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Business For Sale. Superb Sandwich Bar In Central London

LISTING DETAILS
Firms For Sale ID:
32624
Vendor reference:
S7261FS
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£169,950
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£200,000 - £500,000
Net profit / cashflow:
Undisclosed
Years established:
61
Trading hours:
Mon – Fri 7.00 am – 4.00 pm.
Business website:

OTHER DETAILS
Reason for selling:
Ill health and retirement.
Support and training:
available if required
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease length:
10
Lease remaining:
11
Lease terms:
Renewable lease to 2024 available.The current lease expires in 2014 but a new 10 years lease to September 2024 has been agreed with 5 yearly rent reviews at a rent of £18,500 per annum. The service charge is £1,500 per annum.
Rent:
£18,500 per annum
 
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BUSINESS DESCRIPTION
Single fronted premises with wide forecourt (can accommodated 8 customers when weather permits). Internally the sandwich bar is arranged on ground floor and basement levels. The ground floor measures approximately 265 sq ft overall comprising take away section with serving counter and breakfast bar with 6 stools. At the rear there is a fire exit access which leads to service road. Basement measures approximately 265 sq ft overall comprising preparation area, stock room, office and toilet.

The sandwich bar is very well established over 61 years and has been in present owners’ hands for 5 years. The business is currently taking £5,000/£5,500 per week in 5 days trading.

Expansion Potential
The sandwich bar is very well established over 61 years and has been in present owners’ hands for 5 years. The business is currently taking £5,000/£5,500 per week in 5 days trading.

Market / Competition / Non-Competition Agreements
Single fronted premises with wide forecourt (can accommodated 8 customers when weather permits). Internally the sandwich bar is arranged on ground floor and basement levels. The ground floor measures approximately 265 sq ft overall comprising take away section with serving counter and breakfast bar with 6 stools. At the rear there is a fire exit access which leads to service road. Basement measures approximately 265 sq ft overall comprising preparation area, stock room, office and toilet.