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Sought after position, densely populated office and commercial area, not far from Underground Station, CITY OF LONDON (Please register to make appointments and view addresses)

This old established Sandwich Bar is situated opposite a large office block which we understand accommodates approx. 500 persons. This has recently been vacated and we understand is shortly to be refurbished and offered for re-letting. Obvioulsy when this office block is reoccupied, the business should benefit from additional trade.

ATTRACTIVE SINGLE FRONTED SANDWICH BAR with ceramic tiled floor, ceiling with inset lighting. Air conditioning. Tables and chairs providing seating for 30 persons. Attractive 'L' shaped cool display serveover counter, 2 group coffee machine, filter coffee machine, 1 panini toaster, electronic cash register, 3 commercial microwave ovens, sink.

Stairs to basement commercial kitchen with non-slip floor. 6-burner gas cooker, extractor unit, 4 fridges, 1 chest deep freeze, double sink and drainer.

Stockroom with shelving
Office
Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover averages £3,300 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 72% approx.

The business is at present operated by the vendor with the assistance of 2 full time and 2 part time staff. Wages paid £1,050 p.w. approx. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Monday - Friday inclusive - 7 a.m. - 4 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
In addition the business closes for 10 days during the Christmas period

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £22,200 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates only £1,080 p.a. approx. (after small business relief)

THIS WELL FITTED SANDWICH BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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