Ref 5868 – Profitable Sandwich Bar
Blacks Brokers are delighted to bring to market, this superb sandwich bar, in a busy area of Bury, Lancashire.
Bridge Street Butties has been situated on Bridge Street since our client took ownership in 2016. Our client has been very successful in building up this business reputation and has taken the hygiene standards to excellent. Customers frequently comment about how neat and presented the Sandwich Bar is, and how clean and hygienic the premises are. It is evident, that our clients experience in the trade coupled with their own high standards has helped this business soar to a level that sets it apart from local competitors.
Located on busy Bridge Street, this business is ideally located in a medley of residential and commercial properties with a high amount of passing trade. The immediate area is predominantly commercial, with a lot of business units close-by. This helps generate many sales throughout the lunch time period. The standard of food also helps set this business apart in their location – our client often finds that one sale will become nine with commercial customers returning to their offices with known favourites such as Chicken Chorizo Pasta, including Chilli Sauce with Red Wine, inspiring their colleagues to visit Bridge Street Butties and become hooked also.
Reluctantly offered for sale, Bridge Street Butties is only offered for sale due to our clients ill health. A new owner has the opportunity to hit the ground running by increasing the opening hours and introducing deliveries to the local area, particularly commercial customers.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 6 years with rent reviews every 3 years. The current lease began in 2016 at a cost of £3,960 per annum. The rent at present is particularly low in comparison to other local establishments.
Bridge Street Butties is housed within the ground floor of an end-terrace retail unit in an industrial area of Bury. The unit is single fronted with glazed frontage in place and bold signage and branding on display. Inside, the main servery and waiting area is very well presented with seating available for 10 and clean, modern décor. The counter is behind display fridges with a selection of food on show and stainless-steel preparation area. To the rear is a further preparation kitchen with oven and hob, panini maker and other good quality equipment.All areas are presented well and are well-equipped with good quality fixtures and fittings in place.
Bridge Street Butties is currently owner-operated however there is potentially for a new owner to use the business solely as an investment by employing a manager to work in the business on a day-to-day basis. Of course, this does not reduce the appeal of running this profitable business as an owner-operated operation if you so desire.
The Business has traded solidly since our client built the business from scratch in 2016. Financial statements are available upon a viewing present, the business generates a turnover in excess of £54,000 with a strong gross profit margin of 60%.Given the opportunities available with this business, including opening weekends and introducing deliveries, a new owner will be able to increase the turnover quite dramatically almost immediately.
This exciting, profitable business is reluctantly offered for sale. It is important to act quickly should you wish to view this business as we do not expect it to be around for long! This is an opportunity for a new owner to take advantage of our client’s hard work and dedication and boost the turnover by increasing opening hours, opening weekends and introducing deliveries, should they wish. There is a potential market to work with local businesses also for commercial deliveries, along with the huge amount of passing trade the business benefits from. Business: £25,000.
Please quote ref: 5868