Retail premises for sale in Burnley Road, Blackburn BB1

£45,000
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property description

Ref 6590 – Leasehold Sandwich Bar & Catering Business
Blacks Brokers are pleased to bring to the market this Award Winning leasehold sandwich bar and catering business located in a densely populated residential area of Blackburn, Lancashire.


Introduction


Green Chilli Deli & Sandwich Co Ltd has been trading on Burnley Road since 2008 with our client in ownership since 2015. This Award Winning business has taken this business further and established a large base of catering contracts in addition to the sandwich shop trade. The business has a superb reputation with excellent reviews noted on Google, Facebook and Trip Advisor.


Location


The business is positioned on a busy main road in a busy residential area. It is next door to a popular convenience store. This area is well linked by the M65 with excellent public transport links in place and free parking is available immediately outside the shop. There is a number of large industrial estates in the area which bring a huge amount of lunchtime trade.


Reason for sale


The business would be ideally suited to a hands-on owner-operator and is only available due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a competitive rent on a Internal Repair Only (iro lease). The current lease is a rolling annual lease which runs at a cost of only £120 per week.


Staff


The business is currently operating with two full time and two part time members of staff in employment. Our client oversees the management of the business. The staff in place are reliable and experienced. They can offer a smooth transition for clients and the new owner - giving reassurance that the momentum of success can be continued under new ownership.


Financial details


Green Chilli Deli & Sandwich Co Ltd has traded solidly since opening. Annual Accounts to Year End 31st August Projected Annual Turnover (2019/20) £126,000, Projected Gross Profit (2019/20) £72,000 and a Projected Net Profit (2019/20) £35,000. Of this turnover, between £18,000 and £25,000 is generated by outside catering contracts. Full financial details are available upon viewing.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This leasehold business is well established and has a good base of local customers and catering contracts in place. There is plenty of scope to develop the business further with a strong online and social media marketing drive. There is also potential to create partnerships with websites such as Just Eat and offer a delivery service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £45,000.

Please quote ref: 6590

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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