Advert Ref: SB.05.18.90.CL

Sandwich Bar And Catering Business London Wc1 For Sale

  • Fitzrovia, London
Asking price:
£75,000
Sales revenue:
£152,000
Net profit:
Undisclosed

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Confidential Sale-Viewings strictly by appointment only. County Business Sales have pleasure in bringing to the market this attractive sandwich bar and catering business in the heart of London. It has been in the current owners names since 2004 and has been a sandwich bar for many years prior to this. This snug sandwich bar with curved glass counter offers a beautiful selection of breakfasts and light lunches, freshly made on site. The outside catering part of the business offers a selection of quality breakfasts, sandwiches or platters to satisfy all budgets and occasions; for office meetings, lunches, events, or private functions. The menus can be customised to the exact preference and dietary requirements that are requested.

Property:
Leasehold
Lease terms:
The current ten year lease expires 28th September 2019. We are advised that a new, renewable fifteen year lease for both the sandwich bar and downstairs prep area will be available (subject to status). Rent: £22,000 per annum. Rates are currently £9,000 per annum. The downstairs prep area is held on a lease which operates in tandem with the sandwich bar and has a rent of only £625 per quarter.
Leasehold rent:
£22,000
Premises details:
The business enjoys a prominent position on a secondary parade just off the busy High Street in Fitzrovia, a diverse residential area handy for the West End theatres, dotted with hotels, galleries and old-school pubs. The one mile square University College London is opposite the business providing a regular flow of staff and students and the charming High Street has an eclectic mixture of independent shops and major retailers. The sandwich bar itself boasts an attractive tiled floor and is configured for 12 chairs and 3 bar stools inside and 10 chairs outside. To the rear, and downstairs is a separate commercial kitchen and cold room used for food prep. There is an outside space that could be converted to an outside dining area, an unusual bonus for this part of London.
Planning consent:
A1
Energy Performance Rating:
D

Years established:
15

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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