Retail Business For Sale

Business description

The business was established by our Client almost 20 years ago. Serving all day Breakfasts, Lunches, Fast Foods as well as the typically English Jacket Potatoes & Fish & Chips. The property is situated on a busy parade in an equally busy shopping centre, surrounded by heavily populated residential developments with 1,000's of 'Chimney Pots'. The shopping centre is home to a number of major brand names including Morrison?s and Iceland, as well as a number of independent retailers. The shopping centre provides 1 hours free parking which lies directly in front of the premises. Seating for 35 customers internally plus another 8 alfresco. The lease includes 4 garages to the rear, 2 of which are let out providing additional rental income.

Turnover:
The accounts for 2010 show sales of £251,758 with a gross profit of some 61%. We are informed that the current takings average £6,000 per week.

Rent:
£18,995 per annum.

Rates:
The 2010 Valuation was £16,250. Applying the 2011/2012 rate in the pound gives rates payable of £7,036 per annum.

Equipment:
A full complement of Equipment to include: Chest fridge, 2 x Double drinks fridges, 5 x Chillier display fridges with cold storage, Bread slicer, 4 Slice toaster, Pannini grill, Fridge, 2 x 2 Group coffee machines, Double coffee pot, Freezer, Fridge freezer, Chest freezer, Dry storage racking, Fridge, Cold milk machine, 6 Slice toaster, 6 x Microwaves, 2 Pot Bain Marie, 2 x Griddles, 2 x Chip fryers.

Stock:
Stock to be purchased separately at completion.

Legal Fees:
The vendor and the purchaser are to be responsible for their own legal costs.

Property information

Property:

Leasehold

Location:

Property:
Mostly glazed frontage into the main area approx 770 sq.ft. Seating for 35 internally with another 8 seats alfresco. Integral Bakery area with adjoining Sandwich takeaway section. Open plan seating area, all of which is tastefully decorated. Open plan kitchen with serving hatch. Customer and staff WC's and rear storage with rear access.

Business Operation

Trading hours:

Monday to Saturday from 6am - 5pm.

Employees:

Staff: The business is run by our Clients wife and 2 daughters plus 2 full timers and ad-hoc part time staff.