 | City Centre Sandwich Bar For Sale Nottingham, Nottinghamshire, United Kingdom Advert ref: N510 FINANCIAL DETAILS | Asking price: £114,950 Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this business, which is located at the most popular area of Nottingham city centre for evening leisure activities. There is considerable scope to increase sales and profitability by extending the hours of operation to meet the demands of this market sector.
The present owner has been in this business for more than 4 years and has established a good reputation for high quality and value for money.
The business offers both hot and cold made to order sandwiches to takeaway.
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GENERAL INFORMATION | Years established: 4
Employees: The present owner runs the business with the help of three part-time employees.
Trading hours: Monday - Saturday 08.30 am – 3.30 pm
Property: Leasehold
Lease terms
The current lease commenced in June 2002 and runs through until 2018. The annual rent, which is currently being re-negotiated, is at present £9,500. In addition there is an annual service charge of £560.
Location
The business occupies one of the best retail sites in Nottingham, which will be further enhanced by a major redevelopment nearby, which is currently under construction and due for completion in the spring of 2008.
Expansion potential
The site is a prime and improving location. At present the business trades limited hours and does not offer any service in the evenings, which are particularly busy.
The present owner has also received many requests to undertake outside catering and provide a delivery service but to date has not offered this service.
Support & training
The vendor will assist fully during a handover period.
Reasons for selling
The business is only for sale as the current owner is planning to relocate abroad.
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The Business Partnership - Derbyshire, Nottinghamshire, Sth Staffs, NW Leics | | | |
