For Sale

Cafe With Excellent Reputation & Great Trading Position

Westminster, City of Westminster

£199,995 +SAV

Ref: B04846

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe welcomes to the market Pickles Sandwich Bar. Pickles Sandwich Bar has been owned and managed by the current owner since 2005 and due to the commitment and service our clients provide, they have gained a very loyal customer base which includes residents and office workers, they also benefit from a large amount of tourist trade due to its excellent location.Pickles Sandwich Bar provide the option of a take-away or an eat-in service and offer a varied menu including:• English breakfast• Sandwiches• Baguettes• Selection of freshly made bread• Hot and cold beverages such as; tea, coffee and soda.The current owner is now looking to sell this established business to retire.Scope to Improve:• Provide catering for events such as conferences for the local businesses• Deliver a selection of sandwiches to local businesses• Open Sundays and evenings• New advertising and marketing campaign• Launch e-commerce website• Maximise the use of social mediaHilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised that Pickles Sandwich Bar is being offered a Leasehold business with 2 years remaining from the original 15 years Lease.The advised rent is £25,500 per annum which is very reasonable given the excellent location.We are advised that the current rates are £10,000 per annum.

Hours

Monday - Friday: 6.00 am – 4.00 pmSaturday: 8.00 am – 3.00 pmSunday: Closed

Staff

The business is run and managed by the owner along with 4 other members of staff

Financial Profile

Pickles Sandwich Bar generated an advised Turnover - £336,053 Gross profit - £90,677Net profit - £70,370Assets are worth an advised £20,000SAV is an advised £3,000

Location

Pickles Sandwich Bar is located along Old Queens Street in the affluent area of Westminster.Westminster is an area of central London within the City of Westminster, part of the West End, on the North bank of the River Thames.Westminster's concentration of visitor attractions and historic landmarks, one of the highest in London, includes the Palace of Westminster, Buckingham Palace, Westminster Abbey and Westminster Cathedral.Pickles Sandwich Bar is located 1 mile from Charing Cross and 1.2 miles from London Victoria.

Premises

The café boasts a boutique homely feel. As you enter the premises you are greeted with the seating area, and display of the menus on the walls, to the rear of the shop is the chiller display unit.The counter displays the fillings for the sandwiches and baguettes behind the counter is the preparation area and coffee machine, this leads to a door which takes you to the small kitchen area. Equipment included in the sale of the business:• Chilled display counter• Coffee machine• Fridge• Toaster• Till system• Freezer• Microwave• Tables• Chairs

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