Well established SANDWICH BAR plus 2 SANDWICH ROUNDS.
Price:
Leasehold - £69,950
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Single fronted medium sized Premises with tiled floor, cool display serve over counter, electric cash register, hot water boiler, panini toaster, stainless steel table.
Preparation room with 3 stainless steel fridges.
Rear Kitchen with double sink and drainer, electric bake-off oven, stainless steel table, etc.
Staff Cloakroom with w.c. and wash hand basin.
Rear Yard plus garage with 2 chest deep freezes.
Included in the sale are 2 Jiffy truck vans, each refrigerated, plus hot air oven. One of the vans is 55 plate whilst the other is 57 plate (this van on lease, having approx. 1 year to go).
WE ARE INFORMED the turnover averages £5,000 p.w., in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending May 2010 showed in the region of £255,000. It should be noted that approx. 70% of the turnover is from the 2 sandwich rounds, each sandwich round operates 5 days per week within approx. 5/6 miles radius of the premises. The first round is operated Monday/Friday from 7.30 a.m. - approx. 1.30 p.m. whilst the second round operates also Monday/Friday from 8.30 a.m. - approx. 2 p.m.
WE UNDERSTAND the premises are held on a secure renewable lease, from a private landlord, the present lease having approx. 6 years unexpired at a current rental of £9,500 p.a. excl. of rates. We understand there was a rent review due to in June 2011, however, the landlord has not made any request for an increase in the rent at the present time. We further understand the rent reviews are every 4 years.
Uniform business rates £1,000 p.a. approx. after small business relief.
The business has been in the same hands for the past 10 YEARS and there are genuine reasons for sale.
RECOMMENDED FOR EARLY INSPECTION.
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £69,950 PLUS STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Situated in a small parade, busy road, residential and commercial area, KENT.
Monday - Friday inclusive - 7 a.m. - 1.30 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
North Yorkshire
£ 750,000
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