Hilton Smythe is delighted to welcome to the market Tuck In. This sandwich bar was only established in 2014 but has generated a healthy turnover in the short time. Our client is looking to sell the business due to family health issues.
The business is currently generating an advised turnover of around £78,000 per annum with a gross profit of 65%. This is a fantastic gross profit that could be due to the low monthly rent and wage bills. We believe the turnover could be increased by offering deliveries to the local industrial estates, this could boost repeat trade and therefore generate a higher income.
The business does currently offer deliveries over the phone and through Just Eat from which the sandwich shop receives much of its trade. The shop generates its income from the sale of hot and cold food such as breakfasts, soups, baguettes, burgers, toasties, jacket potatoes and more. The shop is well priced and has a brilliant menu.
There is always a high amount of trade and footfall due to the main road location and the few schools which are close by. We are advised this is set to rise as there are three new housing estates being built close by.
This is a fantastic opportunity for a first time buyer looking for a potentially successful and profitable business. This sale comes with all new equipment which was bought new 12 months ago. This business comes to the market at a genuine reason for sale and is not to be missed. Hilton Smythe highly advise early viewing to avoid disappointment.
Tuck In is located in Hartlepool, County Durham.
The business is ideally situated on a main road in a built up residential area of Hartlepool. The sandwich shop is amongst a handful of stores such as a Coral, Premier and smaller independent stores. The business receives a mass amount of its trade from locals who live in the area.
This road is a main bus route with stops dotted along. The business benefits from free parking nearby which makes it easier for customers to call in the shop. The area is also well served by the A-roads, with both the A179 and A689 being within close proximity to the shop.
The town has seen major investment over the past 20 years through regeneration programmes and public and private sector investment. The town now has good visitor facilities, a revitalised town centre and a wide range of retail facilities, as well as sites of international importance.
The sandwich shop looks clean from the front and is well signed, clear to all passing trade.
Through the main entrance is the waiting area. The store is very clean and looks hygienic due to all equipment being new. There is a small seating area with four stools. There are a hot and cold serve over counters, which allows for storing products and displaying food on offer. The shop is all open plan and the kitchen area is clearly visible from the front of the store.
To the back of the shop is the fully fitted kitchen, further through is a second preparation area, store room and freezer with a dry store to the rear. There is also a toilet and access to the rear.
2 x Fryers
4 x Pot Bain Marie
2 x Panini makers
Stainless steel bench
3 x Stainless steel fridges
2 x Chest freezers
Hot and cold display counters
All general utensils and equipment included.
The business is fitted with electric shutters to the front.
We are advised the business is Leasehold.
Original lease length: 5 years
Remaining lease length: 3.5 years
Review every: years
Rent: £303 per month
The business is open-
Monday - Saturday: 7:30am – 2pm
Sunday: 9am – 2:30pm
The business is run and managed by our client with the help of 2 part time members of staff.
The business generates a turnover in the region of £78,000 per annum.
With a gross profit of around 65%
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