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Business for sale in United Kingdom - 8862 b birmingham leasehold: £49,950 sandwich bar

Asking Price: 49,950 £ Real Estate: Lease
Business for sale – 8862 b birmingham leasehold: £49,950 sandwich bar
Sales Revenue: 67,702 £
Net Profit: 0 £
Year Established: 2003
Employees: 1FT, 1PT
# of family members employed: 1FT
Location criteria:
United Kingdom/City and Borough of Birmingham/Birmingham

Business types:

Accommodation & Food services

Business categories:

Sub & Sandwich Shops

Business description

Advent Business Sales have been instructed to offer for sale this popular and well established sandwich bar/café. Established over 10 years ago and in the careful hands of the current vendor for the past 5 years, it has now reluctantly been offered for sale due to other commitments. Our client provides a good selection of hot and cold foods which are prepared fresh on site, including: • Sandwiches and baguettes • All day breakfast • Baked potatoes • Pasties and pastries • Hot and cold drinks • Confectionery and crisps There are 2 tables and 2 breakfast bars for customers, as well as table and chairs outside. In addition to the vendor, there is 1 full and 1 part time employee. REF:88862b TRADING HOURS Mon – Fri: 8.00am – 2.15pm Sat: 9am – 1pm EXPANSION POTENTIAL The business offers tremendous scope in many areas including: 1. Extending the opening and closing hours 2. Huge demand for buffets and sandwich rounds to local businesses as well a the nearby hospital 3. A husband and wide or 2 people wishing to take on the business would reap clearer profit margins with higher turnover realised. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £67,702 Gross Profit: 58% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES Ground floor premises with the benefit of an excellent location, alarmed and double glazed for security purposes and consisting of the following: Ground Floor • Entrance leading to seating and waiting area • Serve over deli counter • Hot plate • Drinks fridge • Preparation and cooking area to the rear, includes: • 3 x fridges, 1 x chest freezer, under counter freezer, griddle, grill, 4 pot bain marie, 2 x microwave ovens, toaster, toasting/panini machine, sink and hand wash basin • separate dry goods storage area • w/c • boiler room External • Paved to front with tables and chairs • Rear yard for bin storage and single parking space TENURE: Leasehold Original lease: 6 years Remaining lease: 3 years Review every: 3 years Rent: £5,250 per annum We are advised that the annual business rates are currently: £1286 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: offered for sale due to other commitments
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold Original lease: 6 years Remaining lease: 3 years Review every: 3 years Rent: £5,250 per annum We are advised that the annual business rates are currently: £1286
Location: The business occupies an excellent position on a busy crossroads in Sellyoak, just yards from the busy A38 Bristol Road. There are extremely high volumes of footfall and passing trade is enjoyed by all businesses in the vicinity. The nearby hospital also provides healthy trade. There are a number of pay and display car parks around the premises with a private single space for the vendor to the rear of the premises.

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