Property Information
Address:
Nottingham, Nottinghamshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH529010
Property Ref/Agent: 13222-busy-sandwich-bar-and-amp-caf-and-eacute-in-arnold-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe are delighted to welcome to the market this well established and popular sandwich bar and caf business, which is ideally located within Arnold, Nottinghamshire.
The business was originally established in 1990 and has been in our client's careful ownership since 2007. Only now is the business being offered to the market due to our client's desire for semi-retirement. The business currently operates 6 days per week and generates a turnover in the region of 130,000 per annum, with a gross profit of approximately 61%.
Our client offers a wide variety of fayre including full English breakfasts, hot and cold sandwiches, toasties, jacket potatoes, Paninis and burgers, to name a few, as well as a selection of hot and cold beverages and outside catering services. Our client also offers some convenience items including tobacco products, confectionery and milk, as well as being a Lottery agent.
The property offers 50 sq. metres of floor space to the ground floor, is very well maintained and fitted out to suit the trade. To the first and second floors is a 3-bedroom flat with lounge, kitchen/diner and family bathroom, which is available if required.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent food offered, or by offering a delivery service within the area.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 2 years - a new lease is available.
Rent: 14,600 per annum.HOURSThe business is open:
Monday - Friday: 7.00am - 4.00pm
Saturday: 8.00am - 1.00pm
Sunday: ClosedSTAFFThe business is owner run and managed.FINANCIAL PROFILEThe business generates a turnover in the region of 130,000 per annum, with a gross profit of approximately 61%.
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