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Situated main shopping centre, food court, HAMPSHIRE. (Please register to make appointments and view addresses)

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED CATERING PREMISES, specialising in the sale of toasted sandwiches, cakes, ice cream, soft drinks, teas and coffees, situated in the food hall of this main shopping centre, with approx. 8 different catering outlets including KFC, Pizza Hut, Harry Ramsden, McDonalds.

Large seating area for approx. 400/500 persons. This area can be used for any of the customers to the catering outlets and, in fact, is maintained, including staffing, by the Centre and is reflected in the service charge to the individual outlets.

It should be noted that the Shopping Centre is situated adjacent to Southampton Docks, used by many cruise ships, all the year round.

The SANDWICH BUSINESS enjoys a spacious frontage, with attractive counter, refrigerated cool unit with refrigerated storage area, oven with conveyor belt for toasting sandwiches, Bean to Coffee machine, Pepsi soft drinks dispenser (on lease), electric gravity feed slicer, Ben & Jerry ice cream display unit, ice cream display deep freeze, stainless steel open soft drinks display fridge, computerised till, stainless steel sink, sink with drainer, wash hand basin.

WALK IN COLDROOM with freezer section.

Small OFFICE AREA. STOCK AREA with racking.

Spacious CUSTOMERS' TOILET FACILITIES, situated adjacent to the Food Hall.

WE ARE INFORMED the turnover averages £7,000/£8,000 p.w., in our opinion offering tremendous potential for further increase in the right hands. Gross profit in the region of 65%.

We understand there is a franchise agreement with an American company, having at present approx. 25 outlets in this country. We understand that there is a royalty payment of 11% of turnover. (We understand that 3% of the royalty payment is, in fact, for advertising, specifically targetted at this outlet).

The business is at present operated by the owner, with the assistance of his wife on a part time basis plus 3 full time and 1 part time staff. Wages paid in the region of £750/£800 p.w.

Monday/Saturday incl. 9 a.m. - 6 p.m. with the exception of Thursdays, when the business closes at 8 p.m.
Sunday, 11 a.m. - 5 p.m.

WE UNDERSTAND the premises are held on a secure renewable lease, the present lease having approx. 11 years unexpired, at a rental of £40,000 p.a. excl. of rates untill March 2009 when the landlord will charge a rent of £48,000 for the next 5 years, with rent to be agreed thereafter. In addition, we understand there is a service charge, currently of £25,000 p.a. (As will be appreciated, this includes the Centre providing the staffing in respect of the seating area).

Uniform business rates £18,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SANDWICH BUSINESS WHICH, IN OUR OPINION, HAS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, IN THE REGION OF £180,000 PLUS STOCK AT VALUATION (£2,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

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