AN ESTABLISHED HOT & COLD SANDWICH SHOP SITUATED A FEW HUNDRED YARDS FROM CHESTERFIELD COLLEGE AVAILABLE UPON RETIREMENT

Reference: 
4492
Enquire about this property
£25,000
Leasehold
For Sale
Location: 

Good Food offers an excellent opportunity to acquire an established hot & cold sandwich shop upon the retirement of the current owner after 12 years of successful trading. The shop is well situated in a popular residential area close to the town centre - a few hundred yards from Chesterfield College.

The business sells a range of hot and cold sandwiches, chips, jacket potatoes and a range of specials, in combination with hot & cold drinks and a range of sweets, crisps and chocolates – the offering being ideally suited to the footfall of students passing the premises during term-time.

Turnover of over £52,000 per annum, with an impressive gross margin of approx. 53% based on 36 weeks opening in line with college term-times and allowing excellent potential for growth.

 

PRICE:  OFFERS ARE INVITED IN THE REGION OF £25,000, TO INCLUDE THE FIXTURES, FITTINGS AND DISPLAY CABINETS.

STOCK TO BE TAKEN OVER AT VALUATION

Viewing strictly by appointment - please contact our office to arrange a suitable time and date.

Location

Good Food is located on Infirmary Road in the market town of Chesterfield. The business is particularly well situated given the close proximity to Chesterfield College, approx. 300 yards to the south on Infirmary Road – the only vehicular access to the college. Chesterfield College Group has in excess of 10,000 students enrolled, providing excellent foot fall to the business

General Information

The business is fully equipped to provide a range hot & cold sandwiches and snacks, including fridges, freezers, oven, high speed grill, deep fryers, microwave, dishwasher, chip shuttle, bain maries, panini machine, catering cabinets etc. and achieved a food hygiene rating level 5.

The business has been further developed to provide a range of pop, sweets, chocolate and other snacks, many of which are on a sale or return basis providing excellent flexibility. The majority of sales is on a takeaway basis, however there is a seating area within the shop (where there is also a boxing machine with a 50/50 share of the takings), and space for a seating area outside.

There is one designated parking space.

The business has been operated by the current owner for 12 years, and currently opens weekdays between 8.00am and 3.00-3.30pm for 36 weeks of the year in line with the college term times, allowing an excellent opportunity for purchasers with a family to close the business during the holiday periods. Alternatively this offers an opportunity to increase the opening hours of the business to develop the business further, including the opportunity to utilize online  delivery services such as JustEat or Deliveroo (subject to conditions).

A viewing is highly recommended to appreciate the opportunity on offer.

 

Accounting Information

This would be provided to genuinely interested parties upon proof of financial ability.

At this stage we are able to confirm the turnover is approximately £52,000 with a gross margin of approximately 53%. The business has performed fairly consistently, and provides exceptional potential for expansion with extended opening.

 

Lease

The premises are offered with the benefit of a new lease, with the term negotiable in multiples of 3 years + as required. Rent charged at £130 per week for the 36 week opening period, with the remaining weeks to be rent free initially allowing excellent opportunity for development.