Business for Sale in Lichfield, Staffordshire - HIGH CLASS SANDWICH BAR, BUFFETS, CATERING IN LICHFIELD CITY CENTRE - Leasehold: £150,000

Key Information

Ref
C33486K
Type
Catering Businesses: Sandwich Shops
Location
England: Staffordshire
Tenure
Leasehold
Status
For Sale
Annual Sales
£408,430 Ex Vat
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Prime City Centre Trading Location

Superbly Presented and Equipped Shop

Supplying Many Regular Clients

Shop Sales, Van Sales and Corporate Menu

Sales Over £400,000 per annum

Very High Gross Profits

Leasehold Price £150,000

A SUPERBLY PRESENTED AND LONG ESTABLISHED BUSINESS WITH AN ENVIABLE LOCAL REPUTATION BASED IN THE HEART OF THE HISTORIC CITY OF LICHFIELD

Description and Trade:

This superb Business was established in 1995 by the present owner and relocated from smaller premises in 2012. It is situated in a very busy pedestrianised shopping area close to numerous multiple and independent traders and the market square.

This business has built a fine reputation for offering freshly prepared sandwiches, baguettes, wraps, hot & cold drinks, salad boxes, homemade soup and other related foods, mainly for taking away.

In addition, the business provides a sandwich delivery service on a regular basis to many local businesses and offices in the area. Another lucrative income stream comes from Corporate Catering, with menus freshly prepared to order on the day of delivery, professionally presented and garnished on platters with a refrigerated delivery to the customer’s place of work.

A growing online ordering system is in operation where customers can just ‘click and collect’ or take advantage of the delivery service in the purpose built refrigerated van.

Premises:

The Shop is superbly fitted and equipped, and has all equipment for the trade.

Spacious Preparation Area.

Rear Office Area and w.c.

To the front is an attractive covered Decking Area with tables and seating when weather permits.

There is a comprehensive inventory of equipment included in the sale: cool display cabinets and fridges, chilled drinks cabinet, coffee machine, bain maries, toaster, stainless steel table, ample high quality fridge & freezer equipment, 6-burner gas oven, baguette oven, deep fryer, washer, stainless steel double sink, prepacking machine and other ancillary equipment for the trade. A full inventory of equipment will be provided when a sale has been confirmed.

Comments:

This is a rare opportunity to acquire a successfully operated business with High Sales and Profits.

This is a locally well-known business with numerous regular clients, and enjoys a prime trading location in Lichfield city centre.

The sandwich delivery van visits Lichfield, Fradley and Burton upon Trent on a regular basis. This side of the business could be expanded to cover a wider geographical area.

Viewing is Highly Recommended.

Our Client Informs Us That:

Takings and Profitability:

Trading accounts for the year ended March 2016 show net sales £408,430 and High Gross Profits of £249,982 (61.2%), with a consistent recent trading history.

The trade split is approximately 56% shop takeaway trade, 25% catering sales and 19% van sales.

Trading Hours:

The Shop opens from 8.00am until 3.00pm Monday to Saturday, and is closed on Sundays.

Staff:

The Business is operated by the owner with the help of five full-time assistants and three part-time assistants.

Tenure:

The premises are held on a 10-year lease from 2012. Present rent is £25,000 per annum with 5-yearly review dates.

Price:

£150,000 plus stock at valuation for the Lease, Business, Delivery Van, Fixtures, Fittings and Equipment.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56