| (REF: 9429GL) Cafe & Restaurant For Sale |
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| Seller Reference: |
9429GL |
| B4S Reference: |
15053 |
| Asking Price: |
£70,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£104,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Gloucestershire, United Kingdom |
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Advent Business Sales is pleased to have been instructed to offer to the market this very well established and popular café/restaurant.Founded over 8 years ago and owned by the present vendor for over 5 years, the café/restaurant is only now being reluctantly offered for sale to enable him to concentrate on his other business interests.Our client provides an excellent selection of hot and cold foods which are freshly prepared on site including:• Sandwiches and baguettes• Jacket potatoes• Panini’s• Omelettes• Breakfasts• Seafood• Salads• Burgers• Veggie dishes• Grills• Full dinners• Pancakes• Desserts• Ice cream• Hot and cold drinksThe business, which has 60 covers has 3 full time staff including the vendor and is fully equipped for purpose including:• 4 ring gas cooker with built in oven• Stainless steel extraction unit• 2 x 4 slice toasters• Twin deep fat fryer• 9 pan Bain Marie• Griddle• 2 microwaves• Till• Lincat hot water boiler• Bolero coffee machine• Dishwasher• 2 upright freezers• 4 door under counter fridge• 1 upright fridge• 1-5m open soft drinks chiller• 1 chest freezer• Red bull chiller• Stainless steel clad wallsTurnover is currently circa £2,000 per week. The vendor believes that a focused new owner could bring this back to £4,000 per week which was the level previously achieved.We are advised that stock at cost is approximately £2,000.REF: 9429GL
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Property: |
Leasehold |
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Lease Terms: |
TENURE: LeaseholdOriginal lease: 9 yearsRemaining lease: 1 yearsReview every: 5 yearsRent: £14,500We are advised that the annual business rates are currently: £4,000 |
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Living Accommodation: |
No |
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Location: |
The café/restaurant is ideally located on a busy and popular parade in the affluent town of Cheltenham in Gloucestershire. There are numerous other small complimentary businesses on the parade who all contribute in attracting high footfall levels to the area.Nearby in Cheltenham town centre are many large multi national concerns such as Marks and Spencer, BHS, Primark, Littlewoods and many more.Parking is pay and display in any one of the numerous car parks around the city centre. |
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The business offers excellent scope to increase both sales and profits by:1. Increasing the low prices currently charged2. Having a bread oven and so offering fresh bread for sale3. offering a takeaway delivery service to the many nearby offices and businesses4. applying for an alcohol licence so they be offered for sale with lunches5. offering gluten free options |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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