Sandwich Bar With Courtyard Seating In Gloucestershire Town For Sale

Gloucestershire, UK

Asking Price:: £49,000

Turnover:: £185,000

Net Profit:: Available on request

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Fantastic opportunity to acquire a daytime sandwich bar located in a busy and prominent trading position on the High Street of a very attractive and historic Gloucestershire Cotswolds town.

Key features:
- Business established by vendor in 2010
- Trading Monday to Friday, 8:00 am to 3:00 pm and Saturday 9:00 am to 2:00 pm
- Class E planning use (retail, sandwich bar, coffee shop, restaurant, office)
- Would suit working couple or sole proprietor
- 6 months net sales to 31/12/22£92,645. gross profit 63% excellent profits – on course for £50,000 to a couple
- Busy high street trading location in historic south Gloucestershire/Cotswolds town
- Well-presented and equipped grade ii listed terraced property: take-away/servery 176 ft.², preparation area 84 ft.², rear preparation room 245 ft.², walk in cold-room, freezer room 66 ft.², dry store 51 ft.², staff toilet
- Courtyard with gazebo and seating for 15/20 diners
- Leasehold at £13,500 per annum rental (new lease available)
- Internal inspection recommended, strictly by prior appointment only through Business Partnership

Property Information

Property:: Leasehold

Lease Terms:

The premises are held on an internal repairing and insuring ten year lease from 30th September 2015 at a passing rent of £13,500 per annum, exclusive of rates, payable monthly in advance. The rent is fixed for the duration of the lease. The Landlord has confirmed that subject to status, a new 5 year lease will be available subject to a rent review at the end of year 3. Further details on application.

Subject to status, the landlord may require payment of a rent deposit equivalent to 3 months’ annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:: Historic south Gloucestershire Cotswolds town centre.

Premises Details:: Well-presented and equipped grade ii listed terraced property: take-away/servery 176 ft.², preparation area 84 ft.², rear preparation room 245 ft.², walk in cold-room, freezer room 66 ft.², dry store 51 ft.², staff toilet

Size in square feet:: 828

Business Operation

Reasons for selling:: Our client wishes to pursue a change of direction in his working life, which will involve moving into a non-catering related career.