Cafes for sale in Northampton

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Adam Warren (Jan 2017)
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Leasehold Price: £97,000 Weekly Turnover: £4,000
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Business Description
City Business Brokers are please to bring to the market this recently refurbished, licensed business, serving all day food, together with coffee & cakes. An elegant interior with a range of sofas, tables and chairs and a lounge area in which to enjoy the evening with a cocktail or glass of wine.

Located in a popular food area of Northampton with excellent footfall and passing trade the business has already gained a loyal following. It offers a relaxed environment to enjoy good food, live music and a friendly atmosphere.

The premises includes a single fronted ground floor restaurant with cloakrooms and kitchen together with staff area to the rear. Currently laid out for 42 covers.

Trading from 9 to 11 through the week and midnight on Saturdays the business offers a full menu for breakfast, lunch and through the evening allowing patrons to relax and dine in comfort. The kitchen serves all day breakfast, burgers, tapas and a range of sumptuous desserts to enjoy at anytime of the day.

Currently run as a managed operation a change in circumstance means that the current owners can’t give the business the support and direction it needs, hence the sale.

The business is run by 3 staff, with support of casual labour as needed

Current turnover is ca £3,500-4000 per week.

Rent for the single fronted ground floor premises is £15,000 pa, there is 4 years left on a 5 year lease.

The business could be continued to run as a managed operation but in our eyes would suit more hands on management by someone who could work within the business

The business is offered with all fixtures and fittings ready to trade, (full list available on viewing) Offers are invited for the company to include all assets and goodwill on a cash free debt free basis.
Tenure: Leasehold

Leasehold Term: 4 years remain on a 5 year lease

Listed by: City Business Brokers

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