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Two Top End Superbly Located Sandwich Shops

Ref. AF185

Location : Leicester

Asking Price : £59,950

Turnover : £155,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises: Leasehold

Asking price includes:

Turnover: £155,000
Gross Profit: 48%
Net Profit: Undeclared
EBITDA: Undeclared
10 years established
Council contract
City centre location
Surrounded by many professional businesses
High quality fixtures and fittings

Introduction:

Turner Butler has been appointed to invite offers for the purchase of the assets of this
long established impeccably presented sandwich business.

Business Profile

The two retail units are superbly located and are in close proximity. The sandwich shops are surrounded by offices, many of which house solicitors and accountants. They operate to 5* hygiene standards.

Customer Service:

Regular repeat business is a reflection of the attention paid to customer service.

Key Strengths:

The location of the business is its key strength. The staff use only the finest quality butcher’s meats as well as Covent Garden fruit and veg.

Financial Performance:

Turnover c. £155,000
Gross Profit Margin c. 48%
Net Profit: Undeclared

The assets of the business are 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.

Asking Price:

The asking price of £59,950 is for the assets of the business. The shops are equipped to a very high standard. All equipment, fittings and furniture are included in the asking price.

Advertising and Marketing:

There is currently a zero advertising spend.

Growth and Expansion:

There is massive growth potential in this business. A new owner manager would benefit the operation significantly and staff costs could be cut. The business is currently not promoted on social media and doesn`t have a web presence. They currently do not accept card payments. Whilst they do a little outside catering there is great potential for expansion here.

Premises:

The two shops are rented. The total payable in rent and rates is £20,605 per annum.

Employees:

There are 6 staff working a total of 150 weekly hours.

Reason for Sale:

The current owner has been working full time on another project for a number of years.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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 Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk