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Jonathan Ward | Business Broker Tel: 0845 299 0158

Greens Cuisine 4 Fewster Square, Leam Lane, Felling, Gateshead. NE10 8XQ

OFFERS BASED ON £69,950 (LEASEHOLD)

Greens Cuisine is a profitable and successful business with huge scope for future growth.

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Quality Sandwich Bar / Deli / Outside Caterers Taking £2,000 plus per week & growing Scope for longer hours Blue chip client base—huge scope for growth


Location

Greens Cuisine is situated on Fewster Square which is a local shopping centre in a densely populated residential area. The business is surrounded by complimentary businesses such as a Coop, Martins Newsagents, Hairdressers etc. There is ample on and off street parking in the vicinity.

Description

The entrance from Fewster Square leads in to the sales area which has a tiled floor and seating for around 8 customers. This leads to a good sized and well fitted commercial kitchen which also benefits from a substantial walk in chiller. The business also benefits from a liveried 2005 Suzuki Carry which is insulated and used for deliveries.

General Information Trading

The business achieves a turnover in the region of £2,000 per week, with a gross margin of 50%. This trade is split 50/50 between shop takings and outside catering. Recent accounts give an adjusted net profit of around £18,000 for a full time working owner. Our clients have just gained an additional catering contract worth around £1000 per week which is not reflected in these figures. Formal trading figures can be supplied to seriously interested parties.

Staffing

The weekly wage bill is around £310 in addition to our client who works full time

Rating

We are advised business rates payable are £890 per annum

Services

All mains services are connected to the property

Tenure

The premises are held on a 10 year lease at a current rental of £7,500 per annum. There is a self contained flat above the premises which could be sub let at around £85 per week.

Fixtures & Fittings

We are advised by our clients that all fixtures and fitting are owned outright.

Opening Hours

Monday—Friday: 7.00-3.00 Saturday 8.00-2.30 Property Misdescriptions Act 1991 Lakey & Co draw the attention of pros pective purchasers and those acting on behalf of prospective purchasers to the following: 1. 2. 3. 4. 5.

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Thes e particulars do not cons titute any part of an offer or a contract. All s tatements contained in these particulars are made without res pons ibility on the part of Lakey & Co or the seller. None of the s tatements contained in these particulars is to be relied on as a s tatement or representation of fact. Any intending purchasers mus t satis fy themselves , by ins pection, or otherwise, as to the correctness of each of the s tatements contained in these particulars The seller does not make or give, and neither Lakey & Co, nor any pers on in our employment, has any authority to make, or give any repres entation or warranty whatever, in relation to this transaction. We have as ked the seller to provide copies of all documentat i on t ot he s e l l er ’ ssol i ci t or s whe r et heya r e av a i l a bl e.T h i s i nf or mat i onwi l lb es uppl i edt oy oub yt hese l l er ’ ss o l i c i t or so n reques t. In the meantime we have relied on information provided by the seller, and are not res pons ible for the accuracy of that information. Where information contained in these sales particulars is fundamental to the transaction, you s hould notify us accordingly, and we shall endeavour to obtain documentary confirmation before you proceed further and in any event incur expenditure. While these particulars are provided in good faith, we are not s urveyors or accountants , and we have not tes ted any fixtures, fittings , equipment, services or other facilities , and cannot say if they are in working order or s uitable. You s hould rely on your own ins pection and that of your s urveyor. Similarly, you s hould rely on your own inves tigation of the accounts , and that of your accountant. Property dimensions , where given, are for guidance only, and you mus t satis fy yours elf as to the accuracy of the meas urements . The owners hip or us e of fixtures , fittings and equipment may be s ubject to permission from or payment to other parties (e.g. landlords, hire companies , etc.)

Viewing

Please contact Jonathan Ward at Lakey & Co on 0845 299 0158.

Legal Fees Both parties to be responsible for their own contractual costs. The purchaser is to responsible for our clients reasonable cost incurred in the assignment of the lease.

Agents Notes Greens Cuisine benefits from an excellent reputation and is well positioned to grow further—indeed the business is only reluctantly being offered for sale due to our clients ill health. The delivery and catering side of the business benefit from some excellent clients and the shop has a growing reputation for selling quality and good value products.

Reference: SA105NE Issue: 251007/01

Regus House, 4 Admiral Way, Doxford International Business Park, Sunderland. SR3 3XW Tel: 0845 299 0158 Fax: 0845 299 1219 email enquiries: info@lakeynortheast.co.uk www. lakeynortheast.co.uk


SA105NE