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Highly profitable SANDWICH BAR

 
Business Summary:
Reference : R8833
Categories : Sandwich Shops
Location : Surrey
Turnover : £ 5,000 p.w.
Price : £ 185,000 (Leasehold)

No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Location

Occupying a corner position, main road, residential area, sought after Surrey locality close to the Sussex borders. (Please register to make appointments and view addresses)

Features

Forecourt area with space for 3 tables and 8 chairs to -

ATTRACTIVE DOUBLE FRONTED SANDWHICH BAR, laminated strip floor and well equipped including curved cool display serveover counter with refrigerated storage section, electronic cash register, double panini toaster, hot water boiler, 1 domestic and 1 commercial microwave oven, upright glass fronted drinks display fridge (on loan), 1 stainless steel upright fridge, undercounter fridge/freezer, chest deep freeze, double sink and drainer etc.

Rear store area with double door stainless steel deep freeze, 2 chest deep freezes, upright double door fridge etc.

Included in the sale is a Suzuki Carry Van

Staff/customer's cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential in the right hands. Gross profit 65/70% approx. (Included in the turnover is approximately £1,000 p.w. in respect of a sandwich round operated 5 mornings p.w. i.e. Monday - Friday inclusive from approx. 9 a.m. - 1 p.m. within approx. 5/6 mile radius of the sandwhich bar). We are further advised that the sales year ending 30th April, 2007 showed £148,000 with a gross profit of £99,248.

Staff

The business is at present operated by the vendor with the assistance of 2 full time staff plus 1 part time driver. Wages paid £580 p.w. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.

Opening Hours

Monday - Friday inclusive - 7 a.m. - 2.30 p.m.
Saturday opening - 9 a.m. - 1 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays, for 2 weeks holiday at Christmas and an additional 2 weeks holiday during the summer time.
It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Accommodation

The spacious living accommodation all in VERY GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Bedrooms (3 doubles, 1 single)
Fully tiled bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units

Outside

Medium sized garden with lawn, brick built shed plus brick built garage.
In addition there is parking space for 4 cars

Tenure

We understand the premises are held on a new 9 years renewable lease from the 1st January, 2004 at a rental of £12,000 p.a. exclusive of rates up to 1st January, 2010, with rent to be agreed thereafter.

Uniform Business Rates: £813 p.a. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A HIGHLY PROFITABLE SANDWICH BAR IN THIS SOUGHT AFTER LOCALITY

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Reference : R8833

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