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Excellent Sandwich Bar In Fulham For Sale

Fulham, London
Asking Price:
£74,995 Furniture / Fixtures included
Sales Revenue:
£156,000
Cash Flow:
Available on request

Currently Closed Weekends
Low Rent & No Rates
Annual Turnover £156,000
Gross Profit £81,900
Refurbished In December 2017
Bus Stop Directly Outside / 0.2 Miles To Underground
Loyal Customer Base
EPC - C

REF 5631 – Leasehold Sandwich Bar
Blacks Brokers are proud to bring to the market this leasehold sandwich bar, located in the much sought after area of Fulham, southwest London.

INTRODUCTION

Aromma has been trading since 2011 here on New Kings Road in Fulham, with our client in ownership since 2013. The business has firmly established itself within the local community, gaining a large and loyal customer base. This superb trading position also brings continual, passing trade from city workers and tourists.

LOCATION

Fulham is an Inner London district close to Charing Cross. New Kings Road, Fulham is close to Putney Bridge and Chelsea, Putney Bridge Tube Station, Fulham Place and Bishops Park. The area is well used by local residents, commuters, city workers and tourists. Some roadside parking available, with most travel in the area being by train or on foot.

REASON FOR SALE

Aromma is only being offered for sale as our client has other business commitments.

LEASE

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 is 10 years with rent reviews every 3 years. The current lease runs at a very competitive cost of £213 per week. Arromma is also licensed to trade from 7am til 11pm and evening trade is something that could really see the takings rise extremely quickly.

BUILDING LAYOUT AND DESIGN

Aromma is housed within the ground floor of a large four storey building also used for office lets and residential apartments. This busy parade of shops is also home to other businesses and shops such as newsagents and barbers with little local competition. The business is well presented and well branded, with clear signage on display and a canopy sheltering four outdoor seats. Inside, there are a further four seats available. The retail area is well stocked and nicely presented with servery counter behind a display fridge and an open plan preparation area on view. The storeroom, additional kitchen space and toilet are all housed within the lower ground floor of the building.

STAFF

Aromma is currently operating with three part time members of staff in addition to our client.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business which has traded solidly over its trading history. The business generates a annual turnover of £156,000 with strong gross profits of £81,900. Many customers are from the local area as one would expect, with plenty of additional trade from passers-by.

SUMMARY

This leasehold business is well established and boasts a large and loyal customer base along with a superb reputation. The business has a good, 4* hygiene rating and long trading history with scope to expand into deliveries, online orders and partnerships with websites such as JustEat and HungryHouse. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 07:00 - 16:00
SAT & SUN: Closed

Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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