Sandwich Shops for sale in London

View the "PRICE REDUCED - FULLY CUSTOMISED SANDWICH VANS / CORPORATE BUFFETS - WELL ESTABLISHED - NORTH LONDON LOCATION" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Polly Franey (July 2015)
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Leasehold Price: £130,000 Price Reduced Annual Turnover: £397,000 Annual Gross Profit: £210,000 Annual Net Profit: £71,000
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Business Description
FULLY CUSTOMISED SANDWICH VANS (FOUR) / CORPORATE BUFFETS - WELL ESTABLISHED - NORTH LONDON LOCATION - TURNOVER £397,000 - GP 53% - NET £71,569 - FIVE DAY TRADING (CIRCA 70% VAN SALES - 30% CORPORATE BUFFET)

Operating from Business Unit on a 5 year lease - current term expiring in January 2018 (no difficulty anticipated over renewal). Rent £12,000 per annum plus small Service Charge.

Modern Industrial Unit Premises (internally approx. 1,500sq.ft.) fitted out as a Preparation Kitchen. Mains water, electricity and main drainage installed.

Account figures for the year ended July 2015 show Sales of £397,602 (estimated 70% Sandwich Vans - 30% Corporate Buffet) with a Gross Profit (prior to wages) of £210,450 (52.93%) and a Net Profit after all expenses of £71,569.

All the vans (four) are refrigerated and three have ovens. In addition there is a new Ford Transit Custom Van (refrigerated) used for corporate deliveries.

The business offers a quality range of sandwiches, baguettes, rolls, torpedoes, ciabattas, etc. with wide choice of fillings, salad boxes, jacket potatoes, pies & pasties, hot meals, e.g. lasagne, chilli con carne, pasta, Bolognese, spicy sausage pasta, etc.

In addition to the Sandwich Delivery there is a good volume of corporate buffets which are pre-ordered for the following day’s delivery. For the Corporate Buffets a selection of menu choices are offered in various price ranges.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils & equipment:- £130,000 STOCK EXTRA AT VALUATION

NB. The vans which are customised and well-kept are on lease contracts.
Tenure: Leasehold

Listed by: A H LANSLEY
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DT.5071
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