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Newly Fitted Licensed Cafe, Bistro & Cakery -Rugby

Rugby, Warwickshire, England

  • Leasehold Price: £69,000  Price Reduced arrow_drop_down
  • Annual Turnover: £33,847
  • Annual Gross Profit: £23,876
Seller Reference: 6586
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Business Description
 
 
 
 
 
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Seller Reference: 6586
Request Details
Business Description
Established & Newly Fitted 2016
Latest Accounts To 30th September 2017
Annual Turnover £33,847
Gross Profit £23,876
Accounts Available Upon Viewing
Owner Operated Without Staff & Low Rent For Location
Lease to 2022 with Break Clause 2019 / Will Extend
Highly Desirable Location With Private Parking
Established & Newly Fitted 2016
Very Well Equipped / Excellent Reputation
Free Customer Parking Nearby
Huge Potential For Delivery Service
Scope To Introduce Evening Opening
Closed Sundays & Mondays
EPC - D
REF 6586 – Leasehold Licensed Cafe, Bistro & Cakery

Blacks Brokers are pleased to bring to the market this leasehold licensed café, bistro and cakery located a busy and much sought-after area of Rugby, Warwickshire.

INTRODUCTION

Three was established by our client in 2016 after a through refit of this impressive shop. The business is unlike any other businesses in Rugby, either in look or in terms of what is offered with a stylish and contemporary feel and a range of high quality food and drink on offer. The business has an alcohol licence in place and a late trading licence. Our client has also introduced private dining and can cater for an array of events from birthdays to baby showers and other celebrations. Three has a superb reputation and excellent online reviews are noted on Google and Trip Advisor.

LOCATION

Three is positioned on a busy main road that leads directly into Rugby town centre. This area is densely populated both residentially and commercially with neighbouring businesses including a solicitors office, independent retailers and large multiples including BetFred and Subway. The area is well linked by the M6, M1 and M45, there are good public transport links in place and free parking is available in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator. However due to the demands of our client's other business interests being higher than anticipated, the business is offered for sale and 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 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 six years and began in 2016 at a cost of £152.88 per week.

STAFF

The business is currently operating with our client only in employment.

FINANCIAL DETAILS

Three is a relatively new business with plenty of potential for further growth. We are advised that the business currently has annual turnover of £33,847 with gross profits of £23,876. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies and excellent trading position and was recently refitted before opening in 2016. There is plenty of scope to develop the business further with the introduction of deliveries and takeaway for local businesses. The business could also concentrate on the marketing of evening trade to drive forward private event hire and parties. 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:
Lights & Shades

Tables & Chairs

Counter

Fully Equipped Kitchen

Till

Coffee Machine
Trading hours:
Mon - Closed Tue - 9.30am - 3pm Wed - 9.30am - 3pm Thur - 9.30am - 3pm Fri - 9.30am - 3pm Sat - 9.30am - 3pm Sun - Closed Licensed To Sell Alcohol From Mon - Sat - 11am - 10pm & Sun 11am - 4pm
Tenure:
Leasehold
Is accommodation included?:
Three operates from the ground floor of a large, mid terraced property within a parade of shops. The business has its branding displayed on signage above a fully glazed frontage. Inside, the main dining area offers seating for around twenty and is presented to a very high standard with wooden flooring throughout, matching bespoke wooden servery and stunning lighting and décor. There is a commercial kitchen to the rear of the dining area which is fitted with excellent quality equipment. To the back of the property is a private courtyard and private parking for two vehicles.
Location Details:
Rugby
Leasehold Term:
£152.88 Per Week
Listed by:
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