Hilton Smythe welcomes to the market Jeeves Sandwich Bar & Deli, For Sale after several years of growth since 2014, due only to our client's other pressing business interests in Exeter.
A very popular and almost hub of the community style sandwich bar and deli, offering coffee, sandwiches, breakfast, baguettes, home-made and local produce such as pies, and meats, and regular lunchtime staples to take away or eat in. Benefitting an excellent sandwich round business, and plenty of outside catering; Jeeves can accommodate most light bite requests. Plenty of imaginative menus from breakfast in a box to a potato dog are included amongst regular toasties, sandwiches and salads.
Locally renowned with a superb reputation, much repeat and regular clientele and recognised as a bit of a hub of the community where you can stop and have a tea or coffee in-house whilst catching up on the latest TV news. Jeeves also benefits a regular and busy sandwich round recognised throughout the local area. Ranking well on TripAdvisor and similar online mediums, the business has an excellent Facebook page, but could benefit the introduction of a dedicated website, along with a customer loyalty scheme.
Although an already successful business that has been built up over the past few years, with an annually increasing turnover, there remains much scope and growth for a first time business buyer, or husband wife team or partnership.
Jeeves Sandwich Bar & Deli is situated in the busy market town of Cullompton, within the county of Devon.
Easily located with prominent visible signage and A' Boards. The business sits in the centre of a busy main high street, adjacent the main zebra crossing point. Within the vicinity of plenty of other complimentary businesses, the high street offers lots of other independent and major operators. There is plenty of free parking throughout the town and nearby lay-by parking close to Jeeves itself. With the monthly Saturday farmers market being the oldest in the South West, the town attracts plenty of passing trade and tourists, and is home to several listed buildings and some lovely architecture. Sitting on the River Culm, some local manufacturing still remains in the paper and flour sector.
Cullompton is a busy and popular market town in Mid Devon, circa 16 miles from Exeter, 22 miles from Taunton, and 13 miles from Exeter Airport. There is an excellent local road and public transport network, with the M5 motorway being circa 1.5 miles at Junction 28.
An extremely manageable premise circa 40 sqm.
Well appointed, presented, and maintained throughout, the unit benefits double entry exit doors, leading to largely open plan main shop floor.
Retail space equipment includes-
Loose bistro tables and chairs
Central servery with refrigerated counter
Wood block style preparation
Toasted sandwich machine
Bread basket displays
Large fixed flat screen television
To the rear of the unit is a galley style preparation, service kitchen and ancillary space with fridge and freezer provision, staffing area and WC, with rear access door to handy side lane.
Nicely proportioned with excellent flow, decor, and ambience, easy to manage.
The premises have a pavement frontage large enough for some outside bistro tables (subject to pavement licence payment).
We are advised the business is being sold as a Leasehold business opportunity.
Original lease length: 5 years
Remaining lease length: 3 years as of 2017.
Review period: 5 yearly
Rent: £400 per month
The business opening hours:
Monday: 07:00 to 15:00
Tuesday: 07:00 to 15:00
Wednesday: 07:00 to 15:00
Thursday: 07:00 to 15:00
Friday: 07:00 to 15:00
Saturday: 07:00 to 15:00
The business is run by a hands-on owner operator with the help of one full time member of staff.
The year ending 2016 showed a turnover of circa £116,000. Forecast for the year ended 16/17 are in line with £130,000 with a gross profit margin of 60%. Net profit is circa £35,000.
Accounting information will be made available to seriously interested parties following an internal inspection. Ade available to seriously interested parties following an internal inspection.