Busy Sandwich Bar In High Street Location For Sale

Business description

This takeaway sandwich bar serves freshly made salads, jacket potatoes, sandwiches and baguettes with a choice of over 40 different fillings. All the sandwiches are made to order and the fillings are prepared on the premises. The bread is also baked on the premises. It also sells teas, coffees and a range of soft drinks.

The current owner has been there since 2004 and we are advised that a sandwich bar has been operating from these premises for nearly 20 years creating an established footfall.

TURNOVER

We are advised that turnover is in the range of £1,750-£1,950 per week which includes approximately £600 per month from deliveries for account customers.

TENURE

We are advised that the premises are secured on a 20 year lease terminating in 2024.
The rent is £13,000, reviewed every 4 years with the next review in 2012. Business rates are £2000.

We would highlight that the current owner advises us that he lets the flat above the shop on an Assured Shorthold Tenancy, normally to students attending a local college, for which he receives a monthly rent of £650.

Property information

Property:

Leasehold

Lease terms:

We are advised that the premises are secured on a 20 year lease terminating in 2024.
The rent is £13,000, reviewed every 4 years with the next review in 2012. Business rates are £2000.

We would highlight that the current owner advises us that he lets the flat above the shop on an Assured Shorthold Tenancy, normally to students attending a local college, for which he receives a monthly rent of £650.

Leasehold rent:

£13,000 per annum

Living accommodation:

On the second floor is a one bed flat comprising a large living room with small kitchen to the side, a good sized bedroom and shower room. Although not self-contained we are advised that this flat is rented to students from a local college. We would highlight that the current owner advises us that he lets the flat above the shop on an Assured Shorthold Tenancy, normally to students attending a local college, for which he receives a monthly rent of £650.

Location:

Well situated in a prime location on a busy suburban high street in Kent within a densely populated residential area that benefits from the local commercial and shopping activity. Nestling between two busy premises this sandwich bar has a large established base of regular customers as well as attracting passing trade.

Premises details:

PREMISES

The customer area/ground floor is compact but there is ample space to accommodate customers even during busy periods. This helps to create the cosy and friendly environment that the current owner and his staff are keen to promote. This area could be expanded to provide a larger standing or preparation area. Customers are served over a display counter where the sandwich fillings and salad produce are on view to help with selection. There is also a tall soft drinks fridge. Behind this counter is a preparation area, bread oven, fridge, toaster and wash basin.

The accommodation above the shop covers a much larger floor space than the shop as it straddles neighbouring shop premises. Access to these floors is gained via the stairs from inside the shop or from the rear. Rear access allows discreet deliveries into the 1st floor. This mezzanine area contains a fridge, freezer, store cupboard and dry storage area. A toilet and broom cupboard is also located in this area.

On the first floor is a room measuring approximately 5m x 5m which is used for food preparation and is equipped with a walk in cold room, double sided preparation counters and meat slicer.

On the second floor is a one bed flat comprising a large living room with small kitchen to the side, a good sized bedroom and shower room. Although not self-contained we are advised that this flat is rented to students from a local college.

Other information

Expansion potential:

The current owner is preparing to develop the delivery and buffet services and target the lucrative corporate lunches and party catering areas. A website is being developed and a moped purchased with this in mind. Reorganising the use of space to create an “eat and drink in” space could also increase takings both for the current opening hours and by developing weekend trade which is not currently undertaken.

Trading hours:

Monday-Friday 09.00am-3.00pm