Business for sale

Business description

We are informed the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 67% approx. We are further advised that the sales year ending 31st August, 2007 showed £108,597 with a gross profit of £67,248.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Service road in front of parade.

Space in front of premises for tables and chairs for 12/14 persons (weather permitting).

Spacious double fronted premises approx. 800 sq. ft. with stone tiled floor, attractive ceiling with inset spotlighting. Tables and chairs providing seating for 20 persons. Fully equipped including cool display serveover counter, open cool display unit (for soft drinks etc), 2 group coffee machine, 3 domestic microwave ovens, 3 larder undercounter fridges, bake-off oven.

Kitchen area with 1 upright deep freeze, 1 chest deep freeze, double sink and drainer, larder fridge, dishwasher etc.

Customer's/staff cloakroom with w.c. and wash hand basin


Staff The business is at present operated by a husband and wife team with the assistance of 4 part time staff plus junior staff at weekends.


Opening Hours Monday - Friday inclusive - 8 a.m. - 5 p.m.
Saturday - 8.30 a.m. - 5 p.m.
NO SUNDAY TRADING
In our opinion there is potential for additional opening hours


Tenure We understand the premises are held on a secure renewable lease from a private landlord having 9 years unexpired from January, 2008 at a current rental of £12,000 p.a. exclusive of rates. We understand that there was a rent revisions due in January, 2007, however, no request for an increase has been made at the present time. We further understand the rent review are every 5 years.

Uniform Business Rates: £3,800 p.a. approx. + water rates (metered)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8840