Location:
London, Croydon
Business Type:
Food Service Businesses, FRANCHISE RESALES
The unit is a highly visible ground floor lock-up shop in a
mid terraced building. The shop layout comprises a
seating area comprising 13 internal covers at the front
with a serving area and kitchen at the rear.
THE BUSINESS
The sandwich franchise is backed by an internationally
recognised brand name and is supported by extensive
national marketing with an excellent franchise support
system. The Franchise is the No.1 quick service sandwich
store chain in every market it serves and continues to
experience strong growth with over 34,000 locations
worldwide.
The units offer a wide variety of fresh made-to-order
sandwiches, salads, cold beverages and cookies.
The current owner is now selling to move on to other
business ventures.
TRADING INFORMATION
Our client has advised that the business currently
generates a gross weekly turnover of £8,500. Further
trading information will be available after a formal viewing
has been conducted.
ACCOMMODATION
There is self contained accommodation on the three
upper floors which is accessed to the rear.
The accommodation comprises of: One room let with
a shared kitchen, WC and bathroom on the 1st floor as
well as 2 room lets and a WC on the second floor.
The third floor comprises 2 room lets.
The letting rooms generate an annual rental income
of £17,000.
BUSINESS RATES
We have also been advised by our client that the
business rates payable for 2010/2011 is circa
£13,553. This is to be confirmed with the council.
FIXTURES AND FITTINGS
We are advised that all fixtures and fittings are owned
outright.
The business occupies a prominent position on the high street which leads to a primary pedestrianised shopping promenade. The unit is conveniently located close to a train station, tram links and good bus connections. Some nearby national covenants in the area include Santander, Marks and Spencers, HSBC, Carphone Warehouse, Next, House of Fraser, Mc Donald’s and Pret-a-Manger to name a few.
We have been advised that the premises is held on a
FRI 15 year lease which commenced in November
2006. The annual rent passing is £72,000. Formal rent
reviews are conducted every 5 years.
The business currently trades:
Mon-Sun 8:00am – 11:00pm
There is self contained accommodation on the three upper floors which is accessed to the rear.
The accommodation comprises of: One room let with a shared kitchen, WC and bathroom on the 1st floor as well as 2 room lets and a WC on the second floor. The third floor comprises 2 room lets.
The letting rooms generate an annual rental income of £17,000.
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