Business for sale

Business description

Situated in a terrace, excellent main road trading position, Middlesex

We are informed the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 58% approx. We are further advised that the sales year ending 31st August, 2006 showed £92,500 with a gross profit of £53,337 i.e. 58%.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Outstanding opportunity to acquire a well equipped Sandwich Bar, which has been in the same hands for the past 18 years and is now solely offered for sale due to the vendor's retirement.

Front area with sunblind, space for 1 table and 2 chairs to -

SINGLE FRONTED SANDWICH BAR with ceramic tiled floor, suspended ceiling with inset lighting, mirror to walls, breakfast bar with 4 high chairs. Upright glass fronted drinks display fridge, soft ice cream machine (on hire purchase to be taken over), open cool display unit for juice and soft drinks, cool display serveover counter, electric gravity feed slicer, double sink and drainer.

Rear kitchen area with ceramic tiled floor. The equipment includes commercial microwave oven, electric oven, 6-burner gas cooker, 4-burner gas cooker, small electric deep fryer, double griddle, panini toaster, 3 fridges, ice cream deep freeze (owned), chest deep freeze, double sink and drainer.

Staff cloakroom with w.c. and wash hand basin

Staff The business is at present operated by a lady vendor with the assistance of 3 part time staff plus additional casual staff at weekends. Wages paid £300/£400 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening Hours Monday - Friday inclusive - 7 a.m. - 5 p.m.
Saturday opening - 9 a.m. - 1 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours.

Outside Yard at rear

Tenure We understand the premises are held on a secure renewable lease from a private landlord having approximately 9½ years unexpired at a rental of £6,750 p.a. exclusive of rates up to March, 2008, with rent to be agreed thereafter.

Uniform Business Rates: £640 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8575