Sandwich Bar in Central London For Sale

Situated in a parade, main road trading position, office area, LONDON, WC1

Turnover £ 4,000
Price £69,500

Features

Attractive Sandwich Bar We Understand The Premises Have A1 / A3 Use

6 DAYS OPENING
FORECOURT WITH SEATING

SPACIOUS SINGLE FRONTED SANDWICH in the region of 1,050 ft², 1 wall with attractive brickwork, woodstrip floor. Tables & chairs providing seating for 24 persons can be expanded. Sales counter, 2 group coffee machine, coffee grinder, fruit juice machine, smoothie machine, orange juice machine, bain marie, electronic cash register, open cool display unit (for soft drinks) etc.

BASEMENT (in the region of 400 ft²) KITCHEN with tiled floor & tiled walls, electric oven, small deep fryer, 3 fridges, 2 chest deep freezers, ice maker, double sink & drainer, wash hand basin

Storeroom

Tiled ladies' & gentlemen's cloakrooms with wash basin. In addition there is a shower unit.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. (20% DELIVERIES)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 6pm
SATURDAY 8am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2014 with reviews every 5 years (next review 2029) at a current rent of £30,000 p.a.

Business Rates from April 2023 £3,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote