Ref 6713 – Recently Closed Leasehold Well Known Sandwich Bar
Blacks Brokers are pleased to bring to the market this recently closed leasehold well known sandwich franchise located in the seaside town of Bridlington, East Riding of Yorkshire.
This sandwich bar had been trading on Promenade in Bridlington for many years and will seize to trade in the first week of September 2019. The business was part of the largest fast food chain in the world, with nearly 35,000 stores in 90+ countries, however is now being offered to the market as a fully fitted recently closed sandwich bar.
The business premises is positioned on a busy main road within the bustling town close to a range of independent shops and large multiples such as Boots and Domino’s. The area is popular with locals and visitors. Bridlington is well linked by the A614 and A615 with good public transport links and parking is available in the immediate area.
The premises is being offered due to our client’s other business interests and offers an exciting opportunity for a new owner to make their own stamp on their new business ventre.
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 began in 2019 and is 10 years with rent reviews every 5 and runs at a cost of £231 per week. There will also be a negotiable 3 moth rent free period available.
The business was previously operating with four members of part time staff in addition to one full time supervisor and our client was not currently involved in the day to day running of the business.
This busy branch had traded solidly since opening. We are advised that the business had an annual turnover of up to £200,000 season dependent.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This recently closed business occupies a superb position in a very busy area of Bridlington and has a strong base of local and regular customers along with lots of passing custom from visitors. There is scope to market lunchtime catering to local businesses and this type of service is in high demand in this area. Early viewings are strongly advised.
Please quote ref: 6713