The business has an alcohol license and generates sales of c. £180,000 per year, split approximately 70% food sales and 30% wet sales. Sales peak during student term times and also on market day, twice a week. The business is marketed predominantly via social media channels, having developed a strong social media following and has a clean, contemporary website.
The premises covers an area of approx. 2,700 square feet and consists of a 40 seat eating area inside and additional picnic garden, seating 36, with outdoor bar. There is also an open plan kitchen, a back food preparation area and a large cellar. Above the café is a spacious 2 bedroom apartment, for staff use or available for sub-let. The lease is £25,000 per annum (plus rates of £6,897 per annum), with 13 years remaining and rent reviews / break clauses every 3 years. The lease also allows for the tenant to purchase the property after a year, if desired.
In addition to the owners who both work in the café full time, there are 2 part-time members of staff who the owners believe would be keen to stay with the business when it is sold.
There are substantial growth opportunities, including developing an evening menu and potentially an outside catering service. The current owners have enjoyed growing the business to a turnover of c £180,000 and yielding a profit before owners drawings of around £30,000, but the commitments don’t allow the family lifestyle they are seeking and hence the sale. The guide price for the assets and goodwill of the business is £65,000 which will include equipment, fixtures and fittings of around £15,000. The vendors will support the buyer in sensible handover arrangements.
In the first instance please do not try to contact the business direct, but express interest via www.SellMySmallBusiness.co.uk
Number of bedrooms: 2
Accommodation Details: 2 Bedroom apartment
13 years remaining and rent reviews / break clauses every 3 years. The lease also allows for the tenant to purchase the property after a year, if desired.
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