OUTSTANDING SANDWICH SHOP / CAFE / CATERING BUSINESS / POP UP VENUES - HIGH TURNOVER - EXCELLENT PROFITS - VIBRANT BERKSHIRE VILLAGE BETWEEN READING & NEWBURY
Situated in the High Street of an attractive Berkshire Village between Reading & Newbury and serving a good mix of surrounding businesses, offices and residential properties.
The business offers a mouth-watering selection of freshly produced sandwich and salad toppings whereby customers can create their own baguettes, wraps, paninis and salads together with breakfasts and other brunch options.
The concern offers an event buffet catering service with particular focus on office buffets as well as offering ‘pop-up’ lunch / sandwich bars in busy office venues near-by.
The Lock Up Ground Floor premises are held on lease, we are advised, for a term of 10 years with 4 years remaining at a current rent of £18,000 per annum and subject to 5 year ‘market value’ reviews.
Quality Fitted Shop (circa 860sq.ft.). Preparation Kitchen / Area at rear (circa 460sq.ft.). Storage Area with built in shelving. Cloakroom.
Outside:- Rear access for deliveries and loading. Two dedicated parking spaces.
We are advised that current Takings are averaging around £9,250 weekly. Books and Accounts will be available for the inspection of bona fide applicants.
The business has been affected by Covid especially with office catering sales, however as most office workers return so too is catering turnover being restored to pre-Covid levels and beyond.
The business is currently run by working owner together with well-trained staff. Having run the business very successfully and profitably for many years, vendor has now reached retirement age and has reluctantly decided it is now time to sell.
To facilitate a smooth transfer and continued success, the owner will offer an agreed period of training if required.
In our opinion this is an exceptionally rare opportunity for a discerning purchaser or working couple with good catering skills to purchase a superb business.
EPC:- C-59 (valid until 26th October 2031)
Viewing highly recommended.
Price required for goodwill, lease, tenants fittings, fixtures, utensils and equipment:- £125,000 STOCK AND VAN EXTRA AT VALUATION
N.B. A 9 year old delivery van in excellent condition is available to buy separately.