Leasehold Sandwich Bar In Plumstead For Sale

Business description

WITH POTENTIAL TO EXTEND AND CREATE 48 COVER CAFÉ AREA (PLANNING APPROVED) – 2 BED S.C FLAT LET PRODUCING £750 PCM

UNOPPOSED LOCATION – BUSY AREA – HUGE POTENTIAL

The business has been in the present hands for some 12 years and is now only being marketed as a result of the vendors other business interests. Tremendous potential exists to extend the rear of the premises which could be done quite easily and inexpensively, which would allow 48 seats to be accommodated. The business is easily capable of taking over £5,000 PWK if this were implemented.

TURNOVER - £3,000 pwk @ 60% GP.

Property information

Property:

Leasehold

Lease terms:

5 years remaining on original lease. New 15 year lease available.

RENT - £13,500 PA (5 year reviews - next review 2016)

Leasehold rent:

£13,500 per annum

Living accommodation:

Comprising a self Contained 2 Bedroom Flat currently sublet producing £750 PCM.

Location:

Occupying a prime position forming part of a comprehensive parade fronting a major road serving a well populated residential and commercial area. The business is unopposed and there are several schools nearby which provide an excellent level of trade.

Premises details:

– Mid parade premises with double frontage and single entrance to: Café Area: 2 Refrigerated serve over counters, elect cash register, heated display cabinet, prep surfaces, Commercial Bake off oven, boiler, microwave oven, griddle, toaster.

OUTSIDE: Yard: Sep. W.C.

NOTE: Planning consent has been granted for a single storey rear extension which would provide a seating are with some 48 covers. We understand the cost would be in the region of £20,000 and the Landlord would in turn grant a 6 month rent free period.

Business Operation

Trading hours:

7.00am – 3.30pm Mon - Sat
Closed Sat and Sun

Employees:

2 full and 2 part timers. WAGES: £500 PWK