Sandwich Bar in Luton For Sale

Situated in a parade, sought after residential area on the HERTFORDSHIRE/BEDFORDSHIRE BORDERS. LUTON

Turnover £ 2,000
Price £35,000

Features

Old Established Sandwich Bar

5 STAR HYGIENE RATING ~ 5 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 500 ft² with tiled floor, suspended ceiling with spot and fluorescent lighting, cool display counter with refrigerated storage section, cash register, Francino 2 group coffee machine. Breakfast bar seating for 4 People, Coca-Cola fridge.

Open plan Kitchen, stainless steel preparation tables, large fridge, additional fridge, etc.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

5 Day week
MONDAY - FRIDAY 6am - 2pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £9,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote