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Takeaway for sale

West Strand, Preston, Lancashire, PR1

Leasehold £12,000
31 sq. m.

Property Description

Commercial information

  • Business for sale
  • 333 sq ft (31 sq m)

Full description

Tenure: Leasehold

LOCATION
The Lunch Box is located in Preston, Lancashire.

Ideally located just outside the town centre, the business is surrounded by a wealth of complementary businesses. On this retail parade is a hair salon, firework shop, bicycle store, fish and chip shop, electrical appliance store and many more. This area is benefited by a high amount of passing trade from the great road connections. Behind the property is a car park making it easier for people to call in the stores.

The business is located on a busy main cross road. These roads consist of 2 main A roads the A583 and A5072 which run off connecting to the national motorways and Preston town centre. There are many public transport links around the area. Just a short walk from the premise are several bus stops with regular routes daily. The closest train station is Preston which is around 1.6 mile away, this is an easy journey using the great road.

BUSINESS
Hilton Smythe is delighted to introduce to the market The Lunch Box. This sandwich shop is very popular in the area, and receives a lot of custom from passing trade.

Originally established in 1995 the sandwich shop is well known and generates great profits. Our client first took over the shop in 2012 but is now looking to sell the business due to relocation.

The business runs as a sandwich shop and takeaway. The business also offers a delivery service, to business around the area. We are advised the business offers outside catering and have managed to secure several verbal contracts, supplying to local companies and their events.

The business has a website www.outsidecateringpreston.co.uk this promotes the outside catering side of the business and has menus and create your own buffet option. The website is included in the price.

The current advised turnover for the business is around 65,000 per annum, with a gross profit of 80%. This is fantastic with a generous gross profit. We believe the turnover could be increased further by extending the outside catering service. By confirming more contracts with local pubs and hotels etc, there is a more guaranteed source of income. This could be something the new owner looks into.

The Lunch Box has a fantastic menu with a range of choice. They sell breakfasts, paninis, jacket potatos, sandwiches and hot meals such as curry, hot pot and lasagne. They offer great daily specials at low affordable prices.

This is a brilliant opportunity for a buyer looking for a fully fitted business. We highly advise early viewing to avoid disappointment.

PREMISES
The premise is a single fronted property, with great signage which is very attractive to passing trade.

Inside the store there is a seating area for 10 covers. The property is well decorated with a lime green theme. The service area is behind a serve over chiller. Through to the rear of the premise is the kitchen which is well fitted and clean.

To the back of the premise is an outside toilet which is used by staff.

Equipment included in the sale is as follows-
Tables and chairs
Serve over glass chiller
Pie Warmer
Bain Marie
Griddle
Cooker
Commercial toaster
Fridge
Tea urn
Microwave
Counters
Till

All the equipment used for the outside catering service is also included in the price.

The property is fitted with double glazing and is well secured. There is a car park to the rear of the premise with parking for approximately 15 cars.

TENURE
We are advised the business is leasehold

Original lease length 5 years
Current lease length 5 years
Review period 3 years
Rent 400 per month

HOURS
The business opens:-

Monday-Friday: 8am - 2pm
Saturday: 8am - 1pm
Sunday: Closed

STAFF
The business is run and managed by the owner with the help of 2 part time members of staff.

FINANCIAL PROFILE
The business reports a turnover of 65,000 per annum
With a gross profit of 80%


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