Daytime Cafe In North Hampshire Town For Sale

Business description

Opened in June 2007 this refurbished, 32 cover licenced daytime Café is very well presented. It operates from 6.30 am to 4.00 pm Monday to Friday and 7.00 til 4.00 on Saturday and Sunday. The previous owners operated a sandwich bar from the premises but following a succesful Change of Use application, the Class Use is now A3. The traditional menu offers All Day Breakfasts, burgers, toasted sandwiches, freshly filled sandwiches and rolls, filled jacket potatoes and Bean-to Cup coffees. A Premises Licence is also in place offering scope for restaurant use and evening trade. Popular with local employees, residents and passing trade. Declared takings of £2,500 per week. Rent only £250 per week. 12 year lease.
The Freehold title to the ground floor business premises is also available for an additional £180,000 by separate negotiation with the Landlord.

Property information

Property:

Leasehold

Location:

LOCATION:
The business can be found in a busy commercial suburb of Farnborough. Approximately 30 miles south west of London, Farnborough is close to the Surrey and Berkshire borders. North East Hampshire is undergoing major regeneration. The town makes up the larger part of the borough of Rushmoor, situated in the heart of the Blackwater Valley. There are good communication links to other parts of the UK with the A3, M3 and M4 motorways close by. Farnborough's main line station offers frequent services to London (Waterloo). North Camp station offers a direct link to Gatwick Airport. Also nearby is Farnborough Aerodrome, a business aviation centre and major employer. A number of internationally, well-known companies have chosen to locate within the Borough including British Aerospace, Nokia, Thomson Directories, IBM, Zurich Municipal, NTL, CSC, Boots and BOC. The desirable residential areas of Farnham and Guildford are also nearby. Rushmoor provides an excellent environment in which to live, with a wide choice of leisure facilities, forest walks, good quality housing and easy access to London, the New Forest and the South Coast. The Blackwater Valley and Blackwater Canal offer enthusiasts angling, water sports, golf, cycling and horse riding. In addition there is the well-equipped Alpine Snowsports Centre in Aldershot which offers three dry ski slopes. There is a wide choice of indoor entertainment with the nearby Princes Hall a venue for a wide variety of entertainment including music, dance, comedy, mainstream stage shows and rock concerts. The population of the borough is 90,000 with access to an available working population of 1,000,000 within 30 minutes travel time radius.

BUSINESS

Opened in June 2007 this refurbished, 32 cover licenced daytime Café is very well presented. It operates from 6.30 am to 4.00 pm Monday to Friday and 7.00 til 4.00 on Saturday and Sunday. The previous owners operated a sandwich bar from the premises but following a succesful Change of Use application, the Class Use is now A3. The traditional menu offers All Day Breakfasts, burgers, toasted sandwiches, freshly filled sandwiches and rolls, filled jacket potatoes and Bean-to Cup coffees. A Premises Licence is also in place offering scope for restaurant use and evening trade. Popular with local employees, residents and passing trade. Declared takings of £2,500 per week.

The Freehold title to the ground floor business premises is also available for an additional £180,000 by separate negotiation with the Landlord.

BUSINESS PREMISES:
(all sizes are approximate and should be considered 'nominal'.)

A new, fully glazed, maintenance-free, black anodised, aluminium shopfront has been installed. The frontage measures approx. 8.9m (31'4") wide with double doors into the café. The fully air conditioned premises are divided into four areas; the customer seating area measures approximately 3.03m (10ft) wide by 9.7m (31'10" deep). To the left hand side is the customer counter with preparation area behind measuring 3.2m (10'5") wide by 3.4m (13'42) deep.

BUSINESS PREMISES (contd):
(all sizes are approximate and should be considered 'nominal'.)

The kitchen measures 3.62m (11'10") by 2.47m (8'1"). The fourth and final area comprises the separate, newly fitted mens' and ladies' toilets. A fully-compliant extraction system has been installed. Completely refurbished, redecorated with a non-slip tiled floor laid throughout the premises. The café is illuminated via a mix of contemporary spotlights and down lights. The equipment all purchased outright includes a chest freezer, 4-ring hob, griddle, two deep-fat fryers, 2 grills, 2 microwave ovens,
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

OUTSIDE:
Trading on a busy road that divides the residential and commercial area of the Town, the café has a wide frontage set back from the road allowing room for 12 additional covers in warm weather. There is free on road parking.

TENURE:
The premises are secured on a renewable, fully repairing and insuring 12 year lease which commenced in 2009 at a current annual rent of £13,000. There are 3-yearly rent reviews with the next review due in 2013.

RATES:
The rateable value of the business premises is £, with rates of £ payable in 2011/12.

NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:
The Vendors advise weekly takings of between £2,000 and £2,500. Selected at random, Adams and Co verified that till receipts excluding VAT showed sales of £2,184 during the week 14th to 20th of November 2011. The Vendors are happy for any prospective purchaser to spend several days in the business to verify takings.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday to Friday 06.30 to 16.00
Saturday 07.00 to 16.00
Sunday 08.00 to 14.00

STAFF:
The business is operated by two brothers who employ a part-time assistant when needed.

STOCK:
The vendor informs us that the value of the stock is approximately £500

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
The Freehold title to the ground floor business premises is also available for an additional £180,000 by separate negotiation with the Landlord.

The Vendors wish to emigrate creating an exciting opportunity for a hands-on owner to acquire a busy, traditional daytime café and build on the solid foundations laid down by previous operators.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.