Sandwich Bar & Retail Bakery With Outside Catering For Sale

Business description

Outstanding opportunity to acquire a well established business occupying a very busy main road adjacent to town centre, enjoying a high level of passing pedestrian trade. We understand the shop has many regular customers from staff of surrounding shops and offices and also local residents.

The business has been in the same hands for the past 7 years and is now only being sold as a result of the vendor's other business interests.

SANDWICH BAR/BAKERY, fully equipped. The shop has been newly refurbished to a very high standard, including laminated floor throughout the premises, open plan fully fitted kitchen for outside catering, suspended ceiling.

2 Mobile Jiffy Vans available for sale separately.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, having approximately 6 years unexpired at a rental of £7,500 p.a. plus VAT, exclusive of rates with rent review every 3 years, next review in 2011.

Uniform Business Rates: £1,400 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Prominent trading position, busy road, KENT

Other information

Expansion potential:

WE ARE INFORMED the overall turnover is in the region of £1,250/£1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands by adding outside catering and a buffet service plus additional seating at the rear of the shop. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £22,500 plus STOCK AT VALUATION (£1,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8 a.m. - 5 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.