a gross profit of £271,193 and a net profit of £81,154.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £210,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: SPACIOUS SINGLE FRONTED SANDWICH BAR with ceramic tiled floor, attractive ceiling with inset lighting. Air conditioning. Tables and chairs providing seating for 14 persons. Cool display counter with refrigerated storage section, open drinks cool display unit, stainless steel racking for the display of crisps, 2 group coffee machine, 4-slice toaster, double sandwich toaster, 4-pot bain marie, stainless steel table, gravity feed slicer, griddle, double panini toaster, electronic cash register, 2 commercial microwave ovens, menu board.

Rear section with walk-in coldroom, walk-in deep freeze, fan assisted convection oven, 4-burner gas hob, gravity feed slicer, stainless steel tables, chest deep freeze, hot cupboard, dishwasher, double sink and drainer etc.

Stairs to first floor providing front office
Stockroom
Staff cloakroom with w.c. and wash hand basin

Included the sale are 4 refrigerated vans


Staff: The business is at present operated by the vendor with the assistance of a relative on a full time basis plus 2 part time in the sandwich shop, 1 full time plus 1 full time kitchen porter in the kitchen plus 3 ladies' for the 3 sandwich rounds.


Opening Hours Monday - Friday inclusive - 6.30 a.m. - 3.30 p.m.
Saturday opening - 8.30 a.m. - 3.30 p.m.
The Sandwich Rounds operate Monday - Friday departing from the premises between 8/8.30 a.m. each round we understand takes approx. 4 hours per day


Outside Rear parking for 4 cars


Tenure We understand the premises are held on a new 15 years lease at a rental of £16,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £4,694 p.a. approx.

THIS WELL ESTABLISHED SANDWICH BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8811