Superb 5 Day Week Sandwich Bar In London Victoria For Sale

Business description

LOCATION: In a highly sought after Central London area, surrounded by numerous large offices, landmark tourist attractions, well known hotels and excellent shopping facilities nearby; all which provide good regular custom

DESCRIPTION: The premises are arranged on ground floor and basement levels and have approximately 10’-0” wide frontage with full height plate glass windows set in marble surround. Internally the recently refurbished 430 sq ft ground floor comprises a most attractively fitted front take-away sandwich bar having lovely marble tiled floor, panelled walls and a lowered ceiling with recessed lighting. At the rear is a prep room washroom and toilet and a bannistered stairway descends to an excellent 650 sq ft basement which provides good general storage facilities and incorporates an office area.

EQUIPMENT: The sandwich bar has an extensive range of new trade equipment and a full inventory will be available for a purchaser. It has ceramic flooring and spotlights. The main new equipment includes; walk-in cold store, 2 panini presses, industrial oven, toasters, dairy fridge, bread oven, chip fryer, chest freezer, tall freezer, double steel sink, cooler display, 2 washing machines, drinks fridge, new boiler, 3 microwaves, steel basin, griddle, cappuccino machine, full functional CCTV, digital cash register, etc

BUSINESS: This is a long and well established sandwich business operating from the same location since 1987 and taking £4,000 per week from in-store sales, with an additional £1,000 per month for external catering to nearby offices. The business has huge potential and takings can easily be increased through additional opening hours, weekend opening, expanding and developing the already established telephone/fax/on-line ordering/delivery and outside catering. There is seating for 14 upstairs (room for 25). There is also potential to use basement area as customer seating, private functions and private off-site meeting facility. Basement also has an office. The owner is supported by 2 FT and 1 PT staff.

Buyer to complete end 2011.

HOURS: Mon – Fri 6.00 am to 4.00 pm.

TENURE: The premises is held on a lease which commenced in September 2004 for a term of 15 years and the current rent is £21,000 per annum with reviews every 5 years.

RATES: Business rates payable are approx £5,000 per annum.

Property information

Property:

Leasehold

Lease terms:

TENURE: The premises is held on a lease which commenced in September 2004 for a term of 15 years and the current rent is £21,000 per annum with reviews every 5 years.

Leasehold rent:

£21,000 per annum

Business Operation

Expansion potential:

This is a long and well established sandwich business operating from the same location since 1987 and taking £4,000 per week from in-store sales, with an additional £1,000 per month for external catering to nearby offices. The business has huge potential and takings can easily be increased through additional opening hours, weekend opening, expanding and developing the already established telephone/fax/on-line ordering/delivery and outside catering. There is seating for 14 upstairs (room for 25). There is also potential to use basement area as customer seating, private functions and private off-site meeting facility

Trading hours:

HOURS: Mon – Fri 6.00 am to 4.00 pm.

Employees:

The owner is supported by 2 FT and 1 PT staff.

Years established:

1987

Other information

Support & training:

Full handover support and training included in asking price.

Related documents:

• 
• Compulsory Registration Form to Return Please