Modern Sandwich Bar In Birmingham Shopping Centre For Sale

Business description

Modern premises located close to bus station in indoor shopping centre, SW of Birmingham. Classic menu of hot and cold snacks and refreshments. Weekly takings in region of £2,700 generating profit for owner of approx. £40,000 per yr. Rent £14,500 pa incl. service charge. Option to purchase as stand alone outlet or become part of fast growing franchise chain.

Property information

Property:

Leasehold

Location:

LOCATION:
The premises occupy a corner position within a busy indoor shopping centre, located to the south west of Birmingham city centre.

BUSINESS:
The business offers a range of hot and cold foods and beverages in modern, comfortable surroundings at good prices. The menu includes a variety of baguettes, toasted sandwiches, jacket potatoes and cake, in addition to a wide selection of hot and cold drinks. The sandwich bar has been occupying this site for the last two and half years and is now a popular venue for shoppers and business people throughout the day. There are currently four Simply Eat outlets throughout the West Midlands with an expansion plan in place and a franchise option available should the purchaser wish to become part of this fast growing chain. Details of becoming a franchisee can be obtained from contacting our office on ----- ------. Alternatively, the business can be purchased as a stand alone operation in which case the trading name would need to be changed.

The sandwich bar has weekly takings in the region of £2,700 at a gross profit of 64%. This generates an income to the owner in the region of £40,000 per year.

BUSINESS PREMISES:
Occupying a corner position, the premises have full open frontage, secured by electric security shutters and full glazing to one side. The premises are extremely well presented throughout and equipped to a high standard. There is seating located in the centre of the sandwich bar with serving counter to the rear, breakfast bar seating to the right and chiller display cabinets located along the left hand side of the premises. To the rear of the shop there is a small, separate preparation area.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TENURE:
This is a leasehold opportunity and there is a 10 year lease in place which commenced 23rd June 2007. The current rent payable is £11,500 per year with an additional, annual service charge of £3,000. There is a rent review due in June 2012.
Please be aware that the landlord will require references to support an application from a new tenant.

RATES:
From information supplied by the owner we understand that the current rates payable are £5,500 per year.
NOTE:
It is recommended that potential buyers make their own enquiries through the local authority to check the rateable value and whether the rates payable will be the figure quoted above.

HOURS:
Monday to Saturday: 7.30am to 5.30pm
Sunday: 10am to 4pm

STAFF:
There are currently 4 members of staff employed including a manager. This opportunity would ideally suit an owner operator in which case the hours employed could be reduced.

STOCK:
The vendor informs us that the value of the stock is approximately £2,500

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.