Price:
Leasehold - £70,000
Location:
Gloucestershire
Business Type:
Food Service Businesses
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and popular café/restaurant.
Founded over 8 years ago and owned by the present vendor for over 5 years, the café/restaurant is only now being reluctantly offered for sale to enable him to concentrate on his other business interests.
Our client provides an excellent selection of hot and cold foods which are freshly prepared on site including:
• Sandwiches and baguettes
• Jacket potatoes
• Panini’s
• Omelettes
• Breakfasts
• Seafood
• Salads
• Burgers
• Veggie dishes
• Grills
• Full dinners
• Pancakes
• Desserts
• Ice cream
• Hot and cold drinks
The business, which has 60 covers has 3 full time staff including the vendor and is fully equipped for purpose including:
• 4 ring gas cooker with built in oven
• Stainless steel extraction unit
• 2 x 4 slice toasters
• Twin deep fat fryer
• 9 pan Bain Marie
• Griddle
• 2 microwaves
• Till
• Lincat hot water boiler
• Bolero coffee machine
• Dishwasher
• 2 upright freezers
• 4 door under counter fridge
• 1 upright fridge
• 1-5m open soft drinks chiller
• 1 chest freezer
• Red bull chiller
• Stainless steel clad walls
Turnover is currently circa £2,000 per week. The vendor believes that a focused new owner could bring this back to £4,000 per week which was the level previously achieved.
We are advised that stock at cost is approximately £2,000.
REF: 9429GL
EXPANSION POTENTIAL
The business offers excellent scope to increase both sales and profits by:
1. Increasing the low prices currently charged
2. Having a bread oven and so offering fresh bread for sale
3. offering a takeaway delivery service to the many nearby offices and businesses
4. applying for an alcohol licence so they be offered for sale with lunches
5. offering gluten free options
Disclaimer:
Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.
N/B:
All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
The café/restaurant is ideally located on a busy and popular parade in the affluent town of Cheltenham in Gloucestershire. There are numerous other small complimentary businesses on the parade who all contribute in attracting high footfall levels to the area.
Nearby in Cheltenham town centre are many large multi national concerns such as Marks and Spencer, BHS, Primark, Littlewoods and many more.
Parking is pay and display in any one of the numerous car parks around the city centre.
TENURE: Leasehold
Original lease: 9 years
Remaining lease: 1 years
Review every: 5 years
Rent: £14,500
We are advised that the annual business rates are currently: £4,000
BUSINESS PREMISES
Spacious ground floor mid terraced lock up premises briefly comprising:
Ground Floor
• Centre entry door from the pavement directly into the café/restaurant with 60 covers spread evenly around the premises with a central low level partition
• Rear open kitchen
• Back prep room
• Side store with rear male and female w/c
• Side exit
• Laminate flooring
• Suspended ceiling with 2 fans
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