Business for sale

Business description

THE BUSINESS
Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely well established and profitable
sandwich delivery rounds and buffet
lunches.
The business was founded by our client over
10 years ago.
The owner is now reluctantly offering the
business for sale in order to pursue an
unrelated business venture.
The business is renowned for the quality,
freshness and reliability of its presentation,
The split is approximately 2/3rds sandwich
rounds and 1/3rd buffet lunches and is
achieved by the hard work and dedication of
is 16 full time and 1 part time staff. It has
an excellent management structure allowing
the vendor to pursue other interest.
We are advised that stock at cost is
approximately £12,000.
Our client is more than happy to assist a
buyer during a hand over period and effect
the required introductions to both staff and
customers.
The sandwiches & Buffets are all delivered
in one of its many vans, which are all on
monthly contract hire.
All the sandwiches and buffet are freshly
prepared on site to ensure quality is
preserved.
The equipment includes:
Huge walk in fridge
Large walk in freezer
2 ovens
2 sealing machines
2 fryers
Large prep area with stainless tables
throughout.
TRADING HOURS
Mon – Fri: 6.00am – 2.00pm
No bank holidays or weekends and closed
over Christmas.
EXPANSION POTENTIAL
The business achieves most of its sales
through personal recommendation and word
of mouth. The vendor has informed us that
sales and profits could be substantially
increased by expanding the business into the
surrounding towns by further marketing.
This business could be managed daily by the
owner which would increase profitability.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £818,475
Gross Profit: £449,990
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
TENURE: Leasehold
Original lease: 5 years
Remaining lease: 5 years
Review every: 5 years
Rent: £12,828 P.A.
We are advised that the annual business
rates are currently: £1,430