Cafes for sale in Newmarket

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Mrs Herbert (Nov 2017)
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Leasehold Price: £90,000 Turnover: £175,000
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Business Description
BUSINESS
Hilton Smythe welcomes to the market BLD Café Restaurant, which was established by our client in 2012, our client is now looking to sell due to genuine family reasons.

The fully licenced café/restaurant serves breakfast and lunches. The lease permits the shop to be open until late into the evening and therefore could serve dinner also. As well as breakfast and lunch the café serves Lavazza coffee, cakes, beers, wines and spirits.

BLD has a Facebook page but no website, this could be developed to increase exposure of the business and hours could be increased to catch the stable hands for breakfast before they go to work in the morning and also open longer hours in the evening for a dinner service.

Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION
BLD Café Restaurant is located in the racing town of Newmarket, Suffolk within The Rookery Shopping Centre.

The shopping centre boasts a range of other shops and stores such as O2, Clarks, 2 major travel agents, Argos, Poundland, Superdrug plus many more major chains and independent shops, that bring in a high footfall. The footfall increases dramatically on race days.

There is parking in the local car park close by with a 2 hour stay at just 60p.

PREMISES
The premises is entered directly off the main shopping centre concourse and into the main café/restaurant area.

Within this area there are 13 tables with 46 seats, display menu board, wood flooring and display drinks fridge.

Main bar area has a double display fridge, coffee machine, ice maker, hot water machine, till, microwave, storage cupboards, drinks fridge, further fridge and a door to the kitchen.

The kitchen has a 5* hygiene rating and is a stainless steel industrial kitchen comprising upright fridge, under counter fridge, griddle, double deep fat fryer, Bain Marie, dishwasher, microwave, double sink and door to the rear lobby.

The rear lobby also comes off the main café area and has a door to the rear doors.

There are also two toilets and a door to the storage room, which has 2 freezers and a further drinks fridge. The ladies WC doubles up as a disabled WC and there is a separate gents WC.

TENURE
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 15 years.

Remaining lease length: 10 years as of 2017.

Rent: £32,500 per annum.

HOURS
The business opening hours:

Monday-Friday: 8am - 5.30pm

Saturday: 8am - 5.30pm

Sunday: 9am – 4pm

The lease permits earlier and later opening hours if required.

STAFF
The business is run and managed by our client, with the help of 4 part time and 1 full time member of staff.

FINANCIAL PROFILE
BLD Café Restaurant generated an advised turnover of circa £175,000 as of the 2016 accounts.


Tenure: Leasehold

Listed by: Hilton Smythe
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14440 G
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