Leasehold Sandwich Bar
Location England
Asking Price Range < $250K
Gross Revenues $184600
Net Profit / Cash Flow $147680
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2001
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD SANDWICH BAR FOR SALE. ASKING FOR œ90,000. Advent Business Sales have been instructed to offer for sale this popular and established cafe and sandwich bar. Established in 2001, it is now reluctantly offered for sale due to the distance the vendor now has to travel to the business.
The business operates from a four storey premises in the city centre with unusually low rent for its location. On the ground floor there is a 26 cover cafe with sandwich bar and servery to the rear. Our client offers a range of hot/cold foods and drinks, sandwiches, jacket potatoes and coffee from a specialist coffee machine.
There is a large preparation kitchen to the rear and to the first floor there is further preparation and storage area. To the second floor there is a suite of unused offices and to the top floor, there is a one bedroom studio flat.
BUSINESS PREMISES - A 4 storey city centre premises with unusually low rent consisting of the following: Ground Floor: Entrance leading into 26 cover cafe area with chillers, servery and decorated to a high standard. Doorway leading through into main preparation area fully equipped for purpose with exit door into rear yard and stairs to first floor. First Floor: Ladies and gents W/C's. Preparation kitchen with stairs to second floor. Second floor: Staffroom. Stockroom. 3 unused rooms/offices. Stairs to third floor. Third floor: Studio flat with separate bathroom. External: Service yard to rear. Blocked paved pedestrianised zone to front.
TENURE - Leasehold. Original lease - 10 years. Remaining lease - 3 years. Review every - TBC. Rent - In the process of being reviewed. We are advised that the annual business rates are: œ8,000 (currently under review for reduction).
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