Cafe And Take Away In City For Sale

Business description

Located in the heart of the City with a heavy footfall of passing trade. Well established business with fine reputation for serving quality food at reasonable prices. Currently operated under management and would benefit from being owner run.Mainly takeaway with little eat in trade. Capacity to serve up to 2,500 customers a day. Turnover y/e Feb 10£438,000. Ground floor site approx. 3,000 sq. ft plus Basement. Rent £62,726 pa.

Property information

Property:

Leasehold

Location:

Location
Busy prime site in the City with a heavy footfall of passing trade from the many surrounding offices in the district.

Business
A3 Café and Take Away currently focusing on the Take Away trade which represents the majority of the takings. The owners have created a small amount of seating with a view to improving the 'eat in' element of the business. The business has been established on this site since 2002 having benefitted from the vast experience in this field by the current owners. The business has built up a fine reputation for serving high quality food at reasonable prices, serving both hot and cold ready made and made to order menus with a capacity to serve up to 2,500 customers per day.

A fully operational website is included in the sale providing information about the company, contact information and available menus.

The business is operated totally under management with a wage bill of c£83,000 per annum.

Turnover for year ending February 2010 c£438,000 working on a gross profit of c40%. This GP is considerably lower than would be expected for this type of business which would typically work on c65%. At its height the business was achieving in the region of £800,000 per annum and would certainly benefit from being owner operated.

Hours
Monday to Friday: 6.30am - 4pm.

Premises
Corner site below an office block, comprising Ground Floor and Basement with a frontage of approx 50' in width with two entrance doors either end and office style windows in the centre.

Ground Floor: Approx. 3,000 sq.ft, well fitted with tiled flooring, high ceiling and painted walls. Self service area for both hot foods and cold display fridges with pay till at one end. Currently seating for 12 people at tables and chairs but this area is being expanded to accommodate more customers to eat in.

Equipment: 6 refrigerated self service food units, 2 open refrigerated display cabinets for drinks, 4 pot bain marie for hot food, espresso machine and two Panini machines.

Open plan kitchen is sited to the rear, tiled walls and floors. Equipped with 6 ring hob/oven, double fryer, stainless steel extraction system, stainless steel work tops, stainless steel clad walls in cooking area and charcoal grill.

Basement: Accessed via internal stairs leading to a fully equipped office with computers. Adjoining this office is a large preparation area with stainless steel work tops and walk in cold store. Stockroom.

Tenure
25 year lease commenced 2002 (Advised renewable within the Landlord and Tenant Act but unseen by Adams and Co.) Rent £62,726 per annum. Rates £27,000 pa.