Highly Popular Cafe In Derby For Sale

Business description

Advised annual turnover of £193,175pa (VAT £38.625)
Early viewing & interest highly recommended
Situated in the thriving city of Derby
Scope for further development
Regular & repeat custom
Genuine reason for sale
High footfall location
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well presented café which has been established circa 1970's and in the careful hands of our clients since 1976. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests and semi-retire. Since our client(s) took ownership of the business they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. However they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that the annual turnover currently runs at £193,175pa (VAT £38.625) with a gross profit of 74%, which is derived from the sale of breakfasts, hot and cold sandwiches, teas, coffees and daily lunch specials. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining: 15 years
Review: Every 5 years
Rent: £36,000pa

Living accommodation:

Well presented glass fronted property with highly visible advertisement signs, briefly comprising of: GROUND FLOOR Secure front entrance leading to: Open plan café dining area for approx 90 covers Front serving / display / payment counter with advertisement menu boards Rear fully fitted stainless steel kitchen with full extraction system, Designated wash/preparation areas Male & female toilet facilities BASEMENT 2x storage areas 1x secure office with seating for 2-3 FIRST FLOOR 2x large storage areas Male & female toilet facilities EXTERNAL Front courtyard with external dining for 32 covers

Location:

The cafe is situated in a highly desirable retail area in the city centre of Derby, Derbyshire. The business sits within a row of shops on one of the city's main access through roads which benefits from roadside communal parking. The cafe has a fine selection of neighbouring commercial businesses and retailers which draw shoppers and visitors to the area throughout the year. The business also benefits from the through road as there is a high number of commuters, visitors and workers who use the road on a daily basis. Derby is a hugely popular business and residential location due to its fine housing, good schools and NHS services, excellent central shopping facilities and easy road access. The business is ideally situated for access to Derby's road network and is less than 9 miles away from the M1 motorway making travelling and commuting very easy.