Outstanding opportunity to acquire an old established Sandwich Bar which has been in the same hands for the past 30 years and in our opinion offers terrific potential for further development in the right hands.
Front area with space for 2 tables and 6 chairs to -
ATTRACTIVE SANDWICH BAR with 2 entrances, wide frontage to Shopping Arcade. Tiled floor, ceiling with inset lighting plus hanging lighting. Window breakfast bar with 7 high stools. Open stainless steel cool display unit for drinks and salads, cool display serveover counter, double panini toaster, 2 group coffee machine, Merrychef oven etc.
Small stockroom with upright deep freeze, gravity feed slicer
Turnover
WE ARE INFORMED the turnover averages £1,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Staff
At present staff operated with 2 full time staff employed. 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 - 7 a.m. - 4 p.m.
CLOSED SATURDAY & SUNDAY
In our opinion there is potential for additional opening hours
Tenure
We understand the premises are held on renewable 3 yearly lease from Transport for London. We are further advised that the present lease has approximately 1 year unexpired at a rental of £12,000 p.a. exclusive of rates.
Uniform Business Rates: £4,250 p.a. approx.
AS STATED THIS OLD ESTABLISHED SANDWICH BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
R9878
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
