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Well Presented Sandwich Bar For Sale

Bradford, West Yorkshire

£19,500 +SAV

Ref: 2627

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Description

Hilton Smythe welcomes to the market Tong Street Sandwiches, established for many years, our clients a successful husband and wife team have been running the business for the last 4 years, seeing good year on year growth. The business reports a healthy turnover of around £1,300 per week with a gross profit of 79%. Tong Street Sandwiches is very well supported by local residents and businesses as well as benefiting from a prime trading position for passing trade. The client base is growing and growing with new businesses opening nearby. This busy sandwich bar has a varied menu including an extensive breakfast menu, good choice of sandwich fillings, paninis, boxed salads, toasties, savouries and burgers. In addition, the business boasts a Rijo coffee machine serving high quality coffees and helps to build business. The business has recently been awarded with the top level gold award by Good Food Bradford.This programme is run by Bradford City Council and Trading Standards and is intended to promote quality and healthy eating options. The premise is in excellent condition, extremely well maintained by our client and with attractive décor, a good sized service area and large fully equipped kitchen. The business benefits from a separate door to the side of the property that leads directly into the kitchen. Perfect, for a new owner to operate a secondary business and start a Jiffy truck sandwich delivery service from these premises or if already in existence, it would be ideal given the shop location and excellent access. We believe if a new owner wanted to operate this way, this could bring in a very handsome income. In addition, there is potential for further growth by extending opening hours or tapping into the lucrative outside catering market or offer buffet deliveries in the locality. In addition our client believes the installation of a breakfast bar would be of great benefit to the business and subsequent turnover. The business has no employees, which has a positive impact on the net profit figure. Unlike a number of other similar businesses that are up for sale at present, the turnover is the absolute minimum due to impeccable daily and annual accounting records that are easy to be believe. Early viewing of this turn key business is highly recommended, with the business genuinely coming to the market due to family commitments. This is a great opportunity for someone young looking for a thriving business in a busy area with a high footfall and nearby businesses.

Tenure

Leasehold

We are advised leasehold.From April 2016: the secure lease has rent reviews every two years, with the next review scheduled for April 2018Rent is a peppercorn £6,204 per annum.

Hours

The business opens:- Monday to Friday 7.30am – 2.00pmSaturday 8.00am – 12 noonSunday closed

Staff

The business is run by a husband and wife team with no additional staff.

Financial Profile

The business reports a healthy turnover of around £1,300 per week with a gross profit of 79%.

Location

Tong Street Sandwiches is located just on the outskirts of the City of Bradford, in West Yorkshire. The business is ideally based on an arterial commuter route between Wakefield and Bradford, within a densely populated area of the city from which the business derives much trade. The business is also ideally positioned at the entrance of a large nationally recognised builders merchants ensuring good footfall throughout the day. There is ample free parking to the front and side of the business. Bradford lies at the foothills of the Pennines, around 8.5 miles from the City of Leeds and 16 miles from Wakefield. As you would expect the city is well served by public transport and several A roads, the A647, A650 and A6036 all serve the town. The M606, a spur road from the M62 connects the city to the national motorway network. Leeds Bradford Airport is only around 6 miles away.

Premises

The business has recently had new vibrant signage installed to the external facade. Highly visible to passing trade and greatly enhances the appearance of the property. End of terrace corner premise briefly comprising:- Colourful frontage with good signage, highly visible to passing trade. Sandwich shop with serve over deli counter, excellent condition and with attractive décor. Good sized service areaLarge fully equipped kitchen to rearOutside toilet in rear yardShutters to front Equipment includes:-Serve over deli counterRijo Cofffee MachineMeat slicerTillShelvesA boardMenu boardsGriddleBain MarieCookerPanini press2 x microwavesToaster2 x fridges3 x freezers Storage area in basement. We are advised that there is street parking available to the front and side.

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