Cafes for sale in Bournemouth

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Licensed Cafe & Restaurant + Accommodation, Dorset

Bournemouth, Dorset, England

  • Leasehold Price: £199,950
  • Annual Turnover: £239,000
  • Annual Net Profit: £75,000
Seller Reference: 6361
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Business Description
 
 
 
 
 
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Seller Reference: 6361
Request Details
Business Description
High Street Position
Close to popular entertainment venues and tourist hotspots
Annual Turnover £239,000
Seating For 92 Split Over Two Dining Areas
Accommodation With 4 Double Bedrooms
Closed On Mondays
Handover Period Offered
Enviable Reputation & Online Reviews
5* Hygiene Rating
Would Suit A Variety Of Cuisines
EPC - D
REF 6361 – Leasehold Licensed Cafe & Restaurant + Accommodation, Dorset

Blacks Brokers are pleased to bring to the market this leasehold licensed cafe & restaurant with accommodation located in a bustling and much sought-after area of Bournemouth, Dorset.

INTRODUCTION

Cafe Culture has been trading on Christchurch Road since 2010. The business was established by our client after seeing a superb opportunity for a licensed café/restaurant in this area of Bournemouth. The business has become very well known in the area with a superb reputation and has been awarded a 5* hygiene rating. Our client has also ensured that the business has gained a large base of regular customers along with excellent online reviews noted on Google, Facebook and Trip Advisor. The business is free of brewery tie and offers event hosting for events such as weddings, birthday parties, funerals and so on. There is also a huge amount of trade generated from occupying this prime high street position.

LOCATION

Located on Chichester Road, in the centre of Boscombe between Bournemouth and Chichester, the business occupies a prime high street position. This area is well linked by the A35 and A338 with parking available close by and excellent public transport links. Boscombe Beach is within walking distance, this is a popular beach throughout the year for both locals and tourists. Sovereign Shopping Centre, The o2 Academy and Boscombe Bus Station are all close by.

REASON FOR SALE

The business is only being offered for sale as our client underestimated the demand for the business and it has now become of a size that would suit a team of people rather than a single hands-on owner operator. Our client is willing to stay on at the business for a period of time to ensure smooth handover and offer continuity to the client base.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is nine years and began in 2016 at a cost of £336 per week. This includes the four bedroom accommodation positioned within the first floor of this impressive property.

BUILDING LAYOUT AND DESIGN

Cafe Culture operates from the ground floor of a three storey, mid-terraced property. The accommodation included in this lease is positioned within the first floor. Cafe Culture is well presented with large signage and branded canopy covering a glazed frontage. Inside, the main restaurant/café and servery area offers seating for 42 customers with the service counter on the right. This leads directly to the kitchen and food preparation area. Beyond the main seating area and kitchen there is a pretty patio area with seating for 10 customers and toilet facilities. To the rear of the property is a private, enclosed garden and larger, secondary patio area offering seating for a further 42. The lower ground floor is currently utilised for storage. Each area is finished to a high standard with good quality fixtures and fittings in place.

On the first floor is a well presented owners accommodation. This comprises of four double bedrooms, a kitchen/dining room and bathroom – whilst this is nicely presented, our client intends to redecorate the accommodation prior to the sale to give a fresh, neutral finish for a new occupier.

STAFF

The business is currently operating with four members of staff in employment in addition to our client working on a full time basis.

FINANCIAL DETAILS

Cafe Culture has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £239,000 with net profit of £75,000. Please note this is based on Tuesday – Sunday opening only.

BUSINESS RATES

The rateable value is £5,080 per annum plus accommodation Council Tax of £1,330. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is well established with a superb reputation. There is plenty of scope to develop the business further with the introduction of a delivery service and the potential for outside event catering with the addition of more staff. The business could also benefit from Monday opening. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Air extraction system

Turbo oven

Double pizza oven

Gravity slicer

BBQ grill and griddle

Double pan deep fat fryer

2 x Microwave ovens

6 Hob gas cooker with oven and grill

Panini toaster

3 x Toasters

Stainless steel food preparation unit with 4 below counter fridges

3 Spout coffee machine

Coffee bean grinder

Chilled display counter unit

6 Door under counter drinks chillers

Computerised till system

Range of fridges and freezers
Trading hours:
Mon - Closed
Tue - 8am - 10pm
Wed - 8am - 10pm
Thur - 8am - 10pm
Fri - 8am - 10pm
Sat - 8am - 10pm
Sun - 8am - 10pm
Tenure:
Leasehold
Location Details:
Bournemouth
Leasehold Term:
£336 Per Week
Listed by:
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