Spacious Licensed Cafe For Sale

Business description

This large cafe occupies a prime location in a shopping mall which lies at the centre of one of the regions busiest destinations.

The new owner will inherit a profitable business in excellent operational shape and well positioned to take advantage of the continuing renaissance in the region.

Its success is based on capitalising on its location by providing a full and varied value for money offering in relaxed surroundings and served in a friendly and efficient fashion.

The customer base is drawn from local residents,office and shop workers many of whom have been regulars over a number of years and the business also takes advantage of the significant levels of transient footfall enjoyed by the shopping centre.

The strength of the brand and the loyalty of the local customer base has enabled the current owner to introduce outside catering and takeaway services recently, initiatives which can be capitalised on by the new owner.

The owner is a reluctant seller but wishes to pursue other business interests however there is a strong staffing structure in place including a full time manager and assistant manager which will ensure a smooth handover overseen by the current owner.

As part of the new lease terms the landlord will fund businesses premises improvement up to the value of £15,000 which the current business owner is prepared to pass on to the new owner to underpin initial working capital requirement.

Property information

Property:

Leasehold

Lease terms:

Lease terms:Renewable Lease Protected by Landlord and Tenant Act
Current lease expires July 2018
Current Rent and Service Charge £42,000 / annum
Under the terms of the lease the landlord is committed to fund businesses premises improvement up to the value of £15,000 which the current business owner is prepared to pass on to the new owner to underpin initial working capital requirement.

Location:

This large cafe occupies a prime location in a shopping mall which lies at the centre of one of the regions busiest destinations.

Other information

Expansion potential:

The strength of the brand and the loyalty of the local customer base has enabled the current owner to introduce outside catering and takeaway services recently, initiatives which can be capitalised on by the new owner.
The opening hours of the shopping centre are to be extended imminently to cater for the increasing visitor numbers.

Support & training:

Full handover support will be provided. Existing staffing structure will also ensure continuity.

Reasons for selling:

The owner is a reluctant seller but wishes to pursue other business interests

Trading hours:

9:30am - 5pm 7 Days

Financing available:

Seller may consider flexible terms for appropriate buyer

Inventory / Stock value:

£3,000