Granny's Sandwich Shop, The Green, Bilton, Rugby, Warwickshire, CV22 7LZ
- SIZE
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- SECTOR
Takeaway for sale
Key features
- Iconic Tudor style Grade II Listed Building
- Adjusted Net Profit of c. £42,000
- Take Away & Delivery Service - Open 6 days
- Potential 25 yr lease (subject to conditions)
- Offers sandwiches, pies, pasties and cakes
- Standalone Unit c.244 sqft - EPC Rating E.
- Christie & Co Ref: 5813163
Description
Granny's Sandwich Shop is more than just a business, it's a local institution and very much part of the community serving locals for over 80 years. Alongside serving freshly made hot and cold sandwiches, jacket potatoes, pies, pasties, a range of standard & Artisan loaves, plus a variety of cakes which are all produced locally, the current owners have been able to successfully bring in another income stream by starting a buffet delivery service for those family celebrations and social events as well as offering a corporate catering service for businesses within a 5 mile radius.
LocationStanding out from the crowd is this easily identifiable, charming and characterful Grade II listed building. Having an architectural Tudor theme the property is home to the local and longstanding business of Granny's Sandwich Shop. The store is positioned at the end of a parade of other shops and businesses right at the heart of the historic village of Bilton, in the borough of Rugby and is overlooking the village green which showcases the ancient Bilton Stocks which were last used in 1846. This piece of the towns history are an attraction in their own right, bringing visitors to the area as does the village green which hosts a child's play park. In the immediate area there are various businesses with each of them bringing in potential lunchtime trade. Some of these businesses include funeral directors, estate agents, accountants, beauty salons, barbers, vets and other retail businesses.
Internal DetailsThe internal space has been well thought out since the building offers a total of 224 square foot approx. However, due to the efficiency of use of space the shop floor gives a cosy and welcoming feel to customers. The building offers quarry tiling throughout and so is durable and easily maintained. All of the kitchen equipment was replaced when the current owners took over the business some six years ago and is expected to be included within the sale. There is also a small storage area and staff washroom facilities.
Ground FloorShop Floor (199 sq ft approx): Cash till, serving and refrigerated display counter, self-serve bean to cup coffee machine, upright Coco-Cola cold drinks refrigerator and entrance into the store.
Ancillary Area (118 sq ft approx - not including washroom): All cooking equipment, double stainless steel sink & drainer, under counter stock refrigerators & freezers, storage and access to the staff wc and rear door providing a second entrance into the building.
It is expected that the fixtures and fittings shall be included within the sale. The seller does reserve the right to retain any of these items should they decide to do so. A full list of the items will be provided in an itemised inventory.
Source of RevenueThere are three separate streams of revenue generated by this business:
1) Take Away Service
This element to the business is the primary source of income for Granny's Sandwich Shop. This stream of revenue has been responsible for the growth and sustainability of the business. It is the sole reason why the business has stood the test of time, becoming the longstanding successful catering service it is today..
2) Delivery Service
Taking over the business in 2019 the owners were quick to identify where within the business extra money could be generated. Therefore, it was decided that they would get to work on a major focus to this aspect of the business by marketing and their website. The delivery service has grown so much in popularity that they brought their very own branded delivery van, offering their food to locals within a 5 mile radius, for orders that are over their minimum spend threshold. To place an order, customers can call or email through, or simply order via their website.
3) Buffett & Corporate Catering Service
Using the innovative marketing methods that today's technology brings, the owners have been able to gain awareness by utilising social media platforms. Doing this they have been able to showcase their creative and colourful displays of buffet food to other businesses alike, with orders being priced on a price per head basis, offering a variety of menus which are of course driven by price.
Externally, there is a no through service road leading right up to the front door of the store, with the property benefitting from allocated disabled parking bays just outside the front of the store. There is a side entrance where you can access the building behind and potentially also park here. The building is a Grade II Listed status and can be found on the National Heritage website. The timber framed property is Tudor like in its aesthetics with the usual feature beams throughout the historic architecture. National Heritage declared the site as protected in the 1970’s to protect the below:
• Whitewash Brick Nogging
• Timber Frame
• Flush Casing Windows & Glazing Bars
This does of course mean that any changes to the external elements and structure of the building may require approval from the planning department of the local authority.
There is no residential accommodation involved; this is an individual standalone lock up unit.
The OpportunityThis profitable business offers an opportunity to be a part of Warwickshire's heritage and maintain its infrastructure since sourcing all that it offers from local farms, bakers etc. It is ideally suited to a couple who are perhaps fed up of the usual 9 - 5 working day, however equally don't wish to give up work. The sandwich shop benefits from it's vibrant village setting, drawing in trade from the local residents and businesses, members of the public who are simply just passing by and from visitors to the area to soak up its historic heritage. The brand holds a strong reputation with the business now holding numerous diverse revenue streams. Furthermore, there is a golden opportunity here for the new owners to increase revenue by extending the trading hours, building relationships and increasing it's partnerships with other businesses and extending the delivery service.
StaffA staff schedule can be provided upon agreement of an offer being made.
Trading InformationWe are in receipt of year ending July 2023 trading accounts, see below the trading characteristics:
Turnover: £137, 629
Staffing Costs: £15,516
Adjusted Net Profit: £41,799
The current trading hours are:
Monday - Friday: 8.00am until 2.30pm.
Saturday: 8.00am until 1.30pm.
Sunday: Closed.
As already mentioned within the brochure, the building is a Grade II listed building. Below are the entry details for National Heritage:
Heritage Category: Listed Building
Grading: Grade II
List Entry No: 1184150
Date Listed: 3rd September 1976
This purchase is available on leasehold only.
TenancySee below the terms of the leasehold which is covered by the Landlords & Tenants Act 1954:
Lease Term: 6 Years
Lease Commenced: 29th November 2019
Rent: £6,600 per annum
Service Charge Applicable: £216 per annum
Rental Reviews: 4 Yearly
** AGENTS NOTE **
The landlord - Whites Property, has informed us that they would be willing to increase the length of the term for the leasehold up to a maximum of 25 years. This is of course subject to agreeing the relevant conditions.
As per the governments website the Business Rates for this unit is £4,000. As this is below the £12,000 threshold, the business does qualify for business rates relief.
Energy Performance Certificates
EPC 1Brochures
Granny's Sandwich Shop, The Green, Bilton, Rugby, Warwickshire, CV22 7LZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rugby Station2.2 miles
Notes
Disclaimer - Property reference 5813163-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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