Sandwich Shops for sale in Ringwood

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John Peacock (Feb 2017)
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Leasehold Price: £38,500
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Business Description
FEATURES
Long established sandwich bar with loyal clientele. Fully fitted and equipped throughout. Would suit couple/partnership. Low overheads. Genuine retirement sale.

SUMMARY OF ACCOMMODATION
Sandwich Bar. Wash Up Room. Owners Cloakroom.

LOCATION
Town Centre position. Popular Market Town with passing foot and road traffic. Furlong Shopping Centre within 350 yards (on foot). Bournemouth approx. 13 miles. Salisbury approx. 17 miles.

TRADING & BUSINESS
The owners inform us that they currently trade the sandwich bar from Monday to Friday, 7.30am until 2.30pm (and are closed for holidays 4 weeks each year). The turnover in the year ending 31st August 2017 was £73,000 with a Net Profit of £30,000. It is felt that the turnover and profitability could be substantially increased under a younger more “vigorous” ownership, by operating longer hours and by focusing on providing more outside catering and buffet business. Further accounts can be made available to genuinely interested purchasers.

TENURE
LEASEHOLD. The owners inform us that the premises are held under a lease which expires in November 2019, at a current rent of £7,500 per annum. We understand that the landlord is prepared to offer a new lease to a buyer subject to satisfactory references being provided. We have not had sight of this lease documentation.
Tenure: Leasehold

Location Details:
Town Centre position. Popular Market Town with passing foot and road traffic. Furlong Shopping Centre within 350 yards (on foot). Bournemouth approx. 13 miles. Salisbury approx. 17 miles.

Leasehold Term:
LEASEHOLD. The owners inform us that the premises are held under a lease which expires in November 2019, at a current rent of £7,500 per annum. We understand that the landlord is prepared to offer a new lease to a buyer subject to satisfactory references being provided. We have not had sight of this lease documentation.

Listed by: Goadsby

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H4837
Seller Reference:
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