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WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. In addition, the vendor undertakes outside catering comprising buffets to local offices and businesses providing an additional average turnover of £350/£400 p.w. Gross profit 65% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Paved area in front providing space for tables and chairs for 10 persons (we understand under Licence from the Council at £120 p.a).
SPACIOUS SINGLE FRONTED SANDWICH BAR with attractive facia, industrial non-slip floor, fully air conditioned. Well equipped including 2 curved cool display serveover counters each with refrigerated storage section, 2 electronic cash registers. Tables and chairs providing seating for 10 persons. New 2 group coffee machine, upright double door drinks display fridge (on loan from Coca Cola), double panini machine, new bakery oven, griddle, 4-burner electric hob, stainless steel industrial cooker, 2 commercial microwave ovens, toaster, 2 group milkshake machine, 4-door stainless steel counter fridge, 2-door stainless steel counter fridge, small stainless steel deep freeze, Lincat water heater, dishwasher, stainless steel tables/work surfaces, 2 wash hand basins etc.
Stairs to first floor comprising
Large stockroom with walk-in coldroom, 2 chest deep freezes, 1 upright deep freeze, washing machine, tumble dryer.
Cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by the vendor with the assistance of 4 part time staff.
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. - 3 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
It will be appreciated upon inspection that there is potential for additional opening hours. The Sandwich Bar has the advantage of being situated opposite a Nightclub and in our opinion therefore potential for evening opening, if desired.
Tenure
We understand the premises are held on a secure renewable lease having 10 years unexpired from September, 2007 at a current rental of £14,500 p.a. exclusive of rates. We understand that there is a rent revision due in September, 2007 for the next 5 years, and this is currently under negotiation. The landlords have requested an increase to £17,000 p.a. exclusive of rates, however, as stated, no final figure has been agreed between the landlord and tennant at the present time.
Uniform Business Rates: £6,870 p.a. (under appeal)
