Delicatessen & Sandwich Bar In London EC1 For Sale

Business description

A Very Well Appointed Delicatessen & Sandwich Bar Seating 45, Occupying an Enviable Trading Position in a Very Busy Location with Very Heavy Footfall on Goswell Road EC1. The spacious level dining area which seats 45 comfortably is laid to good quality ceramic tiled flooring. It is open plan with a very attractive refrigerated serve over display unit, range of stainless steel counters, a 3 Port Espresso Coffee Machine. Behind the counter there is a range of stainless steel storage units, food preparation facilities equipped with a Turbofan Oven, 2 Panini Style Grills, 2 commercial microwaves, a 6 Slice Commercial Toaster, Ice Making Machine and a Stainless Steel Sink Unit. Access, via the ground floor, is to a spacious dry basement providing ample storage and preparation facilities: with a Meat Slicer, 2 Chest Freezers, 1 Upright Freezer, 3 Refrigerators, a Refrigerated Display Cabinet, ample shelving units, a useful Utility Room and an Under Pave Vault. There are Separate Well Appointed Ladies and Gents WC & WHB facilities. This is a spacious well appointed unit in a superb location worth Immediate Inspection.
TAKINGS: £7,500 per week average exclusive of vat with Gross Profits in excess of 70% advised.
HOURS: Monday to Friday from 7am till 5pm, Saturday & Sunday from 7am till 4pm.
STAFF: The business is run by our client, the vendor, employing a team of 5 regular staff. Details of staffing arrangements and staff costs can be made available to genuinely interested applicants at the appropriate time.
TENURE: Renewable lease with more than 10 years remaining as at January 2012. Subject to 5 yearly rent reviews, the next being April 2012. CURRENT RENT: £37,000 per annum. BUSINESS RATES: £11,690 per annum appx.

ASKING PRICE: £285,000 + STOCK AT VALUATION

Property information

Property:

Leasehold

Leasehold rent:

£37,500 per annum

Location:

Prime High Street Location

Premises details:

A Lock Up Shop

Other information

Financing available:

Via Salmon Charles Subject to Status