Business for Sale in Tipton, West Midlands - ATTRACTIVE SANDWICH BAR – TIPTON, WEST MIDLANDS - Leasehold: £55,000

Key Information

Ref
C33769K
Type
Food Service Businesses: Sandwich Shops
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Annual Sales
£105,316 Ex Vat
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Long Established Business in a Busy Shopping Area

Annual Sales £105,316

High Gross Profits Over 66%

Leasehold Price £55,000

Description and Trade:

This well fitted and attractively presented Sandwich Bar is situated in a good trading location within a parade of shops in Tipton.

The Business sells freshly prepared Hot & Cold Sandwiches, Panini, Breakfasts, Jacket Potatoes, Hot & Cold Drinks and other foods for taking away. Some local deliveries are undertaken; a service that could easily be expanded.

Premises:

The Sales Area (around 220 sq.ft.) is well fitted for the trade and has a suspended ceiling and tiled walls and floor.

To the rear is a Preparation Room (around 230 sq.ft.); Storage Room and Wash Room/w.c; upper floor Storage Room and Office.

There is a comprehensive inventory of fixtures, fittings and equipment included in the sale, including: hot pork counter, coffee machine, potato oven, cash register, wide display counter cool cabinet, pie cabinet, toasters, bain marie, grill, deep stainless steel sink, gas cooker, microwave ovens, chilled drinks cabinet, fridge & freezer equipment and other ancillary equipment for the trade.

To the rear is a Yard with car space and bin storage.

Accommodation:

There is no living accommodation.

Comments:

A well-established business that has been in the present owner’s hands since 2004. The Business has a consistent recent trading history, and lots of potential exists to increase sales and profits by expanding the local delivery service.

Our Client Informs Us That:

Takings and Profitability:

Annual Sales for year ended June 2017 were £105,316 with high gross profit £70,141 (66%).

Trading Hours:

8.00am – 2.30pm Monday to Friday

8.00am – 2.00pm Saturday

Closed Sunday

Staff

The Business is operated by the owner with the help of a manager and two part-time assistants.

Tenure:

The Premises are held on a Lease, due to expire around September 2019. However, this lease will be renewable for a new owner. Present Rent payable is £10,800 per annum.

Price:

£55,000 plus stock at valuation for the lease, business, fixtures and fittings.

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02