Advert Ref: SB.0.70.EL

Sandwich Bar Woodford Green IG8 For Sale

  • Woodford Green, Essex, United Kingdom

Price Reduced

Asking price:
£60,000
Sales revenue:
£140,000
Net profit:
Undisclosed
Employees:
The business requires one full time and two part time assistants
Relocatable:
This business can be relocated.

Photograph of this business for sale

Established in December 2007 the business is a traditional sandwich shop selling a full range of sandwiches, baguettes, jacket potatoes, pasties, coffee and tea, cakes etc. It has a genuinely envious reputation and is well known in the local area for providing quality sandwiches at affordable prices.

Property:
Leasehold
Lease terms:
The property is held on a twelve year full repairing and renewable lease which commenced in December 2007. We are advised that the current rent is £15,000 P/A We are further advised that there are rent reviews at four yearly intervals, and that there are no break clauses. Business rates payable have just been reduced to £2,100 per annum
Location:
This business trades from a sought after position in the town of Woodford Green, part of the North East London suburb of Woodford, on the edge of Epping Forest within the London Borough of Redbridge

Expansion potential:
The introduction of a delivery service for local businesses would be of obvious benefit to this business. It is also felt that the introduction of an ice cream dispenser would prove enormously popular, given the high proportion of school children in the area. Additional income could also be achieved by opening on Saturday.
Reasons for selling:
The vendor is reluctantly placing the business onto the market due to a family illness.
Trading hours:
0600-16.15 Mon-Fri. Closed Saturday and Sunday.
Fixtures value:
Undisclosed
Stock value:
Undisclosed

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