Cafes for sale in Hull

View the "Recently Refitted Cafe in East Yorkshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £49,500 Price Reduced Annual Turnover: £135,000 Annual Net Profit: £20,000
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Business Description


Intelligent Business Transfer are delighted to announce the instruction of this hugely popular and firmly established business that has been trading in the hands of its current owner for two years since it was converted from a national bakery.
The business makes excellent use of a lock up unit that holds a visible position in a wide and long retail road into the city centre. The dining layout in the cafe makes great use of space and has a spacious arrangement which is largely open plan and encompasses a well fitted sales counter that is surrounded by an abundance of decorative fittings.
A new buyer can choose not to acquire the upper level floor if they wish, in which case the asking price will drop by £4000. The current vendor is removing the tools and fittings from the salon to effectively expand the cafe to offer approximately 16 more seats.

The rates have dropped from last year and business is likely to not pay any at all this year.
The weekly takings for the business are over £2,500 which produces an adjusted net profit of over £20,000. There is potential to increase this to £30,000 in the hands of an owner operating partnership who could maximise the potential on offer from an already solid platform.

The current owner has a wealth of experience within the hospitality and catering industry and has worked hard to develop the business to be busy every day of the week. Due to other opportunities, the owner wishes for a quick sale.
Tenure: Leasehold

Listed by: Intelligent Business Transfer
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