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WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 54% approx. (We are informed that approx. £2,000 p.w. of the turnover is in respect of a delivery round operated within a 1 mile radius of the business Monday - Friday inclusive from approx. 8.45 a.m. - 12 noon). We are further advised that the sales year ending 31st March, 2007 showed £217,104 with a gross profit of £119,797.
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £197,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Large parking area in front of parade limited to 1 hour free parking during the day. This area is also utilised for a market on Tuesdays & Saturdays.
Spacious single fronted Coffee Shop/Sandwich Bar with tiled floor. Well equipped including tables and chairs providing seating for 37 persons. Open cool display unit for soft drinks, 2 attractive cool display serveover counters, 1 hot display cabinet, 2 group coffee machine, 2 electronic cash registers, convection baking oven, 1 double and 1 single panini toaster, 2 domestic microwave ovens, jacket potato oven, wash-up area with dishwasher, single sink and drainer, 3 fridges.
Office/storeroom with 3 chest deep freezes plus upright deep freeze
Also included in the sale is a Peugeot Refrigerated Van ('W' registered)
Ladies' & Gentlemen's cloakrooms each with w.c. and wash hand basin
Staff
The business is at present operated by a husband and wife team with the assistance of 2 full time plus 1 part time staff. Wages paid in the region of £600 p.w.
We understand the premises are held on a secure renewable lease, the present lease expiring in March, 2018 at a rental of £23,000 p.a. exclusive of rates up to March, 2013, with rent to be agreed thereafter.
Uniform Business Rates: £5,900 p.a. approx. + water rates (metered)
RETIREMENT SALE
OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE COFFEE SHOP/SANDWICH BAR IN THIS PRIME TRADING POSITION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.
