Hilton Smythe welcomes to the market Harrys. The sandwich shop was originally established over 20 years ago. This is a well-established business that receives a generous amount of repeat loyal trade. Our client first took over the business 3 years ago, but is now looking to sell the business due to the desire to focus on other business interests.
This is a popular sandwich shop, in a prominent trading location. They offer a variety of foods such as, sandwiches, jacket potatoes, salads, Panini’s and a range of hot and cold drinks. This is a popular menu that is offered as a takeaway option. In the warmer summer months the business has a hatch at the front of the property which is used for the sale of ice creams and drinks. This is great for when the business is very busy. The business sees repeat trade from those that work in the town centre.
We are advised that the business generates a healthy turnover of around £134,000 per annum with a gross profit of 54%. This is a great turnover, however there is scope to boost this figure. The new owner could look to extend opening hours and offer deliveries to the local area. A loyalty scheme could also be something the new owner looks into, this should increase repeat loyal trade.
This premise boasts low rent and low running costs. This would make a fantastic first time purchase for a buyer looking for a town centre sandwich shop, with a great gross profit figure. Hilton Smythe highly advise early viewing to take in the full potential of this sandwich shop.
Harrys is located on a main high street in the town centre of Newark-on-Trent, Nottinghamshire.
The sandwich shop is situated in the centre of a retail parade of stores. There is a mixture of retail outlets in this area, making this a main shopping location in the town. The street on which the business is located leads on to the main market square. There is a market held here on Monday’s, Wednesday’s, Thursday’s, Friday’s and Saturday’s. This is a great plus to the area that brings in a generous amount of trade.
The sandwich shop is situated in the centre of town. This is a prominent location that receives high volumes of footfall daily. There is great public transport in the area, with bus stops within easy walking distance. The closest train station is just a short 5 minute drive away.
Lincoln is approximately 18 miles away from this area and Sheffield is around 53 miles away. These towns are an easy commute using the great road connections.
The business is located in the centre of a retail parade. This is a single fronted premise with a large window across the front. The window has a hatch for the sale of ice cream from the outside of the property.
On entrance you are welcomed by a glass fronted serve over chiller to the left. Running around the store is a service counter with a pie warmer, baked potato oven and a double Bain Marie. Behind the counters are preparation areas with shelving. There are two drinks chillers behind and other equipment.
Through to the rear is the kitchen area, this is equipped with stainless steel fixtures and fittings. This is a well-equipped business that looks presentable.
Equipment included in the sale is as follows-
Two drinks chillers
Large glass serve over chiller
Double Bain Marie
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 9 years
Remaining lease length: 6 years as of 2016.
Rent: £8,300 per annum
The business opening hours-
Monday - Saturday: 7:30am – 3pm
The business is run and managed by our client, with the help of 1 full time and 2 part time members of staff.
The business generates a turnover in the region of £134,000 per annum.
Gross profit 54%
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