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Leasehold Sandwich Bar Coffee House Located In Gloucester For Sale

Gloucester, Gloucestershire, UK
Asking Price:
£64,950 Furniture / Fixtures included
Turnover:
£254,529
Net Profit:
Under £50K

Leasehold Sandwich Bar & Coffee House Located In Gloucester. Established business currently operated by staff and comes with further potential. Turnover £254,529 per annum. Internal & external seating. Ideal starter business.

Veritas Business Sales are privileged to offer to the market this respected Sandwich Bar & Coffee House which is located in Gloucester city centre. The business has been established for 26 years and has been in the careful hands of our clients since May 2020. They are now offering the business for sale due to other pressing work commitments need their attention.
Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Knobbly Cob is overseen by the owners but managed on a daily basis by a manager with over 20 year experience and a team of 1 full time and 4 part time members of staff. (One of the owners is a full time catering manager who will not be staying on). For their first trading year they turned over £254,529 with a GP of £210,650 (83%) which produces a decent net profit for an owner operator. They serving a fine range freshly cut sandwiches, baguettes, ciabattas, sub rolls, jacket potatoes, salad boxes, hot daily specials, cakes, crisps, confectionery. All can be served with cold drinks, teas and specialist coffees. Fayre can be enjoyed inside, taken away or delivered via the on-line delivery portals, Just Eat, Uber Eats and Deliveroo. They also offer outside catering & buffets for private functions and office meetings.
We believe that an owner operator at the helm would increase revenue along with extending the current opening times. The business has built a strong reputation within the local community and beyond for serving quality food and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term: 10 years (Break clause @ year 6)
Remaining: 9 years
Rent: £15,000 pa (Fixed)
Rates: zero

Leasehold Rent:

£15,000 per annum

Location:

This very busy Sandwich Bar & Coffee House is located in Gloucester city centre. Situated within a prominent and highly visible trading position opposite on the pedestrianised Westgate Street. Adjacent is McDonald’s restaurant and the immediate area you have other large and independent retailers which bring high levels of footfall to the area. Gloucester is well served by the M5 motorway, which runs to the east of the city. The A38 runs north–south through Gloucester, connecting the city with Tewkesbury and Bristol. The A40 runs west to east, connecting Gloucester with Cheltenham to the east and the Forest of Dean and Monmouth to the West. The A46 and A4173 links Gloucester and Stroud, and the A417 links Gloucester with Cirencester in the south east and Ledbury in the north west.

Premises Details:

Ground Floor
Takeaway comprising: breakfast bar window seating and tables & chairs to cover (6), crisp & confectionery display, 6 wall mounted menu boards, serve over chilled display counter, multi-deck drinks fridge, EPOS till system, worktop with undercounter shelving, espresso coffee machine (Ibertal), coffee grinder (Ibertal), worktop with base units, wall storage units, bread display baskets, stainless steel worktop with shelving below, griddle (Lincat), 4 slice toaster, dishwasher (Sammic), stainless steel table with 4 heated lamps, stainless steel worktop with 3 door undercounter fridges, fridge (Fagor), stainless steel sink drainer, stainless steel wash basin, commercial microwave (Sharp), convection oven (Turbofan), 5 tier racking unit, induction hob (Buffalo), 2 panini presses (Milantoast), stainless steel table with commercial can opener, extraction canopy, small table and 3 draw unit.

First Floor
W/C with wash basin, soap dispenser and electric water heater.
Hallway with 5 tier storage racking.
Storeroom with 3 wall mounted shelves, 4 tier storage racking, upright freezer (Indesit), upright freezer (Liebherr), stainless steel upright freezer (Gram).
Restaurant (newly refurbished) with sofa, coffee table and tables & chairs to cover (18).

Second Floor
Staffroom with sofa, table & chairs and staff lockers. Stockroom with shelving and wooden 4 tier storage unit. Storeroom with chest freezer, office area with desk and CCTV monitor.
Third Floor
Storeroom
External
Frontage area with tables & chairs to cover (12) with 2 parasols.

Energy Performance Rating:
E

Business Operation

Trading hours:

Monday – Saturday – 7.00am – 4.00pm
Sundays – closed (Scope to open)

Years established:
26 years

Other Information

Inventory / Stock value:
£3,500

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