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Asking Price
£90,000
Description
Well equipped Hot Pastry Shop plus Coffee Shop
Outstanding opportunity to acquire a superbly fitted Catering Premises selling hot pastry products, including pasties, soup, jacket potatoes and shortly to be introduced baguette and sandwiches. Spacious double fronted ground floor, frontage 13ft 8 x depth of 42ft 10 providing a ground floor area of 544 sq. ft. Industrial wood effect vinyl non-slip floor. 2 breakfast bars with 8 stools, 2 hot display serveover counters, electronic cash register, 2 upright glass fronted drinks fridges, 2 group coffee machine, 2 top of the range fan assisted ovens, 2 ambiance cabinets etc. Stairs to first floor approx. 547 sq. ft. superbly fitted including tables and chairs for 40 persons, wall and ceiling lighting, cool display serveover counter, 2 group coffee machine, electronic cash register, etc. Second Floor approx. 504 sq. ft. - Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin Wash-up area with dishwasher, 3 sink units, drainer, 2 stainless steel tables Basement 356 sq. ft. with walk-in deep freeze
Turnover:We Are Informed the turnover averages £4,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand from the present owner that the current gross profit is now in the region of 58%. We are further advised that sales for the 11 month period ending 31st October, 2005 showed £214,968 with a gross profit of £117,569 i.e. 48%. Please note that the present owner is operating the business under a Franchise Agreement, the cost of which is 5% of net sales to the company. We further understand that this agreement does not necessarily have to continue.
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