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Restaurant/cafe for sale

£37,000

7 Crown Mead, Thatcham RG18

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Property description

Business
Hilton Smythe welcomes to the market Dave’s Sandwich Bar. The business has been established since the 1950’s with our client successfully running the business since inception in 2010.

The sandwich bar and cafe is in a great location seeing a lot of repeat trade and is well supported by local residents and businesses. Dave’s Sandwich Bar reports a healthy turnover in the region of £53,000 with a gross profit at 54%.

The cafe area is light and airy with around 15 covers and serves a good selection of hot and cold sandwiches, breakfasts, jacket potatoes, tempting savouries and sweets. All accompanied by a good choice of hot and cold beverages. The business holds an A3 licence.

We believe the business has potential for further growth by perhaps adding additional items to the menu, increasing opening hours and introducing a delivery round in the locality. The business would also benefit from a modest marketing campaign to further promote awareness.

Early viewing on this turn key business is highly recommended with the business genuinely coming to the market as our client looks towards a well-deserved retirement.

Location
The business is located in the town of Thatcham in historic Berkshire.

Dave’s Sandwich Bar occupies a prime trading location within a busy retail parade, on the main A4 thoroughfare through the town. The business is ideally located close to densely populated residential areas with heavy passing traffic and excellent footfall throughout the day.

Thatcham straddles the River Kennet and is around 3 miles from Newbury, 14 miles from Reading and circa 54 miles west from London. The area is served by its own railway station and has regular bus services running through the town with a bus stop conveniently positioned opposite the retail parade. There is also free parking directly to the front.
Premises
Mid parade premise briefly comprising:

Bright spot lit cafe area with table and chairs for 15 covers, new flooring fitted a year ago.

Chilled serve over counter housing ingredients and freshly made sandwiches and pastries. Behind the counter is a coffee machine, sandwich press, worktop hot plate for frying and a counter top industrial microwave oven as well as a hot counter.

Coca cola drinks fridge

To the rear is the well-equipped kitchen area which has a sink, ample worktops, storage area, industrial oven, chest freezer, deep fat fryer, dishwasher and fridge.

Toilet facilities

Door to the back of the retail precinct where staff can park (no restrictions for staff).

Parking is also available for free in this small precinct.

Equipment includes:

Chilled deli counter

Stainless steel tables and chairs

Microwave

Toaster

Sandwich press

Hot counter unit

Hot plate

Coffee machine

Drinks fridge

3 door stainless steel under counter fridge

Stainless steel Cooker hood

Spare chilled counter

Chester freezer

Industrial oven

Dish washer

2 x upright fridges

Till
tenure
We are advised leasehold

The original lease length is 10 years

Reviewed every 5 years and recently renewed

Rent is £11,750 per annum.
Hours
The business opens:-

Monday to Friday 06.30 – 15.00

Saturday 07.00 – 14.00

Sunday closed.
Staff
The business is owner run and managed with the assistance of 1 part time member of staff.
Financial profile
Dave’s Sandwich Bar reports a healthy turnover in the region of £53,000 with a gross profit at 54%.

What Zoopla users think of Thatcham

Overall rating:

  • currently 4 stars
Very good - 82% (48 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Thatcham:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Thatcham (1.0 mile)
  • Newbury Racecourse (2.0 miles)
  • Newbury (2.7 miles)
  • Southampton Airport (31.6 miles)
  • London Heathrow Airport (34.9 miles)
  • London Gatwick Airport (49.6 miles)
  • Shepperton Ferry Landing (34.8 miles)
  • Weybridge Ferry Landing (34.8 miles)
  • Southampton Vehicle Ferry Terminal (35.7 miles)

Nearby schools

View all schools in West Berkshire
  • Thatcham Park CofE Primary (0.3 miles)
  • Whitelands Park Primary School (0.4 miles)
  • Spurcroft Primary School (0.5 miles)
  • Engaging Potential (1.6 miles)
  • Newbury Hall School (3.0 miles)
  • Newbury College (3.0 miles)
  • Kennet School (0.6 miles)
  • Downe House (2.4 miles)
  • Trinity School (2.5 miles)
Note: Distances are straight line measurements

Local info for West Berkshire

About the neighbours in RG18

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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