Sandwich Bar in Watford For Sale

Situated end of parade, main road trading position, HERTFORDSHIRE WATFORD

Turnover £ 3,750
Price £100,000

Features

Well Fitted Sandwich Bar (we Understand The Premises Have A3 Use)

**5 STAR Food Hygiene Rating**

SPACIOUS SANDWICH BAR occupying a corner position, non-slip floor, suspended ceiling with concealed lighting. Window breakfast bar with 4 high chairs plus 2 tables & 4 chairs. Large cool display serveover counter with refrigerated storage section, hot display cabinet, upright glass fronted drinks display fridge (on loan from Coca Cola), automatic coffee machine, electric cash register, panini toaster, electric griddle.

REAR PREPARATION AREA, 3-door stainless steel counter fridge, 2 upright deep freezers, 1 stainless steel fridge, 1 additional fridge, electric fan assisted oven, 4-burner gas cooker with oven, dishwasher, double sink & drainer etc.

Office
Staff w.c. & wash hand basin

There is a large cellar ideal for storage purposes

Included in the sale is a 2014 hot & cold diesel van. In addition there is a further van used for sandwich deliveries.

Turnover

WE ARE INFORMED the turnover averages £3,750 p.w. in our opinion offering further potential to increase, especially with additional opening hours, if desired. Included in the turnover is approximately £2,300 p.w. in respect of 2 local sandwich rounds. These 2 rounds operate Monday - Friday inclusive in the local area 1 from 8.20 a.m. - 12.30 p.m. whilst the other round is from approximately 8.20 a.m. - 1.45 p.m. We are further advised that the sales year ending 5th April, 2017 showed £155,303 with a gross profit of £95,617 (before wages & sub contract work of £29,764). We further understand that the sales year ending 6th April, 2019 showed £167,596.

Staff

The business is at present operated by a husband & wife team with the assistance of 3 part time staff (2 of which undertake the sandwich rounds).

Trading Hours

The sandwich bar operates on a 5 day week basis
Monday - Friday inclusive - 6.30 a.m. - 3 p.m.
CLOSED SATURDAY & SUNDAY
The business is also closed for 2 weeks holiday at Christmas time, 1 week in the summer. The business is also closed for all bank holidays.
In our oppinion there is terrific potential for additional opening hours, including Saturday, if desired.

Outside

Yard at rear for rubbish bins

Tenure

The vendors own the long leasehold property and subject to satisfactory references are prepared to grant a new 16/20 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the frist 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote