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