Superbly Presented Cafe In Plymouth For Sale

Business description

SUPERBLY PRESENTED CAFÉ - DEVON
Large modern shopping parade in Plymouth
Huge potential to increase trade and profits
Early viewing highly recommended
Advised weekly turnover of £1,000
Scope to increase opening hours
Low annual rent of £4,000
LEASEHOLD


Business History

Meridian Business Sales are pleased to offer to the market this well appointed café which has been established over 10 years and has been in the careful hands of our clients 2008. The only reason this excellent opportunity is being offered to the market is due to our client's unfortunate ill health. During our clients stewardship they have invested time and money in the business and premises to the point that it is in full walk in condition. Our client advises us that the turnover is currently in the region of £1,000 per week with a healthy gross profit margin of 65%. Additional income of around £5,000 per year is generated by a small amount of outside catering. At present the business is only open from 8.00am - 3.30pm Monday - Friday. There is enormous potential to increase the turnover and profits by extending these opening hours to include weekends and possibly evenings or by developing the outside catering further as there is a huge demand in the area. The business enjoys a strong reputation within the local community and as such enjoys a high level of regular and repeat trade. This is a superb opportunity to purchase an immaculately presented business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 3 years
Remaining: 2½ years
Rent: £4,000pa

Location:

This extremely well presented café is located in a busy shopping parade in Plymouth. It is surrounded by a wealth of complimentary shops and businesses which include a chemist and doctor's surgery which are good for business as people buy a tea or coffee whilst they are waiting for a prescription or appointment. Plymouth which has a population of 250,000 is becoming an extremely desirable place in which to live or run a business due to the numerous multi million pound regeneration projects happening all over the city, particular on the waterfront. Over the next few years it is planned that an extra 33,000 homes will be built as well as commercial premises. It is home to numerous schools, has some excellent leisure facilities as well as a world renowned university which is one of the largest in the country. Plymouth enjoys excellent links with an airport, coach terminus and a main line railway station with regular services to London and beyond. The main A38 runs through the city which connects to the M5 motorway at the nearby city of Exeter.

Premises details:

Well presented and maintained café located within a modern busy shopping parade, benefiting from front and rear security shutters, briefly comprising of:

Secure entrance leading to well presented café area with 12 covers

Numerous serve over glass fronted display cabinets containing delicious products made on the premises

Menu advertisement boards

Fully fitted kitchen area

Preparation room

Staff changing room

Toilet

Covered delivery area