Business Summary:
Well Established Sandwich Bar Located Next to Busy London Train Station
Ref.AF119
Location Wandsworth
Asking Price £165,000
The current owner has been operating the business for the past two and a half years, having taken over this successful operation from the previous owners, who Established the business in 2004. The vendor has invested money in some high quality fixtures and fittings, and key branded signage, which make this operation stand out as one of the best in the locality. Based on a busy high street, next to a mainline commuter station, this business enjoys little direct competition, with a high level of footfall through-out the day.
The business is also able to supply local businesses with a competitive delivery service, offering the best of ingredients and quality of products at an exceptional rate. Alongside the staple business of made to order sandwiches and, the operation has the facility to offer cooked food to order such as all day breakfast. Currently only trading during the daytime, there is a fantastic opportunity for a new owner to support evening service from the premises, with the on-site facilities capable of supporting a varied diner restaurant menu.
With turnover of approximately £240,000, high margins, and a fantastic opportunity to grow the business in a number of directions, this is an excellent opportunity to acquire a well-established and highly regarded business.
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| Year
Business was Established: 2004 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
The premises are leasehold, with 19 years remaining on a 20 year lease. The business can currently seat 8 customers internal, and 10 external, with room to expand. The unit occupies approx 500 sq ft in total, including kitchen, storage, service area and seating. In addition, there are two large storage buildings outside, and a small concreted area, which can be utilised.
The rent is currently circa £18,000, which will increase to a maximum of circa £20,000 for the remainder of the lease. The rates are approx £3,500 per annum. |
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| Potential
Growth/Expansion:
There is an outstanding opportunity to build on the existing business levels and customer base of this business. There is plenty of room for expansion within the building, and the outside area covered by the lease. With the room and facilities available to offer an extended menu, or even a different menu. There is real potential to increase turnover dramatically by opening the business for an evening service. |
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| Competition:
The business has invested in quality branding and signage, and has advertised regularly in the quarterly borough council magazine. |
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| Owner
willing to train:
Full support and training will be provided to the successful purchaser. |
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| Reason for selling:
After many successful years in the trade. The vendor is looking to semi-retire and enjoy a different work life balance with his family. |
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Seller Reference Number: AF119
BusinessMart.com Listing Number: 72493 |
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on this business
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