| (REF: R2999) Well Established And Profitable Sandwich Bar |
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| Seller Reference: |
R2999 |
| B4S Reference: |
30340 |
| Asking Price: |
£135,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£312,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Cambridgeshire, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : The Sandwich Bar has been in the same hands for the past 25 years and is now solely offered for sale due to the vendors semi-retirement.
DOUBLE FRONTED MEDIUM SIZED SANDWICH BAR fully equipped including cool display serveover counter, electronc cash register, preparation area with stainless steel cladding to walls, electric fan assisted oven, Lincat electric grill, 2 hot cupboards, double panini toaster, 4-pot bain marie, small fridge, automatic hot drinks machine (on lease), 2 hot display units.
FIRST FLOOR SPACIOUS PREPARATION KITCHEN with 2 electric fan assisted ovens, 4-burner electric hob, gravity feed slicer, walk-in coldroom etc.
Included in the sale are 2 Fiat Scudo Vans, 1 approximately 5 years old whilst the other is approximately 6 years old, each van has a refrigerated section and a heated oven.
The arcade has staff toilet facilities
WE ARE INFORMED the turnover is in excess of £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx. Included in the turnover is a sandwich round accounting for approximately £300 per day of the overall turnover. The sandwich round operates Monday - Friday inclusive within an approximate 5 miles radius of the sandwich bar and operates between the hours of 8 a.m. & 2 p.m. In addition there are additional deliveries, including buffets, accounting for a further £100 per day of the overall turnover, this is operated within a maximum 5 miles radius and operates 5 days per week 9.30 a.m. - 12.30 p.m. In addition a trolley is operated to 2 offices per day accounting we understand for a further £140 per day of the overall turnover. The trolley also operates 5 days per week from 9.30 a.m. - 12.30 p.m. The business also supplies sandwiches and drinks to a local school which we understand provides a turnover of approximately £70 per day of the overall turnover 4 days per week.
We understand the present tenant is currently paying a rental of £17,600 p.a. inclusive of VAT and service charge. We further understand that subject to satisfactory references, the landlords will grant a new 5 years renewable lease at a rental of approximately £15,000 p.a. plus VAT and service charge.
Uniform Business Rates: £2,000 p.a. approx.
AS STATED THE SANDWICH BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated in a shopping arcade, city centre, CAMBRIDGESHIRE |
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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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The Sanwich Bar is operated 6 days per week Monday - Saturday inclusive - 6.45 a.m. - 4.30 p.m. in our opinion there is potential for additional opening hours and indeed for Sunday opening, if desired. |
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The business is at present operated by the vendor with the assistance of 3 full time plus 3 part time staff, with additional casual staff when required. Wages paid in the region of £1,100/£1,200 p.w. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. |
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