Sandwich Bar, Sudbury

Location Description

The premises occupy a prime location in the heart of the town, benefiting from strong levels of footfall and excellent visibility. It is ideally positioned to attract both regular local trade and passing custom from visitors to Sudbury.

Tenure

A new lease is available for a term to be agreed, with our clients current rent payable at £14,000 per annum exclusive.

Premises

Terrace retail shop with facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 430 sq ft and is arranged as follows.

Sandwich Bar

With tiled flooring, spotlighting, air conditioned and currently arranged for a comfortable 10 covers. To the left hand side is 3 x large display fridges, beyond those is a cake display unit and product display shelving. At the rear of this area is a chilled display serve over counter behind which is equipped with coffee machine, till system and wash hand basin. An opening from this area leads through to a PREP ROOM equipped with toaster, panini press, blender x 2, various stainless steel prep tables, large fridge, microwave, oven, stainless steel sink, single basket frier , potato oven and induction hob. A door at the rear of this area leads outside to a seating area currently arranged for 9 covers. External WC and a shed STORE.

Flat

There is a self contained 1-bedroom flat above the shop which was not inspected by the agent. We are advised this is currently sublet for £650pcm.

Trading Hours

The business currently operates Monday - Saturday from 9 am to 3:30 pm, closed on Sunday.

Staff

The Vendor works Full time with one part time member of staff working approximately 25 - 30 hours per week.

Turnover

We are advised that current takings average £1,800 per week working to the usual high gross profit margins associated with the trade.

Business Rates

The business is subject to a rateable value of £8,600 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction, with the landlords legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlords legal costs involved in the granting of the new lease to be the responsibility of the purchaser.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.