Price: sold - Sold
Superbly presented and well run sandwich bar in great location
Ref: C 891
We are pleased to offer this highly attractive and easy to run sandwich shop / snack bar which enjoys a very prominent location on the corner of Lawrence Street and Farrar Street on the east side of the city close to a large student population as well as enjoying a considerable amount of passing trade. The premises are fitted and equipped with a full range of catering necessities including full extraction facilities and is immaculately presented in all areas.
ACCOMMODATION ( note, all dimensions are approximate )
Sales area 14.4 sq m having glass fronted refrigerated display counter, tall cold drinks cabinet, 2 tables and 8 stools, plate warmer, electronic cash register, cling film wrapper, hot water boiler.
Lobby area with fridge, through to:
Kitchen 11.7 sq m extraction canopy, 6 burner gas hob, 2 pan deep fat fryer, griddle, two pan and 3 pan bain marie, stainless steel preparation bench with toaster and toaster sandwich maker, stainless steel shelving.
Preparation Room 8.7 sq m double bowl stainless steel sink unit, deep bowl stainless steel sink unit, separate wash hand basin, freezer
Store housing tall freezer, 2 fridges, electric water boiler, stainless steel shelving.
A side lobby gives access to a wc and wash basin and door to Farrar Street from which there is access to the rear yard housing the waste bins etc.
The premises have a RV of £5000 therefore for most occupiers, no rates will be payable. Interested parties should check this information prior to proceeding.
The property is held on a 10 year lease from March 2013 at a rent of only £450 per month. .
The 2017 accounts show takings of £79,034 with a Gross profit of £38,053. The owner does not run the business on a totally hands on basis, sometimes being there only 2 days a week therefore there is one full time employee and occasional part time assistance however if the new owner was more hands on, it is felt that only one member of staff would be required thus reducing current wage costs. On this basis we calculate that the adjusted net profits will be around £19,500. Accounts are available to genuinely interested parties after having viewed the business Opening hours are Mon – Fri 8.00am to 2.00pm. Sat 9.00am to 1.00pm.
The landlords reasonable legal costs involved in assigning the lease will be split 50 /50 between purchaser and vendor.
By arrangement with The Agents on 01904 794812.
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.
All prices and rents are deemed to be exclusive of any VAT which may apply.
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease