Leasehold Cafe/Restaurant For Sale

Business description

Bag a Business is delighted to be able to offer to the market this quality cafe/restaurant, situated in the popular and growing town of Syston. Ray's Tray has been in the careful hands of our client since 1989, during which time he has refurbished the trading area throughout to the high standard it enjoys today. The business is only now being offered to the market due to his strong desire to retire. The business's prominent trading position produces high levels of footfall, which in turn generates all year round trade from local and new customers alike. The business currently has a turnover in the region of £201,000 per annum achieving a gross profit of 56%, derived from its 90 cover capacity. The trading area has been refurbished in a modern and stylish way with an eye for detail. Our client has invested heavily in the most up-to-date catering equipment, further adding to the desirability of this business. Ray's Tray is currently being run at a pace to suit our client giving the new owners tremendous scope to increase the turnover and profits of the business, perhaps by opening in the evenings. The current business and premises would happily work as a cafe during the day and a restaurant in the evenings, as the only competition in the town are Indian and Chinese takeaways. Bag a Business recommends early viewing to appreciate the quality and future potential of this cafe/restaurant.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 25 years
Remaining length: 6 years
Review every: 5 years
Rent: £19,000 per annum

Living accommodation:

PROPERTY DETAILS Large, ground floor, brick built arcade unit, briefly comprising: Licensed Restaurant GROUND FLOOR Front entrance leading to - Open plan cafe area Ceramic tiled floor Quality tables, chairs and stools Total of 90 - 100 covers internal and external Modern and stylish decor throughout Suspended ceiling with halogen lighting Fully fitted commercial kitchen with: Full canopy extraction Dumb waiter (electric micro lift) Grill Microwave ovens Coffee machine Dishwasher Main kitchen, storeroom and 3 W/Cs upstairs EXTERNAL Car parking Courtyard within the arcade Alfresco dining area

Location:

Ray's Tray is ideally located, in a prime trading position, within the busy shopping arcade of Syston in Leicester. Syston is a busy and thriving town currently enjoying large investment in quality and affordable housing and recreational projects. The area also boasts good schools and all the major amenities. Syston has strong road links via the A46, A607 and A6 trunk roads.

Other information

Trading hours:

Mon - Thu & Sat: 9.30am - 5.00pm Fri: 9.30am - 5.30pm