Greens Cuisine4 Fewster Square, Leam Lane, Felling, Gateshead. NE10 8XQ

OFFERS BASED ON £69,950 (LEASEHOLD)

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

Jonathan Ward | Business BrokerTel: 0845 299 0158

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

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

LocationGreens Cuisine is situated on Fewster Square which is a local shopping centre ina densely populated residential area. The business is surrounded bycomplimentary businesses such as a Coop, Martins Newsagents, Hairdressersetc. There is ample on and off street parking in the vicinity.

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

General InformationTradingThe business achieves a turnover in the region of £2,000 per week, with a grossmargin of 50%. This trade is split 50/50 between shop takings and outsidecatering. Recent accounts give an adjusted net profit of around £18,000 for afull time working owner. Our clients have just gained an additional cateringcontract worth around £1000 per week which is not reflected in these figures.Formal trading figures can be supplied to seriously interested parties.StaffingThe weekly wage bill is around £310 in addition to our client who works full timeRatingWe are advised business rates payable are £890 per annumServicesAll mains services are connected to the propertyTenureThe 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 ataround £85 per week.Fixtures & FittingsWe are advised by our clients that all fixtures and fitting are owned outright.Opening HoursMonday—Friday: 7.00-3.00 Saturday 8.00-2.30

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

Legal FeesBoth parties to be responsible for their own contractual costs. The purchaser isto responsible for our clients reasonable cost incurred in the assignment of thelease.

Agents NotesGreens Cuisine benefits from an excellent reputation and is well positioned togrow further—indeed the business is only reluctantly being offered for sale dueto our clients ill health. The delivery and catering side of the business benefitfrom some excellent clients and the shop has a growing reputation for sellingquality and good value products.

Reference: SA105NE Issue: 251007/01

Property Misdescriptions Act 1991

Lakey & Co draw the attention of prospective purchasers and those actingon behalf of prospective purchasers to the following:

1. These particulars do not constitute any part of an offer or acontract.

2. All s tatements contained in these particulars are made withoutrespons ibility on the part of Lakey & Co or the seller.

3. None of the statements contained in these particulars is to berelied on as a statement or representation of fact.

4. Any intending purchasers must satis fy themselves , by inspec-tion, or otherwise, as to the correctness of each of the state-ments contained in these particulars

5. The seller does not make or give, and neither Lakey & Co, norany person in our employment, has any authority to make, orgive any representation or warranty whatever, in relation tothis transaction.

6. We have asked the seller to provide copies of all documenta-tion to the seller’s solicitors where they are available. This information will be supplied to you by the seller’s solicitors on request. In the meantime we have relied on informationprovided by the seller, and are not respons ible for the accuracyof that information. Where information contained in thesesales particulars is fundamental to the transaction, you shouldnotify us accordingly, and we shall endeavour to obtaindocumentary confirmation before you proceed further and inany event incur expenditure.

7. While these particulars are provided in good faith, we are notsurveyors or accountants , and we have not tested any fixtures,fittings , equipment, services or other facilities , and cannot say ifthey are in working order or suitable. You should rely on yourown inspection and that of your surveyor. Similarly, you shouldrely on your own investigation of the accounts , and that ofyour accountant.

8. Property dimensions , where given, are for guidance only, andyou must satis fy yourself as to the accuracy of the measure-ments .

9. The ownership or use of fixtures , fittings and equipment maybe subject to permission from or payment to other parties (e.g.landlords, hire companies , etc.)