Price:
Leasehold - £175,000
Business Type:
Retail businesses, Service Businesses
Established by the current Vendor in excess of 18 years now the business is completely unrivalled in terms of reputation and business turnover. The business is uniquely placed amongst a very busy local shopping centre which is surrounded by a highly built up residential area as well as residential above most shops in the centre. The shopping centre consist of a Morrison?s Superstore, Iceland, The Post Office and several independent retailers. It also benefits from being close to several schools, a community centre and has 1 hour free parking directly in front of the Shopping Centre. There is a small market square with traders opposite the shop and the passing trade is absolutely tremendous. As you enter the business you are greeted with the Bakery Counters, then the freshly made sandwich fillings to choose and takeaway, at the end of the displays is the comfortable seating area for 35+ with Kitchen at the back. The menu offers All day breakfasts, Burgers, Salads, Omelettes, Jacket Potatoes and Toasted sandwiches. The business also comes with 4 garages 2 of which are let out and the other 2 are used for owner car parking and storage.Turnover:Turnover on accounts ending 5th April 2010 show a figure of £251,758 with a healthy gross profit of approximately 61%. We are also informed that the business turnover has increased since the accounts were produced and the weekly takings are in excess of £6,000.Potential:The potential here lies in an owner operator that would substantially increase the profits as a huge administrative cost is staff wages. However a very comfortable lifestyle is lead through the current owner who is rarely involved with the business on a day to day basis. Also Sunday opening would increase the Turnover even more.Reason for Sale:The vendor has reluctantly decided to sell and this is down to ill health.Equipment:A full complement of Equipment to include: Chest fridge, 2 x Double drinks fridge, 5 x Chillier display fridges with cold storage, Bread slicer, 4 Slice toaster, Pannini grill, Fridge, 2 x 2 Group coffee machines, Double coffee pot, Freezer, Fridge freezer, Chest freezer, Dry storage racking, Fridge, Cold milk machine, 6 Slice toaster, 6 x Microwaves, 2 Pot Bain Marie, 2 x Griddle, 2 x Chip fryers.Stock:Stock to be purchased separately at Valuation, Approximately £3,000Rates:We are informed business rates payable are approximately £6,000 per annum.Legal Fees:Vendor and Purchaser to be responsible for their own legal costs incurred throughout the transaction. Purchase to meet Landlords reasonable cost when establishing any new lease.
Property:Good Signage with External covers and large window fronted premises, A single door entrance welcomes you into this large shop and to the left hand side is the Bakery serving area and further along is the Sandwich bar takeaway. You are then in view of the Cafe seating area all tastefully decorated with an open plan kitchen with serving shelf. A doorway leads you to the customer and staff toilets and there is more storage with rear access.
The business is currently open from 6am to 5pm Monday to Saturday.
North Yorkshire
£ 750,000
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