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Reference R7064

Sandwich Bar & Coffee Shop in Wallington For Sale

Sandwich Bar & Coffee Shop in Wallington For Sale
Buy a Sandwich Bar & Coffee Shop in Wallington For Sale Sell a Sandwich Bar & Coffee Shop in Wallington For Sale Sandwich Bar & Coffee Shop in Wallington For Sale for Sale Sandwich Bar & Coffee Shop in Wallington For Sale for Sale Sandwich Bar & Coffee Shop in Wallington For Sale for Sale Sandwich Bar & Coffee Shop in Wallington For Sale for Sale Sandwich Bar & Coffee Shop in Wallington For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, SURREY WALLINGTON

Turnover £ 5,000
Price £89,500

Features

Well Established Coffee & Sandwich Bar

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 £5,000 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 August, 2017 showed £255,000 with a gross profit of £135,000 i.e. 53% approx. with a net profit of £46,800.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 4 part time staff.

Trading Hours

Monday - Friday inclusive - 6.30 a.m. - 4.30 p.m.
Saturday opening - 7 a.m. - 4.30 p.m.
NO SUNDAY TRADING

Outside

Yard at rear

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 10/15 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS 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 NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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