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Sandwich Bar In Chancery Lane For Sale

Chancery Lane, London, UK
Asking Price:
£47,500
Turnover:
£50K - £100K
Net Profit:
Under £50K

Features

The Sandwich Bar caters for mainly wraps & salads & is situated in a busy trading position with the advantage of an open market operating in the street Monday - Friday inclusive each week.

SINGLE FRONTED SANDWICH BAR with laminated strip floor. Counter, electronic cash register, display fridge, double panini toaster, electric oven, griddle, 4 domestic under-counter fridges, 2 deep freezers etc.

Turnover

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 65%.

Staff

At present operated by the vendor with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Friday inclusive - 11.30 a.m. - 3 p.m.
CLOSED SATURDAY & SUNDAY
It will be appreciated upon inspection there is potential to open on Saturday if desired

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £13,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £47500 plus STOCK AT VALUATION.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

15years,7 1/2 years remaining, renewable,rent review every 5 years and the next review is due in December 2023

Leasehold Rent:

£13,000 per annum

Location:

Leather lane, London

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