Ref 6936 – Leasehold Established Sandwich Shop
Blacks Brokers are pleased to bring to the market this leasehold established sandwich shop located within a densely populated residential area of Prestwich, Greater Manchester.
The Village Pantry was established in 2004 and our client took ownership in 2018. The shop is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this main road trading position. The business has an excellent reputation and superb reviews are noted on Google and Trip Advisor.
The Village Pantry occupies a prominent trading position within a parade of shops which is close to a large housing estate. This is a short drive from Prestwich town centre and Heaton Park. The area is densely populated, and parking is available immediately outside. Prestwich is well linked by the M60 with strong public transport links.
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's family commitments being higher than anticipated, the business is offered for sale. This 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 Full Repair & Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2018 at a cost of £162 per week.
The business operates with one part time members of staff in employment supporting our client working on a full time basis.
The Village Pantry has traded solidly since opening and has a strong customer base in place. We are advised that the business currently has annual turnover of £48,399 with gross profits of £40,460. Full financial details are available upon request. It is to be noted that the business is currently being run at a pace to suit the current owner and there is scope and demand to extend opening hours and days to include afternoons, evenings and Sundays. The owners have recently introduced UberEats into the business and have thrived from doing do so and we are expecting this to make a dramatic impact on the New Years revenue.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a well known sandwich shop which has been finished to a high standard. The shop provides a reliable sandwich trade to local businesses and residents. There is plenty of scope to develop the business further with the introduction of a website with ordering service, larger delivery service area and has the potential for longer opening hours and days. 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: £22,995.
Please quote ref: 6936