Sandwich Shop Delicatessen And Tearoom in Battle East Sussex For Sale

Business description

Our clients acquired the business in 2001 and are now selling in readiness for long term plans to retire to Spain. The sandwich shop provides a really excellent range of fresh sandwiches made from fresh, wholesome bread and rolls. In addition there are quiches, salads, assorted pies and pastries, soup of the day, ploughman’s, scrambled egg etc. The sweet menu includes speciality cakes, Danish pastry, scones, flapjacks and many other choices. There is a full range of coffees, teas and other drinks.

We are advised that there is a very wide customer base for this popular business, which includes many local regular customers, staff from shops and offices, tourists and coach parties. Currently there are no sandwich rounds but potential does exist to introduce this aspect to trade and the business also undertakes a degree of outside catering. There are 6 tables which provide seating for 22 customers.

Draft accounts for the year ended 31 March 2008 show that sales reached £170,879 with a gross profit of £86,704 being achieved. There was a very rewarding net profit of £46,200 for the two proprietors before allowance for items of overhead expenditure which do not form part of the ongoing cost base of the business.

In our opinion the range of items in the delicatessen counter could be expanded, and also items in the deli. counter be utilised for sandwich fillings.

Property information

Property:

Leasehold

Lease terms:

A 5 year lease from 24th August 2004 with a review in 2006 and thereafter at 3 yearly intervals, at a current basic rent of £11,000 per annum until review in 2009.

Location:

The shop is situated in the centre of this highly attractive and affluent East Sussex tourist town. There is a very wide range of shops and businesses in the town from which much trade is derived and also the major English tourist attraction of Battle Abbey and the site of the Battle of Hastings bringing visitors and coach parties to the High Street and town in general.

Other information

Reasons for selling:

Retirement.

Trading hours:

8.00 am to 4.30 pm Monday to Saturday inclusive. Scope for summer Sundays.

Inventory / Stock value:

£2,000