A sandwich bar/coffee shop which has been owned and operated by our client since 2018, but was established a long time before that. Our clients have built up a good reputation over their period of ownership, with a loyal and regular customer base, supported by a 4.5* Google review. Trading with a menu that includes but is not limited to sandwiches, paninis, sausage rolls, pastries, teas, coffees and slush puppies. Our clients offer a phone-holding service for the students of the local schools which drives significant trade from them to the business. Good established turnover which is from shop sales only, leaving huge scope for a purchaser to incorporate a delivery service to the business, which in turn would greatly increase the turnover. Viewing recommended. OUR REF: RX------ - C6663E
Location
Situated within a parade of shops just off a very busy road, surrounded by various independent and big-name traders including a Boots Pharmacy, Premier Convenience Store, Library, Ford & Kia garage. The premises is also within close proximity to multiple schools which helps drive significant footfall to the business.
Tenure
5 year lease from September 2022 at a rental of £5,300 per annum exclusive.
Premises
An end-of-terrace retail shop with forecourt seating space for 6-8 covers, fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 239 sq. ft. (22.2 sq. m.) and is arranged as follows:
MAIN SALES AREA with tiled flooring, suspended ceiling, panel lighting, 2 x customer waiting seats, display chest freezer, drinks display fridge, serve-over counter, till, heated display unit, 5 x Slush machines, bread maker, 2-group coffee machine, coffee grinder, stainless-steel double sink, wash hand basin, oven with 4 hobs, microwave, stainless-steel under-counter refrigeration, toaster, blender and double panini press.
NOTE: The premises also benefits from one parking space to the rear as well as a WC.
Staff & Trading Hours
The business is run by two vendor partners only. Monday to Friday 7.30 am till 4 pm, Saturday 7.30 to 2 pm and closed on Sundays.
Turnover
We are advised turnover averages £1,500 per week working to the usual high gross profit margins associated with the trade. The turnover is from shop sales only and our client does not offer a delivery service, which leaves massive scope for a purchaser to incorporate a delivery service which in turn would increase the turnover.
Business Rates
The premises is subject to a rateable value of £3,800 resulting in zero business rates payable, should small business rate relief apply to a purchaser.
Legal Costs
Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
