Cafes for sale in Ryde

View the "Two World-renowned Sandwich businesses for sale as a pair" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £97,500
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Business Description
• Both premium town centre locations
• High margin profitability from a premium franchise operation
• Currently management run, though ideal hands-on operations
• OIR £265,000 LH, FF & GW plus SAV

Location:
Both units are prominently located in the town centre and along the main leisure strip of Ryde. Benefiting from high footfall all year round, these premium locations complement each other. Ryde is the island’s most populous town, surrounded by densely populated residential areas. Ryde businesses also enjoy a significant increase in visitors throughout the now extending summer season, not least due to the fast foot passenger connections from both Portsmouth and Southsea via catamaran and hovercraft.

Description:
The Union Street shop has over 8 m of glazed pavement frontage and around 56 m² (602 ft.²) of sales area including servery. Alongside the takeaway offer are 28 covers for “eat in” customers. The premises are serviced by ladies and gents WC facilities. To the rear of the unit is a fully equipped commercial kitchen with both walk-in chiller and freezer facility.

The High Street shop has over 5 m of glazed pavement frontage and around 49 m² (527 ft.²) of sales area including servery. Alongside the takeaway offer are 19 covers with a further 6 external covers for “eat in” customers. The premises are serviced by a WC facility and there is air-conditioning in situ. To the rear of the unit is a fully equipped commercial kitchen with both walk-in chiller and freezer facility and staff WC.

The Business:
As an instantly recognisable, world renowned franchise, the buyer will benefit from significant and continuous advertising and product support. The businesses are fully staffed and T.U.P.E transfers will occur where relevant. The businesses are for sale as a pair only and the proposed franchisee will require the approval of the franchisor and be required to attend a two-week franchise course followed by a standardised intelligence test. There is an 8% royalty and 4% advertising levy paid by direct debit weekly to the franchisor. More detailed franchise information and accounting information will be made available to bona fide applicants after inspection and proof of funding.

Opening hours:
High Street 7 AM – 10 PM Monday to Saturday, 8 AM – 9 PM Sunday.
Union Street 7 AM – 10 PM Monday to Saturday, 8 AM – 10 PM Sunday.
The franchisee is required to open 98 hours per week, per shop.

The leases:
High Street: A 15 year term from July 2014. The passing rent will be £17,500 per annum exclusive. Rent reviews are scheduled at 5 yearly intervals.
Union Street: A 10 year term from September 2012. The passing rent will be £18,500 per annum exclusive. Rent reviews are scheduled at 5 yearly intervals.

Uniform business rates:
High Street. Rateable value: £18,500 (2015/2016) – 49.3p without small business relief. Interested parties should make their own enquiries to the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable.
Union Street. Rateable value: £15,500 (2015/2016) – 49.3p without small business relief. Interested parties should make their own enquiries to the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable.

Terms:
Offers are invited in the region of £265,000 for the benefit of the trade fixtures fittings and goodwill of the business simultaneous with an assignment of the existing leases and conditional on the transfer of the franchise. Plus stock at valuation.

Inventories:
An inventory of the trade equipment will be supplied to interested parties. Please note the extent of the equipment is a condition of the franchise.

EPC:
Awaiting EPC.

Viewing arrangements:
Strictly by appointment via Grant Higgs (01983) 640000 Grant.Higgs@GHtechnical.com Under no circumstances should any approach be made to staff as they will be unable to assist.
Tenure: Leasehold

Location Details:

72 Union Street, Ryde, IOW, PO33 2LN
25 High Street, Ryde, IOW, PO33 2HT

Location:
Both units are prominently located in the town centre and along the main leisure strip of Ryde. Benefiting from high footfall all year round, these premium locations complement each other. Ryde is the island’s most populous town, surrounded by densely populated residential areas. Ryde businesses also enjoy a significant increase in visitors throughout the now extending summer season, not least due to the fast foot passenger connections from both Portsmouth and Southsea via catamaran and hovercraft.

Leasehold Term:

Offers are invited in the region of £97,500 for the benefit of the trade fixtures fittings and goodwill of the business simultaneous with an assignment of the existing leases and conditional on the transfer of the franchise. Plus stock at valuation.

Listed by: Gully Howard Technical Ltd
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Sandwich
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