Sandwich Shops for sale in Ashton-under-Lyne

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Popular Sandwich Bar - Ashton-Under-Lyne

Ashton-under-Lyne, Greater Manchester, England

  • Leasehold Price: £19,995
  • Annual Turnover: £76,238
  • Annual Gross Profit: £40,774
Seller Reference: 7193
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Business Description
 
 
 
 
 
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Seller Reference: 7193
Request Details
Business Description
Well established
Turnover £76,238 Y/E April 2020
Turnover increase by 21%
Strong Network of Business Accounts
Popular Social Media Following
Low Rent with New Lease Available
5 Star Hygiene
Glowing Online Reviews
Solid Trading Figures
Good Quality Equipment
Genuine Reason For Sale
EPC - C
Blacks Brokers are pleased to bring to the market this leasehold sandwich bar located on Oldham Road, Ashton-Under-Lyne.

INTRODUCTION

The Sandwich Shop has been trading on Oldham Road since 2017. Previously a sandwich bar business had been operating from this location for the past 25 years. Since our client acquired the business in 2017 a refurbishment programme has been competed and professional catering equipment has been installed and a rebranding. Since 2017 the business has generated a huge amount of additional goodwill and has built upon its existing enviable reputation within the local area.

LOCATION

Situated on Oldham Road the business benefits from a heavy footfall in this busy location.

REASON FOR SALE

This opportunity has become available due to a career opportunity that has presented itself to our client. Therefore the business has been placed on the open market at this appealing price point.

LEASE

The building is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The lease will be a new lease a length that can be negotiated by the new buyer. The current rent is £145 per week which represents excellent value for such a prime location property.

STAFF

The owner is supported by a single part time member of staff on a 12 hour per week basis.

FINANCIAL DETAILS

Currently the business is trading strongly and can show turnover growth on the Y/E April 2020 accounts of over 20% from last year. As shown on the latest set of accounts Y/E April 2020 there is a turnover of £76,238 with a healthy gross profit of £40,774.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief.

SUMMARY

This is an exceptionally efficient run business that has been trading consistently since 2017 with a trading heritage spanning 25 years. The business offers a solid trading platform for a new owner and this makes this proposition a secure one as it shows steady growth over the years. Our client has had no need to expand the business has it fits into a lifestyle however there is an opportunity to build upon the outside catering aspect of the operation which is largely untapped at this stage. The business does not actively advertise as there is no requirement to do as all marketing is done through social media. Facebook and Instagram accounts along with other platforms will of course be transferred to the new buyer upon completion. This very well respected business presents an excellent opportunity for a new owner operator to enjoy and develop. With a genuine reason for sale and a price that offers exceptional return on money invested early viewings are advised as a speedy completion is anticipated and demand for this business will be high.
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The lease covers the ground floor of the property. It has a smart exterior with striking cream and grey signage. The shop front has a windowed front and is fully alarmed. Once inside, the store is well laid out and has a clean crisp feel. Our client has created a shop fit that maximises all the available space within this large building. There is a customer serving area to the front with a waiting area. The floor is fully tiled and the kitchen is equipped with good quality high value professional catering equipment. To the rear of the shop are staff toilets, a preparation kitchen area and an office.

Location Details:
Ashton-Under-Lyne
Leasehold Term:
£145 Per Week
Listed by:
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