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Advert Ref: C949

Leasehold Bakery And Sandwich Bar In Faversham For Sale

  • Faversham, Kent
Asking price:
£65,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed


PRIME LOCATION
STAFF RUN
HUGE POTENTIAL

LOCATION
These charming premises occupy a coveted trading location fronting a busy street in the centre of Faversham being amongst all the major stores, banks and offices. The business is unopposed.

BUSINESS
Well established, having been in the present hands for some 4 years and now only being marketed as a result of the Vendor moving abroad. The business is totally staff run offering tremendous potential for an active owner to develop. Longer opening hours would significantly increase turnover.

TURNOVER
Accounts for year ending Dec 2017 show net sales of £153,000 P.A @ 58% G.P.

STAFF
Totally Staff Run WAGES: £44,000 P.A.

HOURS
7.00am to 3.30pm Mon to Sat (Sun Closed)

PREMISES
Single fronted premises with single entrance to: Shop Area: tasteful décor, air con unit, 2 Refrigerated serve over counters, heated counter, elect till, coffee machine. PREP AREA: 2 Bake off ovens, microwave oven, 2 freezers, 3 fridges, st/stl sink. Store room: 3 upright chillers. Staff W.C:
TENURE
3 years remaining on original renewable lease. RENT: £9,360 P.A. (5 year reviews)

EPC RATING
Band E

BUSINESS RATES
Nil currently payable

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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