Leasehold Sandwich Bar & Coffee House in Prime Leamington Spa Location
Royal Leamington Spa, Warwickshire
- Status
FOR SALE
- Date Submitted:
11/01/23
- Advert ID
506226
- Reference
2819 / Rightbiz
- Call Agent:
- Leasehold: £49,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold Independent Sandwich Bar & Coffee House Located In Leamington Spa
Leasehold Independent Sandwich Bar & Coffee House Located In Leamington SpaLow Overheads
Ref 2819
Location
This delightful Sandwich Bar & Coffee House is located in Royal Leamington Spa. Situated within a prominent and highly visible trading position on the high street. The immediate area offers other retail businesses along with industry and an abundance of residential properties, all of which bring high levels of footfall to the area. The town boasts 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.
Asking Price: £49,950 plus SAV(£300)
Business Description
Veritas Business Sales are delighted to offer for sale this respected Sandwich Bar & Coffee House which is located in the highly desirable and affluent town of Royal Leamington Spa. The business was established by our client 2 years ago and is reluctantly being offered for sale due to their desire to relocate overseas.
Since ownership they have refurbished, redecorated and 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 Sandwich House is owner operated with the help of 1 part time member of staff and has an annual average weekly turnover of £3,000. Most of the trade is walk in with just £400-£500 per week deriving from the online delivery portals Just Eat, Uber Eats and Deliveroo. They serve a fine range of freshly cut sandwiches & baguettes, wraps, burgers, toasties, salad boxes, jacket potatoes, confectionery, cold drinks, teas and specialist coffees.
We believe that there is further potential to increase trade should you wish by extending the current opening times, offering outside catering to local offices and businesses and by turning the online delivery portals on more often. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a readymade business with further potential which is a great base to build upon and as such early viewing is highly recommended.
Opening Hours
Monday – Friday – 9:00am – 5:00pm
Saturday & Sunday – closed
Leasehold
Term: New lease available
Rent: £6,600 pa
Business rates: zero
Ground Floor
Retail area comprising: breakfast bar style seating area for (3), wall mounted metal crisp display rack, upright drinks fridge, serve over sales counter with EPOS till system, saladette (Polar, 3 door undercounter fridges (Combi steel), 2 plastic bread cabinets, griddle (Empire), panini press (Chef-hub), extraction hob (Ciarra), 2 wall mounted metal shelves, 11 x ceiling mounted menu boards, 2 wall mounted menu blackboards, bean to cup coffee machine (Delonghi), 2 x microwaves (Comfec), 4 slice toaster, panini press (Salter), portable prep table, wall mounted insect zapper (Xterminate) and a portable heater/air-con machine.
Pot wash area with upright fridge (Bush), chest freezer (Bush), stainless steel double sink drainer with directional hose, stainless steel wash basin, stainless steel table, 5 x wall mounted draining racks, microwave and boiler for the hot water (Sanitcam).
Preparation room with worktop, storage shelves, wall mounted storage shelves, sink drainer, wall mounted paper towel dispenser, kettle and water heater (Triton).
W/C with wash basin and water heater (Triton).
Basement
One storeroom below ground level.
External
Rear yard/garden.
EPC rating E
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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