Price Reduced Busy Baguette Express In Glasgow City Centre For Sale

Business description

Sales in excess of £180,000 pa.
Sought after city centre location.
Superbly fitted and equipped for the trade.
Run under management.
Great opportunity to rapidly increase turnover by converting it from a Halal only store to a Non Halal Store offering bacon and ham (traditionally the biggest selling fillings for sandwich shops).
Viewing strongly recommended.
Rapidly expanding franchise network.
Low city centre rent.
LEASEHOLD offers over £45,000 + SAV.

Property information

Property:

Leasehold

Lease terms:

New 10 year lease with a landlords break option in 2018.

Leasehold rent:

£25,000 per annum

Location:

City Centre Glasgow

Size in square feet:

approx 400 square feet

Business Operation

Expansion potential:

Huge potential to increase the business by introducing pork, bacon and ham products. Currently the shop operates as a Halal Only store and doesn't sell any pork, bacon or ham products, which are traditionally the best selling baguette/sandwich fillers. The introduction of these products will hugely increase the turnover. Office meeting buffets offer great potential.

Reasons for selling:

The business has been in operation for many years, trading very well. It has been owned by the current owner since the start. The owner has genuine reasons for selling which is mainly to focus on expanding the franchise operation in London. His time is split between Glasgow and London and spends only a couple of hours a week on this business. He also manages a number of other businesses. The owner feels that the business can greatly be improved by a more hands on owner who can give time to the business and thus increase the turnover further. It is in excellent condition and is ready for somebody to walk in and commence trading. It has an established customer base.

Trading hours:

Mon - Fri 8.30am to 5:30pm
Sat: 10am - 5:30pm
Sun: 10.30am to 4pm

Employees:

Run under management with 1 full time manager & 5 part time employees.

Years established:

Since 2009

Franchise terms

Franchise opportunity:

Yes

The franchisor will require buyer to cover their legal fees. The franchisor also receives 7% of the businesses weekly turnover.

Other information

Support & training:

Full support and trading is available via the franchise.

Website:

Please click here to view the link