| (REF: R2828) Well Equipped Sandwich Bar/Coffee Shop |
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| Seller Reference: |
R2828 |
| B4S Reference: |
29015 |
| Asking Price: |
£45,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£62,400 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
East London, London, United Kingdom |
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Nationwide are pleased to offer to the market : SINGLE FRONTED MEDIUM SIZED SANDWICH BAR/COFFEE SHOP with grey slate tiled floor, stainless steel cladding to walls, cool display serveover counter with refrigerated storage section, marble top counter, electronic cash register, 2 group coffee machine, coffee grinder, panini toaster.
SMALL KITCHEN with double sink, wash hand basin, 2-door stainless steel counter fridge.
Staff cloakroom with w.c. and wash hand basin
Basement
Storage area, small deep freeze
Office
WE ARE INFORMED the turnover averages £1,200 p.w. (including some buffets to offices in the area). Gross profit 65% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £10,500 p.a. exclusive of rates. We understand there was a rent review in September, 2010, however, no increase was requested and the present tenant is confident that the rent will remain at £10,500 p.a. exclusive of rates up to September, 2013. We further understand the rent reviews are every 3 years.
Uniform Business Rates: £1,900 p.a. approx. (after small business relief)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated in a parade, excellent main road trading position, residential, office and commercial area, LONDON, E |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Friday inclusive - 7 a.m. - 3.30 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
It will be appreciated upon inspection that there is potential for additional opening hours |
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The business is at present operated by a lady vendor with the assistance of 1 full time staff. |
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