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Business For Sale. Sweet And Snack Shop

LISTING DETAILS
Firms For Sale ID:
34946
Vendor reference:
SMSB/SWSNACK
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£30,000
Furniture, fixtures and fittings included.
Turnover / revenue:
£39,000
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Having traded as a traditional sweet shop and milkshake bar for 4 years, the business has been developed by the current owners to now offer takeaway items such a baguettes, homemade cakes, jacket potatoes, ice creams and soft drinks, in addition to sweets and milkshakes. It also serves hot drinks and a facility to sit down.
Situated in a High Street location with good footfall in a South Warwickshire town, the business has 5 years remaining on its existing lease. Takings are currently around ? 750.00 per week and expected to continue to rise as the business establishes the new services and products.
In excess of ?20k has been recently invested in equipment in order to offer the extended product range, and this nearly new equipment is included within the sale. The business is well presented and needs to be viewed to appreciate its true potential.
Development opportunities include extending opening hours (for example competing for the breakfast trade as the shop currently does not open until 10am). The business would also benefit from embracing social media marketing activities.
Unfortunately, having only recently taken over the business, health reasons are prompting a sale of the business. The guide price for assets and goodwill, including all fixtures, fittings and equipment, is ?30,000 + stock at value. The vendor will be happy to support a minimum handover.