Hogan's Sandwich And Burger Bar, Kilmarnock

OVERVIEW

**360° Virtual Tour Available Via Above Link** 

The leasehold of this highly popular Class 3 Sandwich and Burger takeaway with all of its equipment, fixtures, and fittings are available to purchase located in a highly-visible part of Kilmarnock.

This prominent hot-food business is available for immediate occupation and is located in Kilmarnock town centre, opposite Police Scotland and located next to St Marnock Street Car Park.

Hogan's sandwich bar is a successful family-owned business that opened in 2014. The average turnover for the past 3 years has been £65k, based on being open from 10:00 - 14:30 each day. 

The business has averaged a 30% profit over the past 3 years, with a huge potential to increase this with longer working hours and using online ordering platforms which have not previously been used.

The property is in walk-in condition for new occupiers and includes equipment and fixtures and fittings.

Hogan's is available for offers over £35,000, with a new 5+ year lease of £10,500 per annum available to be negotiated with the current landlord. There is a rental deposit of £2,500 as well, with lease terms to be discussed directly with the landlord. 

A MODERN CAFE

The property is fitted out in modern and welcoming decor as a cafe/takeaway with approximately £35,000 spent on improvements and equipment over the past 5 years.

Highlights include:

- Full colour CCTV with audio

- 4 x 4K quality cameras.

- Remote monitoring via an app from any mobile device with playback.

- Epos hybrid till system and kitchen printer, integrated with the business website and app, 

- Multiple fridges, freezers, 2 group coffee machine and grinder, griddles, and tables/chairs 

Internally there is a welcoming and modern seating area, which leads to the service counters which stretch around from the entrance.

To the rear of the premises is a kitchen preparation and cleaning area, with a further storage area and toilet available.

A full list of what equipment is included can be provided to any interested parties.

A SUPERB LOCATION

The subjects are situated on the east side of St Marnock St within Kilmarnock town centre, occupying a ground floor location with excellent visibility and footfall and with a local authority car park located adjacent, as is Police Scotland the Kilmarnock Sherrif Court.

The subjects are located in the town of Kilmarnock within the East Ayrshire local authority region with a population of approximately 46,000 persons and a catchment population of approximately 120,000 persons.

The town is located approximately 22 miles southwest of Glasgow, 13 miles northeast of Ayr, and 7 miles east of Irvine via the A77/M77 and A71 trunk roads respectively.

The property has excellent access to transport links, with numerous bus services operating, and Kilmarnock Railway Station is an 8-minute walk.

CURRENT LEASE

The current lease is due to terminate when the current tenant vacates. The landlord is open to negotiation of a new long-term lease for the new proprietor, with a proposed rental figure of £10,500 per annum. 

There is a further rental deposit of £2,500.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi. 

TRADING HOURS

The business has previously traded each day from 10:00 - 14:30. 

MEASUREMENTS 

Total - 55.7 sq m / 600 sq ft

TERMS

Rates - From the Assessor’s website, the property had a Rateable Value of £8,800. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status. 

EPC - A copy of the EPC is available upon request.

Entry - The current tenant is flexible with requests.

Price - Our client is inviting offers over £35,000 to acquire the leasehold, with all equipment, fixtures, and fittings also included.

Purchasers are able to negotiate a new FRI lease in the region of 5+ years, with an annual rental of £10,500 per annum (excluding VAT which is applicable).

Planning - The subjects currently benefit from hot food takeaway consent however may be suitable for alternative uses subject to planning. All planning queries should be made directly to East Ayrshire Council.

Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.

For further information, please contact Bowman Rebecchi.