Cafes for sale in Leamington Spa

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Licenced Cafe/Restaurant Located In Leamington spa

Leamington Spa, Warwickshire, England

  • Leasehold Price: £49,950  Price Reduced arrow_drop_down
  • Annual Turnover: £150,000
Seller Reference: 2329
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Business Description
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Seller Reference: 2329
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Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Café & Restaurant which is located in the highly desirable and affluent town of Royal Leamington Spa. The premises has been a café for many decades and has been in the careful hand of our clients since 2001 and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is very much owner operated and employs the help of 1 full time and 2 part time members of staff and has an annual turnover of circa £149,769 net of vat. Simons place serves a breakfast menu until midday, along with a full lunchtime menu to include daily specials. Thursday, Friday & Saturday they open of an evening where you can choose from their a la carte menu. The restaurant is fully licenced so you can enjoy your meal with beers, wine, spirts, soft drinks or you can have tea or specialist coffees. The restaurant has built a fine reputation for serving freshly prepared food to order using only the finest produce. We believe that there is further potential to increase trade should you wish to by extending upon the current opening times and by maybe joining some of the online delivery portals such as Just Eat & Deliveroo. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by. This is a superb opportunity to purchase an established business that still has further growth potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Location Details:
This respected Café & Restaurant is located in Royal Leamington Spa. The business sits within a prominent and highly visible trading position with good parking facilities and is adjacent to a new housing development which is soon to be finished.
Leasehold Term:
Original term: 10 years Remaining: 4 ½ years Rent: £9,000 pa Business rates: zero
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