Business for sale

Business description

Location:

Established in 1998, this sandwich shop is full of character and distinguishes itself by its own take on Latin flavoured cooking, as well as the usual sandwich shop/takeaway standards. The business is well located for the City and has a deal with Bloomberg to have a direct feed to a large flat screen TV. Run by the same owner since 1998, the business also benefits from a large and, as yet, unused basement area, currently only used for storage but with enourmous potential for upgrading to further seating/kitchen use.

Enjoying regular clientele and well known in this busy district of the City, the unit is sited on a busy north/ south route into the city with lots of good pass by trade as well as regular business. The area has benefited from recent development with a large hotel opening up across the road very recently.

Further potential exists for the use of the basement to be developed into further seating and to extend the food offering and mix.

Trade:

The business currently trades as a discount goods retailer. Open Seven Days, 10am to 8pm.

Staffed currently by 1 full time staff and 1 part time staff.

We are advised that trade is approximately £2,000 p/week.

Premises:

The property is arranged over the ground floor. There is ample internal and external storage space.

GROUND FLOOR RETAIL ZONE A 22.59m2,

GROUND FLOOR RETAIL ZONE B 38.38m2.

GROUND FLOOR RETAIL ZONE B 3,98m2

GROUND FLOOR REMAINING RETAIL ZONE 24.68m2,

GROUND FLOOR REMAINING RETAIL ZONE 8.04m2.

GROUND FLOOR EXTERNAL STORAGE 3.98m2

TOTAL 145.53m2.

Retail Facility with plenty of floor and storage space.

The unit is offered in excellent internal condition.

Tenure:

The property is held by virtue of a 20 year full repairing and insuring lease expiring in 2020. Passing rent is £21,000 per annum. The next rent review in 2 years.

We have not been advised regarding a further service rent.

Current Opening Hours Monday- Sunday 10am-8pm.

The property has the benefit of an A1 licenses that we are aware of.

Building & Property
Building: n/a
Monthly Rent: £1,416
Real Estate Available: No




ListingID#: NWLONT0001-N161