Business for sale

Business description

location this business is located in central london.

Turnover we are informed the turnover averages £5,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

Price offers invited to include the secure lease, goodwill, fixtures & fittings in the region of £69,000 plus stock at valuation (£5,500 approx).
Substantial loan to an approved applicant

Features impressive double fronted premises occupying a corner position with ceramic tiled floor, attractive ceiling with inset lighting plus 6 hanging lights. Open cool display unit (for soft drinks and juices), 3 cool display serveover counters, attractive shelving, microwave oven, electric gravity feed slicer, soup kettle, pie warmer, 3 door stainless steel counter fridge, 2 menu boards etc.

Rear stockroom
staff cloakroom with w.c. And wash hand basin

Staff the business is at present operated by the vendor on a part time basis with the assistance of 3 full time staff. Wages paid £720 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 - 6 a.m. - 3.30 P.m.
Closed all day saturday & sunday

Tenure we understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £60,000 p.a. For the next 6 years, with rent to be agreed thereafter.

The transfer of the lease is subject to the landlords approval of the references and we understand the landlords will also require a 6 months rent deposit.

Uniform business rates: £22,000 p.a. Approx. + Water rates

Outstanding opportunity to acquire a superbly fitted quality delicatessen/sandwich bar in this excellent trading position.

Personally inspected and highly recommended


Reference : R8512