Iconic Sandwich Shop in Andover
Andover, Hampshire
- Status
UNDER OFFER
- Advert ID
651905
- Reference
GAT2172 / Rightbiz
- Call Agent:
- Leasehold: £47,250 (Stock at valuation)
- Turnover: £149,000 (£2,865 per week)
- Profit: On request
Business Details
Iconic Sandwich Shop in Andover
Gator Business Sales is delighted to be able to offer for sale Xpresso Sandwich & Coffee Bar, a high volume sandwich shop that has been profitably trading in the same Andover location for in excess of 21 years.
Operating predominantly as a takeaway, although there is seating both inside and out for onsite dining.
Varied, but easily produced, menu of sandwiches and baguettes, panini, jacket potatoes, chilli, salad bowls, cake slices, muffins, brownies, etc. Complementing the food is a full range of espresso based coffee drinks, together with teas, hot chocolate, milkshakes and soft drinks.
In addition to the retail sales, Xpresso Bar also provides catering to local businesses. This service is always in high demand.
The premises are compact and easily managed. Of particular note, and a real benefit for a business of this type, is the availability of free parking directly outside.
By choice of the owner, Xpresso Bar currently operates convivial hours of 8.00am-2.30pm: Monday-Friday – closed weekends.
5 star FSA hygiene rating.
Very loyal clientele and fantastic social media reviews.
We understand that this is only the third time that Xpresso Sandwich & Coffee Bar has been offered for sale in over two decades of trading. It provides a great opportunity to purchase an established, well-equipped, and profitable business which enjoys a stellar reputation for both quality and service.
Please note: The vendor has requested that no direct approach should be made to them or their staff, and all requests for information need to be made via Gator Business Sales.
Employees: The owner is assisted by two self-employed individuals who each usually work 24 hours per week.
Location: Ideally located off a busy main road adjacent to complementary businesses and with free parking directly outside.
Premises Details: Well-maintained and presented single storey premises totalling approx. 29.7 sq m/320 sq ft.
Lease Terms: The current 10 year lease has a passing rent of £9,000 per annum plus VAT, payable quarterly in advance.
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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.
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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.
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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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