Sandwich Bar & Coffee Shop in Wallington for sale

Location

Situated in a parade, main road trading position, SURREY

Features

Well Established Coffee & Sandwich Bar Reduced For Early Sale To £69,950 Plus Stock At Valuation, Subject To Contract

The business has been in the same hands for the past 30 years and there are genuine reasons for sale.

ATTRACTIVE DOUBLE FRONTED PREMISES with tiled floor. Shop area with 3 cool display counters with refrigerated storage sections, 2 group coffee machine, coffee grinder, electric cash register, electric gravity feed slicer.

REAR PREPARATION AREA with tiled floor, 4-burner electric cooker, small extractor system, 4 stainless steel work surfaces, counter fridge, double sink & double drainer, wash hand basin, 2 soup kettles etc.

Rear storeroom with 4 deep freezer, walk-in coldroom

Staff cloakroom with w.c. & wash hand basin

1 Van included in the sale

Turnover

WE ARE INFORMED the turnover averages £5,400 p.w. including some local deliveries (generating iro £500 p.w.), in our opinion the business offers tremendous potential for further development in the right hands. We are further advised that the gross profit is in the region of 55%. We are further advised that the sales year ending 31st August, 2018 showed £245,192 with a gross profit of £132,906 i.e. 54% with a net profit of £46,898.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT