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Most attractive SANDWICH BAR plus LICENSED BISTRO CAFÉ (Full On Licence)
Price:
Leasehold - £87,500
Location:
London, CITY OF LONDON Central London
Business Type:
Food Service Businesses, Pubs
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a Catering Business with an attractive Sandwich Bar on the ground floor and Licensed Function Room Suite in the basement. The Function Room Suite has a Liquor & Dance Licence, together with the benefit of a Late Licence Monday - Thursday until 12 midnight. Friday & Saturday until 1 a.m. & Sunday until 11 p.m.
The Company specialises in business lunches, maximum radius 2 miles as well as a profitable Sandwich Bar.
GROUND FLOOR
ATTRACTIVE DOUBLE FRONTED MEDIUM SIZED SANDWICH BAR fully equipped including hot display serveover unit, 2 cool display serveover units, panini toaster, 3 group coffee machine, electronic cash register - touch screen, upright stainless steel drinks fridges, microwave oven, commercial juicer, blender for smoothies, single door small fridge, sink and drainer, wash hand basin. CCTV system with 6 cameras, 1 monitor.
STAIRS TO BASEMENT
LARGE FUNCTION ROOM SUITE the basement area has the main entrance from the main road. Refurbished approx. 3 years ago. 50' Flat Screen TV. Tables and chairs plus upholstered settees providing seating for 50 persons. Bar/Breakfast Bar with 7 high chairs. 2 hand pumps, double door glass fronted counter fridge, touch screen computer system.
COFFEE AREA with 2 group coffee machine, double sink and drainer
LARGE A3 KITCHEN servicing the Outside Catering orders and Sandwich Bar. The spacious kitchen has a tiled floor, mainly stainless steel equipment. The equipment includes 6-burner Chester cooker with double oven, fan assisted turbo oven, stainless steel extractor, walk-in coldroom, 2 stainless steel fridges, 2 upright deep freezes, 1 chest deep freeze, stainless steel tables, electric slicer, double sink and drainer, wash hand basin etc.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Small office plus storage cupboards
WE ARE INFORMED the turnover averages £4,300 p.w. in our opinion offering tremendous potential for further increase in the right hands. We further understand the split of turnover is sandwich bar turnover in the region of £1,800 p.w. with the balance of approximately £2,500 p.w. in respect of corporate section which includes the preparation of sandwich and fruit platters plus buffets. We are further advised that the sales year ending 31st May, 2011 showed £265,738 with a gross profit of £116,956. In our opinion the Licenced Function Room Suite is at present under utilized and in our opinion offers terrific potential for private and corporate functions.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having 10 years unexpired from September, 2010 at a rental of £31,000 p.a. exclusive of rates up to September, 2015, with rent to be agreed thereafter.
Uniform Business Rates: £12,900 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A BUSINESS/PRIVATE CATERING COMPANY WITH SANDWICH BAR PLUS LICENSED FUNCTION ROOM SUITE, IN OUR OPINION OFFERING TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £87,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, just off the main road, densely populated commercial, office and residential area, LONDON, C
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