Popular City Centre Cafe And Restaurant In Northampton For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular city centre café, restaurant and bistro, which was established by our client in 1996 and is only now being placed on the market due to his wish to retire. The 40-cover café generates a turnover in the region of £93,000 per annum with a gross profit of 72%, derived from the sale of a range of hot and cold food and lunchtime baguettes and burgers to take away. Café Morandi is popular for breakfasts and lunches and boasts an enviable reputation. There is a courtyard area to the rear of the premises suitable for up to 100 covers. A new owner could increase turnover by opening in the evenings and perhaps Sundays, when there is free parking in the local car parks. There is also an alcohol licence in place which is currently not utilised. There is also potential to offer lunchtime deliveries of baguettes and sandwiches, for which we believe there is a demand. We feel this represents an ideal opportunity to acquire a thriving city centre café/bistro/restaurant with scope for future growth. Early viewing must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 10 years
Remaining: 5 years
Review: Every 5 years

Leasehold rent:

£13,000 per annum

Location:

Café Morandi is ideally located in the heart of Northampton city centre on the popular Gold Street. The cafe is surrounded by a wealth of complementary shops and businesses and just a short walk away from the town hall, theatres, old courthouse, the shoe museum and the main tourist areas. The business benefits from ample car parking in the areas and the bus station and railway station are just a short distance away. Gold Street has recently undergone a £6million refurbishment, which has improved access and boosted footfall. The area is easily accessed being approximately 4 miles from junction 15 of the M1 motorway.

Premises details:

Ground floor lock-up city centre 40-cover café with rear courtyard area. Briefly comprising:

Ground Floor
• Main café/restaurant area with modern décor and 40 covers, open servery area with serve over counter, table top freezer, cooling tray/chiller, drinks chiller, coffee machine, coffee grinder, 2 x blenders and cash register.
• Commercial kitchen with sandwich toaster, 2 x toasters, 2 x bun toasters, 4 x microwave ovens, under counter refrigerator, upright refrigerator, dishwasher, upright freezer, 2 x valentine fryers, griddle, hot cupboard canopy and extractor system, single drainer stainless steel sink
• Rear store room with 2 x upright refrigerators, upright freezer, stainless steel table

Lower Ground Floor
• Store room/office with sealed floor
• Store cupboard with shelves
• Ladies WC
• Gents WC
• Fridge and freezer room with 3 x upright freezers, 1 upright refrigerator and 1 x chest freezer
• Storeroom with shelving

External
• Rear courtyard, could be used as additional seating area for up to 100 covers

Business Operation

Trading hours:

Mon - Sat: 9.00am - 5.30pm
Sun: Closed
Scope to open evenings and Sundays