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Traditional Sandwich Bar & Cafe

Cambridge, Cambridgeshire
Leasehold Price:
£49,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237765
Reference
B05003 / Rightbiz
01204556300

Details

Business
Hilton Smythe welcomes to the market Amanda’s Sandwich Bar, which is a sandwich bar and café established by our client in 2002. Our client is now looking to move into a different line of work.

Amanda’s is a traditional sandwich bar and café which also has strong outside catering contracts for the local school, making and supplying 45 hot dinners each school day.

Amanda’s is also a licensed premises and has become known for their home-made cakes, English breakfast and friendly personal service.

The kitchen has a 5* hygiene rating and customers regularly return for hot drinks, cold drinks, toasted paninis, jacket potatoes, fresh salads, English breakfast, freshly filled baguettes, sandwiches and rolls. Many local businesses use Amanda’s for lunch by phoning in orders for collection.

Amanda’s has strong 5* reviews on Facebook and 4* on TripAdvisor and the business is being sold with the website www.cambridgebuffetcompany.co.uk. Many outside catering contracts come from the website, these include, children’s parties, wedding buffets, corporate buffets, event catering and funeral catering.

Amanda’s is a profitable business and there is scope for further turnover by utilising the premises licence by opening into the evenings. The lease permits opening until 10.00 pm.

There are many reasons to buy Amanda’s including:

• Strong outside catering contracts
• Successful business
• Many local customers
• Low outgoings

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Amanda’s Sandwich Bar is located in Fulbourn, just outside of Cambridge, Cambridgeshire. Fulbourn is a thriving village and Amanda’s is located on the main high street opposite Co-op, which brings a high footfall to the area.

There is free parking directly outside the premises.

Premises
Outside is an area with a canopy over for 2 x bistro table giving a total seating of 4.

Café area

• 6 Tables giving seating for 18
• Wall mounted menu boards
• Double drinks fridge
• Cake stands
• Shelving
• Display fridge for sandwich preparation

Servery area has coffee machine(leased), air conditioning unit, sandwich preparation area, till and door to the kitchen.

Kitchen

• 5* Hygiene rated
• Stainless steel preparation table
• 3 Fridges
• Freezer
• Sinks
• Gridle
• Dishwasher
• Panini machine
• Buffalo oven
• Extractor fan
• Shelving
• Door to rear and door to staff toilet.

There is an outside toilet for customer use.

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a 10-year lease that expires in June 2020, however, we have been informed by our client that the landlord will be issuing a new lease with a minimum term of 3 years.

There is an annual rent of £6,600, which is paid quarterly.

We understand that our client does not pay business rate.

Hours
The business opening hours:

Monday - Friday: 8:30 am – 3.00 pm in the summer months
Saturday: 9.30 am – 1.00 pm
Sunday: Closed

The lease permits opening until 10.00 pm, as there is a premises licence the new owner should look at extending the opening hours by creating event evenings.

Staff
The business is run and managed by our client, with the help of 2 x part time members of staff.

Financial Profile
Amanda’s generated an advised turnover of circa £119,522 as of the 2018 accounts, with a gross profit of £82,423, a net profit of £26,141 and an adjusted net profit of £33,585

The business is being sold with assets to the value of circa £18,000

Seller Details
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Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Sandwich Shops
Financials
Annual Turnover: £119,522
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