Sandwich Shops for sale in Chichester

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Long Established Takeaway Food Bar - Chichester

Chichester, West Sussex, England

  • Leasehold Price: £49,950
  • Annual Turnover: £125,682
  • Annual Gross Profit: £37,398
  • Annual Net Profit: £17,668
Seller Reference: 7288
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Business Description
 
 
 
 
 
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Seller Reference: 7288
Request Details
Business Description
City Centre Position
Accounts Available Year End 30th March 2020
Annual Turnover £125,682
Gross Profit £37,398
Further Financial Info Available After Viewing
Established 1977
Semi-Retirement Sale
Five Star Food Hygiene Rating
Excellent Reputation
Repeat Customer Base
High Footfall Area
Active Uber Eats & Deliveroo Accounts
Potential To Extend Opening Hours
EPC - TBC
REF 7288 – Leasehold Takeaway Food Bar

Blacks Brokers are pleased to bring to the market this leasehold takeaway food bar located in Chichester, West Sussex.

INTRODUCTION

The Lunch Box was established by our client’s family in this busy area of Chichester in 1977 and our client took full ownership in 2018. The business offers a range of freshly prepared food choices included salad boxes, sandwiches and jacket potatoes on a takeaway basis only. The business has active accounts in place with both Uber Eats and Deliveroo. The Lunch Box is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Facebook and Google. The Lunch Box has a comprehensive website in place.

LOCATION

The Lunch Box occupies a fantastic city centre trading position within a small parade of shops. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as HSBC, Seasalt, Moss Bros and many more. There are also a number of tourist attractions nearby including Chichester Cathedral and Bishops Palace Garden. The area is well linked by the A27 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on an Internal Repairs Only lease (IRO). The current lease is a ten year lease which began in 2018 at a cost of £221 per week.

BUILDING LAYOUT AND DESIGN

The Lunch Box operates from a three storey, end-terraced property. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with kitchen and preparation area on the first floor. The second floor provides storage areas, office space and space for staff belongings. All areas are well equipped and presented nicely.

STAFF

The business operates with five members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

The Lunch Box has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th March 2020 show that the business has an annual turnover of £125,682 with a gross profit of £37,398. Full financial information can be made available after viewing.

BUSINESS RATES

The business currently benefits from 100% Small Business Rates Relief.

SUMMARY

This highly reputable and long established business occupies an enviable trading position in a sought after area of Chichester. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu choices and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
All Fixtures and Fittings Included
Trading hours:
MON - SAT: 08:30 - 15:00
Tenure:
Leasehold
Location Details:
Chichester
Leasehold Term:
£221 Per Week
Listed by:
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