A3 Sandwich Bar with offices above

Price:

Leasehold - £165,000

Turnover:

Seller Ref:

CL001203

Location:

London, London, Covent Garden

Business Type:

Food Service Businesses

See Other:

Sandwich shops for sale in London
Cafés for sale in London
Food service businesses for sale in London

Description:

THE BUSINESS:

A3 Take Away Cafe (Sandwich Bar) established on the site for the past 5 years by the current owner but a similar business has been on this site for many years. The business serves take away only for hot foods, sandwiches, paninis, snack foods and hot & cold drinks plus a buffet trade for surrounding businesses.

Advised turnover comprises c£4,500 per week (shop sales) and c£500 pw (buffet trade).

Very profitable business due to very low overheads with rental income achieve from upper parts covering the majority of the rent payable per annum.

Location Details:

Sought after position between Covent Garden and the Strand close to many theatres, offices and shops benefiting from a heavy footfall of passing trade from the office workers, shoppers and many tourists in the area.

Lease Terms:

15 years remaining on current lease (2012). Advised within the Landlord & Tenant Act. Overall rent £28,000 per annum. Next rent review 3 years. Net rent for shop mainly covered by the rent achieved when offices are fully let.

Trading Hours:

7.30am-4pm Monday to Saturday