Cafes for sale in Cumbria

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LICENSED CAFÉ BAR IN PENRITH, CUMBRIA

Cumbria, England

  • Leasehold Price: £70,000
  • Annual Turnover: £228,000
Seller Reference: MA1228
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Business Description
 
 
 
 
 
 
 
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Seller Reference: MA1228
Request Details
Business Description
• Popular and busy café bar and takeaway serving breakfast, lunches and snacks
• Historic character premises providing charming atmosphere
• Inside seating for 42 plus outside seating on pedestrianised thoroughfare
• Prime town centre location
• Edge of Lake District market town
• Turnover around £228,000 net of VAT
• Leasehold premises

The Business
The Café opened in 2005 and is situated in the middle of Penrith, a busy market town on the edge of the Lake District. Opening hours are 9.30 am to 5 pm Monday to Saturday, which could be extended to include evenings and Sundays if required. Owners, Phil and Penny Wood run the café with their team of dedicated staff. It has become a Penrith institution over the past 15 years, serving homemade hot and cold meals, home-baked cakes and 'the best coffee in town. It has a premises licence (10am to 12 midnight 7 days per week). Proprietors work part-time and currently employ 3 full-time and 3 part-time staff. Turnover to 31 July 2019 was £228,598 net of VAT. Full accounts will be made available to bona fide applicants, normally after viewing. Support to buyers in terms of training and advice will be given as required.

Location
Penrith is a market town located on the north east fringe of the Lake District with a population of around 16,000 and catchment population of around 45,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road and has a Station on the west coast main line linking London and Glasgow. Major retailers in the town include Argos, Morrisons, B & Q, Booths, Sainsburys, Aldi, W H Smith, Boots and Sports Direct. The Narrowbar Café is situated in the ‘Narrows’ on the main shopping street in the town centre.

The Premises
The Narrowbar Café trades from historical two storey terrace premises with entrances front and rear. The ground floor has a Seating Area with tables and chairs for 24 covers, a counter and servery and Ladies and Gents Toilets. Overall dimensions are 3.79m width by 12.86m depth. The first floor has a Seating Area with tables and chairs for 18 covers, a Store and fully fitted Catering Kitchen which includes a non-slip floor cover, 6 ring gas range, extractors, stainless steel worktops, sink units, microwaves, fridge and freezer. License for tables on rear pedestrianised thoroughfare.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
The premises are held on a 3 year renewable lease from 10 August 2019 at a rent of £14,000 per annum.

Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease.

Costs
The purchaser/ ingoing tenant will be expected to pay the landlord’s and lessees reasonable legal costs in connection with the assignment of the lease. Each party will bear it’s own costs in connection with the transfer of the business.

Rates
Description in list: Café & Premises
Rateable Value: £11,250

The property qualifies for 100% small business rates relief.
Tenure:
Leasehold
Listed by:
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