Sandwich Bar and Takeaway In Leamington Spa

Sandwich Bar In Leamington Spa For Sale
3 Bedroom Owners Accommodation Above
High Profits
Ref 2057

Location
This outstanding concern is located within a prominent location close to the main bus stops in the heart of Leamington Spa town centre with wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Business information
Asking Price: £99,950 plus SAV
Turnover: £2,000 per week
GP: 54%
Stock: £2,000

Leasehold
Lease term: 20 years
Remaining: 17 years remaining
Reviewed: 4 yearly
Rent: £9,600 pa
Rates: zero

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Sandwich Bar business which is located in Royal Leamington Spa. The business has been established for over 15 years and has been in the careful hands of my client for the past 5 years and is reluctantly being offered for so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires no staff and has an average weekly turnover of £2,000. They serve a fine selection of hot breakfast sandwiches, paninis, baguettes, cold sandwiches, jacket potatoes, pies & pasties, salad boxes, hot & cold beverages, crisps, confectionary and cakes. We believe that there is further potential to increase turnover by opening evenings to serve fast foods and the current prices are relatively low and in need of an increase. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting shoppers. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday – Saturday – 8.00am – 3.00pm

Ground Floor
Sandwich Bar comprising: breakfast bar style seating area for (4), serve over sales counter, serve over chiller, drinks fridge, toaster, microwave, upright fridge, upright freezer, central work surface station, hand wash basin, double sink, stainless steel work top, extractor unit, 2 ring gas hob and double panini press (Velox).
W/C with hand wash basin and storage area

First floor
Kitchen/sitting room
Double bedroom with walk in wardrobe

Second floor
Double bedroom
Double bedroom
Bathroom with bath, W/C and wash basin

External
Seating for (2)

The flat benefits from gas central heating and has previously been rented out. Each bedroom can generate £450 PCM = £16,200 pa