Well-Established Sandwich Bar Business For Sale

Kwik Snak, 4 Portland Square, Portland Road, Worthing, BN11 1QH

Quick Summary

£30,000 Units: 1 Floors: 1 Area: 326 sq ft Type: Business, Catering, Commercial, Retail Status: Sale Rooms: 1

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Property Description

Location

The premises are situated in an established trading position within the heart of Worthing town centre and in an area earmarked to be pedestrianised in an exciting scheme to create a ‘continental-style’ boulevard in 2020. The property is just yards from the town’s main pedestrianised shopping precinct of Montague Street and nearby occupiers include a mix of national and independent retailers, office users and eateries.

 

Description

An excellent opportunity to occupy a fully fitted and trading daytime sandwich bar which has been trading for approximately 35 years and in the current ownership for the past 20 years.

Currently serving a menu of sandwiches, light lunches and hot snacks, the business trades all year round between the hours of 7:30am – 4pm Monday to Saturday. The current owner runs the business with the assistance of 1 full-time and 3 part-time members of staff.

The premises, which are presented in good order throughout, comprise an open plan kitchen/serving area with breakfast bar and table seating for approx. 8 covers. There is a small storage/prep area and WC to the rear, whilst externally the premises benefit from outside seating for a further 8 covers.

This is an excellent turnkey opportunity to purchase an extremely well-established and profitable business, and viewing is highly recommended.

 

Accommodation

The property has the following approximate gross internal floor areas:

 

Maximum overall width         10’8

Maximum overall depth         30’10

Approximate area                  326 sq ft

 

Tenure / Rent

The premises are available by way of an existing ten year lease from March 2019 at a passing rent of £8,500 per annum. We are advised that the rent is subject to VAT. A full copy of the lease is available to serious applicants upon request.

 

Premium

£30,000 (Thirty Thousand Pounds) to purchase the leasehold business to include fixtures and fittings.  Full accounting information is available to serious applicants upon request.

 

Inventory

A full list of fixture and fittings is available to serious applicants upon request

 

Legal Fees

The incoming tenant is to be responsible for the landlord’s legal fees.

 

EPC

Copies of the EPC and Recommendation Report are available upon request.

 

Business Rates

The Rateable Value for the property is £9,000 and therefore an ingoing occupier would likely be subject to Small Business Rate Relief and there would be no rates payable. We would recommend that any interested parties make their own enquiries as to the rates payable with Worthing Borough Council’s rates department on 01903 221061.

 

Viewing

The shop is busy with customers and staff therefore viewings are strictly by appointment only.

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