Popular Diner & Coffee House - Buckinghamshire

Industrial Estate Trading Position
**Business is Currently Open and Trading**
Latest Year End Accounts 31st December 2018
Annual Turnover (Year End 31.12.2018) £119,622
Gross Profit (Year End 31.12.2018) £45,707
Further Financial Info Available After Viewing
Ample Free Parking Onsite
Large Inside Seating Area For 72 Covers
Superb Online Reviews
Large & Loyal Customer Base
Scope To Introduce Deliveries
Scope To Expand Opening Hours
Could Suit A Variety Of Cuisines
EPC - D
REF 6890 – Leasehold Diner & Coffee House

Blacks Brokers are pleased to bring to the market this leasehold diner & coffee house located within the highly sought after industrial area of Gatehouse Way, Aylesbury.

INTRODUCTION

Gatehouse Diner was established by our client over ten years ago to meet local demand for a reasonably priced diner in this densely populated commercial area. The diner is very well known, it has a strong base of regular customers in place and no immediate local competition. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Facebook. Gatehouse Diner has a website in place and strong social media following.

LOCATION

Based in the thriving town of Aylesbury, the business occupies a prime location on one of the towns largest trading estates. It is surrounded by offices and business buildings which provide a large and loyal customer base. This area is very well linked by the A41 with strong public transport links and parking is available immediately outside the business.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's family commitments and lack of time to dedicate to this busy diner, it is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2011 at a cost of £346 per week.

BUILDING LAYOUT AND DESIGN

Gatehouse Diner operates from a spacious single storey commercial unit with large forecourt area to the front. The diner has large branding and signage on display the main entrance which is partially glazed. Inside, the main dining area is well presented and offers seating for seventy two. The servery is positioned to the side with large, open plan kitchen to the rear. The building has been maintained to a high standard and all fixtures and fittings are in good working order.

STAFF

The business operates with two members of staff supporting our client and partner working on a full time basis.

FINANCIAL DETAILS

Gatehouse Diner 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 £119,622 and gross profits of £45,707. Full financial information can be made available after viewing.

BUSINESS RATES

The business has a rateable value of £6,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

Gatehouse Diner is well established, and our client has secured a strong customer base and excellent reputation within this area. There is plenty of scope to develop the business further with the introduction of a delivery service, longer opening hours and a new menu. 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:
A full list of fixtures and fittings can be made available on request