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Established well known Sandwich Bar

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Sale Memorandum

Established well known
Sandwich
Bar


Ref.AF022

Location London, Central London

Asking Price £220,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking price includes

Excellent reputation nominated for Best Sandwich Award

Lease of eleven years on prestige property

Turnover exceeds £300,000 per annum

Gross profit exceeds £170,000

Training and handover

Business profile:

The business was established in 1990 and prides itself on the excellent reputation it has gained within local business world, specializes in providing freshly made sandwiches, salads, hot dishes, cakes teas, coffees, cold drinks etc with nothing pre packed.

This has to be one of the very best sandwich bars in London having been in the current ownership for the last 14 years, being nominated for “The best sandwich award “and having been mentioned in the London newspapers.

Situated in located in a prime development with a huge number of office and shop workers who work within the area, as well as shoppers and visitors alike, with direct views over the Thames, a truly vibrant contemporary urban environment made of granite, glass and steel, and incorporating opportunities for public works of art, in an environment which has been designed with the pace of “through traffic” specifically in mind and is fully fitted to high standard and decor with seating inside and outside.

The property incorporates the highest specification fitments being centrally located for the vibrant selection of business, whilst allowing easy access into the City of London.

The sandwich bar is located a stone throw away from the truly spectacular, world-famous London tourist attractions, that draw visitors from far and wide.

The business prides itself on its reputation for friendly service, honesty and reliability, ensuring that strict rules and regulations to ensure excellent service are at all times with professionalism and total commitment to sound health and safety practices.

The business provides an excellent opportunity to acquire a successful well established sandwich bar that is conveniently located.

Much of the business’s revenue is received through the strong word of mouth recommendation it receives from its client, bearing testimony to the excellent reputation it enjoys.


Premises
The business operates from a leasehold unit in an historic area of London riverside transformed into a shop and residential area. The warehouses here date back to Victorian times and narrow streets bridged with small walkways have been the setting of many period dramas and films, right on the river next to Tower Bridge.

The nearest Underground stations are London Bridge and Tower Hill, and it is then a short walk to the sandwich bar, and it is only 15 minutes from the West End by taxi, an excellent tourist spot in central London. There are 11 years remaining on the lease at a rent of £30,000 per annum
Financial profile:
The sandwich bar is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business is financially stable with no borrowings and has shown consistent strong growth in profits. Sales revenue exceeds £300,000 per annum, with a gross profit exceeding £170,000 per annum.
Support and training
The owner is happy to assist with the handover and training
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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  4. We will contact you and put you in touch with the seller of the business.

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