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7033LE LEICESTER CITY CENTRE L/H £39,500 SANDWICH BAR
Asking Price:
GBP 39500
Contact Seller Now
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Business Location:
United Kingdom » Leicester » LEICESTER CITY CENTRE
Category:
Food
»
Retailers
Description:
Advent Business Sales have been
instructed to offer for sale this
delightful business.
The vendor established the business in
1991 and for the last decade has left
the business to be run on management.
The owner has reluctantly decided to
sell as another business venture
requires more effort and time.
Over the years many other food
businesses have appeared within close
proximity. The increased competition
has actually had a positive impact with
an increase of weekly takings now
averaging £3,000 per week.
This has been a result of customers
realising that the area caters for the
public’s taste via juice bars, a baguette
shop and a McDonalds. The recent
improvements to this part of the city
centre affords the opportunity for
further increases in trade.
The owner has informed us that a new
owner operator would increase sales and
profitability substantially especially
with a working couple.
There is a large demand in the
immediate vicinity for a basket delivery
round.
The sandwich bar has a wide and varied
menu which primarily focuses on fresh
food made from healthy ingredients.
This is an excellent opportunity to
acquire a very well established business
in a prominent location offering extra
profits and potential to increase sales
to an owner operator.
This realistically priced business needs
to be viewed sooner rather than later to
avoid disappointment.
The vendor is willing to conduct a two
week hand over period
The business price has been
substantially reduced due to the
pressing commitments of the vendor
outside of the normal business
Hence, the interested party will have to
provide proof of funding and a signed
client confidentiality agreement prior to
viewing.
The new tenant or purchaser will be
responsible for the solicitor cost of the
landlord.
TRADING HOURS
Mon – Sat: 7.30am – 4.30pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
W/T: £3,000
Gross Profit: 63%
(Net profits are in the region of
£20,000 after staff costs and growing).
A husband and wife time would see a
substantial increase in net profits.
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
An efficient ground floor lock up unit,
fully equipped with the following;
? Till
? Coffee machine
? Jacket potato oven
? Stainless steel serve over fridge
? Purpose built steel corner unit
with refrigerator and ban marie
? Hot food display cabinet
? Microwave and freezers
TENURE: Leasehold
Current Lease: 15 years
Lease Remaining: 4 1/2 years
(renewable)
Review every: 5 years
Annual Rent: £15,900
We are advised that the annual business
rates are currently: £7, 000
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Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
Year Established:
1991
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
No of trading hours:
Mon – Sat: 7.30am – 4.30pm
Reasons for selling:
due to the pressing commitments of the vendor outside of the normal business
Contact Seller Now
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