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Popular Sandwich Bar Ashton Under Lyne

Ashton under Lyne, Manchester
Leasehold Price:
£19,995
Status
FOR SALE
Advert ID
259255
Reference
7193 / Rightbiz
    Well established

    Turnover £76,238 Y/E April 2020

    Turnover increase by 21%

    Strong Network of Business Accounts

    Popular Social Media Following

    Low Rent with New Lease Available

    5 Star Hygiene

    Glowing Online Reviews

    Solid Trading Figures

    Good Quality Equipment

    Genuine Reason For Sale

    EPC - C

Description:
Blacks Business Brokers are pleased to bring to the market this leasehold sandwich bar located on Oldham Road, Ashton-Under-Lyne.

INTRODUCTION
The Sandwich Shop has been trading on Oldham Road since 2017. Previously a sandwich bar business had been operating from this location for the past 25 years. Since our client acquired the business in 2017 a refurbishment programme has been competed and professional catering equipment has been installed and a rebranding. Since 2017 the business has generated a huge amount of additional goodwill and has built upon its existing enviable reputation within the local area.

LOCATION
Situated on Oldham Road the business benefits from a heavy footfall in this busy location.

REASON FOR SALE
This opportunity has become available due to a career opportunity that has presented itself to our client. Therefore the business has been placed on the open market at this appealing price point.

LEASE
The building is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The lease will be a new lease a length that can be negotiated by the new buyer. The current rent is £145 per week which represents excellent value for such a prime location property.

STAFF
The owner is supported by a single part time member of staff on a 12 hour per week basis.

FINANCIAL DETAILS
Currently the business is trading strongly and can show turnover growth on the Y/E April 2020 accounts of over 20% from last year. As shown on the latest set of accounts Y/E April 2020 there is a turnover of £76,238 with a healthy gross profit of £40,774.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief.

SUMMARY
This is an exceptionally efficient run business that has been trading consistently since 2017 with a trading heritage spanning 25 years. The business offers a solid trading platform for a new owner and this makes this proposition a secure one as it shows steady growth over the years. Our client has had no need to expand the business has it fits into a lifestyle however there is an opportunity to build upon the outside catering aspect of the operation which is largely untapped at this stage. The business does not actively advertise as there is no requirement to do as all marketing is done through social media. Facebook and Instagram accounts along with other platforms will of course be transferred to the new buyer upon completion. This very well respected business presents an excellent opportunity for a new owner operator to enjoy and develop. With a genuine reason for sale and a price that offers exceptional return on money invested early viewings are advised as a speedy completion is anticipated and demand for this business will be high.

Accomodation:
BUILDING LAYOUT AND DESIGN
The lease covers the ground floor of the property. It has a smart exterior with striking cream and grey signage. The shop front has a windowed front and is fully alarmed.Once inside, the store is well laid out and has a clean crisp feel. Our client has created a shop fit that maximises all the available space within this large building. There is a customer serving area to the front with a waiting area. The floor is fully tiled and the kitchen is equipped with good quality high value professional catering equipment. To the rear of the shop are staff toilets, a preparation kitchen area and an office.




Weekly Rent:
£145 Per Week. Weekly Rent:
£145 Per Week.
Listing Details
Leasehold Price: £19,995
Tenure: Leasehold
Location: Ashton under Lyne, Manchester
Sector: Sandwich Shops
Financials
Annual Turnover: £76,238
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 7193 / Rightbiz

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