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Asking Price
£25k
Description
Positioned at the heart of busy industrial & business area. Extremely low overheads annual rent only £4,400. Turnover £67,600pa with gross profits of 60%. Outstanding reputation for products & service. Excellent levels of repeat & regular custom. Huge scope for further development. Early viewings highly reccomended. Well established & hugely popular sandwich bar. Founded many years ago & now in the careful stewardship of the owners, the business is regrettably being brought to the market due to health & family reasons. Since our client took ownership of the business a great deal of care, hard work & endeavour has taken place, to the point where takings have almost doubled. Turnover is now circa. £67,600pa with gross profits at around 60%. This has been achieved by actively marketing the business particularly to the local factories & businesses and offering excellent products and superb service which has ensured high levels of regular & repeat custom. Business lunches as well as sandwiches are catered for & the business proudly boasts Alstom, Paige & Taylor, CSC & British Aerospace as regular customers as well as numerous businesses based on the nearby Gateway & Riversway business villages on Preston Docks. At our clients admission, there is still huge scope for development within this area of the business as new companies are moving into the area all the time & indeed existing companies such as BAE are further expanding their staff with 300 or so new staff re-locating at the present time. All in all this truly is an excellent opportunity to buy an already established, highly successful & profitable business with an excellent reputation & scope for expansion & therefore early viewing is highly recommended. Financial Profile Turnover: £67,600pa, Gross profit: 60%, Stock: £600 (approximately). Tenure, Leasehold Original length: 3 years, Remaining: 18 months, Review: 3 years Rent: £4,420 pa.
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