Cafe & Sandwich Bar For Sale

Business description

Advent Business Sales are pleased to offer to the market this very well established and profitable café and sandwich bar.

Founded by the current vendor over 7 years ago, the business is only now being reluctantly offered for sale to enable him to concentrate on an alternative unrelated business venture.

Our client provides an excellent selection of hot and cold foods, which are freshly prepared on site including:
• Sandwiches and baguettes
• Jacket potatoes
• Panini’s
• Soups and toasties
• Savouries
• Cakes and crisps
• Hot and cold drinks
• Specials board

The business is staffed by 2 full time employees and 4 part time, who each work on average 20 hours per week. The vendor only covers at lunch times each day and at cashing up on close, which equates to approximately 1 full day per week.

The business is fully equipped for purpose, including:
• 2m chilled serve over counter
• Turbo chef
• Dishwasher
• Jacket potato oven
• Soup kettle
• Coffee machine
• 3 fridge and 1 freezer under counter units
• Juicing machine
• Till with full epos links
• Stainless steel work surfaces
• 37 covers

Our client is prepared to work with a new owner for an agreed time to ensure a smooth transition and to effect the necessary staff introductions.

We are advised that stock at cost is approximately £1,000. Gross sales are currently running at circa £4,500 per week with a gross profit of approx 60%.
REF: 9312HP

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 3 years
Review every: 5 years
Rent: £30,000 P.A.

We are advised that the annual business rates are currently: £11,000

Location:

The café / sandwich bar is ideally located in the heart of a large shopping centre in a very affluent town in Hertfordshire.

The café is situated next to two of the busiest shops in the centre who attract the largest footfalls. The centre has its own dedicated pay and display car park, which is chargeable by the hour.

Nearby towns include Chesham, Kings Langley, Watford and St. Albans. The M1 motorway gives excellent access to the whole area.

Premises details:

Open premises in the centre of a shopping centre, 37 covers, escalators either side, counter and till at closed end, 2 under stairs storage cupboards

Business Operation

Expansion potential:

Our client clearly has a very successful business, it does however, still offer excellent scope to increase both sales and profits in the future by:
1. Opening on Sunday’s – they are currently closed
2. Staying open later on Thursday evenings, where they can remain open for another 1½ hours
3. Offering hot breakfasts in the mornings
4. A new owner working full time in the business and so reducing the staff wages cost
5. Applying for an alcohol licence, so they may be offered for sale with the lunches
6. Having a bread oven and so offering fresh bread for sale
7. Offering a takeaway service to the many nearby offices
8. A local re-generation programe is currently under way in the area –this will bring in more footfall and offer huge potential for expansion

Trading hours:

Mon-Sat: 8.00am – 5.30pm

Other information

Related documents:

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