Business for sale

Business description

We are informed the overall turnover is in the region of £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx. We are further advised that the sales year ending 31st December, 2007 showed £314,766 with a gross profit of £201,337.


Price: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Outstanding opportunity to acquire a well established business occupying a very busy main road enjoying a high level of passing pedestrian trade. We understand the shop has many regular customers from staff of surrounding shops and offices and also local residents.

The business has been in the same hands for the past 5 years and is now only being sold as a result of the vendor's other business interests.

SANDWICH BAR/BAKERY, fully equipped.

OUTSIDE CATERING, large building on ground and first floor, situated at the rear of the shop. Ground floor approx. 1,000 sq. ft. fully equipped with gas burners, walk-in coldroom, various stainless steel tables for food preparation, double stainless steel sink, wash hand basins, deep freezes etc.

2 w.c's

First floor approx. 500 sq. ft. comprising 2 large offices and large preparation area with PVC hygienic cladded walls and tiled floor.

Included in the sale are 2 nearly new American Style Snax Wagons selling hot and cold food to a well established customers base on a daily basis. The business also runs an internet on line service with a well established web site where customers can view virtual food menues and order food on line. A small vehicle is used to deliver the meals locally and to surrounding areas.


Staff: The business is at present staff operated with 3 full time and 2 part time staff employed. It will be appreciated on inspection that with an active husband and wife team, the wage bill could be reduced.


Opening Hours Monday - Saturday inclusive - 8 a.m. - 4 p.m.
NO SUNDAY TRADING
The outside catering side of the business operates Monday - Friday only. The outside catering delivers food to corporate and individual customers.


Accommodation The accommodation in the form of a SELF CONTAINED MAISONETTE over, in good decorative order, comprises:

3 Bedrooms
Bathroom
Lounge
Kitchen


Outside Yard at rear


Tenure We understand that subject to satisfactory references the landlord is prepared to grant a new 15 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £2,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE


Reference : R8503