Centre Town Café Bar Amongst Modern Residential Flats For Sale

Business description

Contemporary modern cafe bar set amongst quailty residential student units, offices, adjacent main car park with footfall to high street and market place


> well established levels of trade, above £3000 p/w on split 70% & dry to 30% wet – closed 2 days
> 50c internal relaxed dining and bar with visual chef
> unique “new york” style town centre yard / patio – 8 tables (64)
> ideal for all day openings – mature professional day time custom with locals and student support during evening sessions
> nice friendly “lock up” business – ideal for branded fast food / takeaway
> 15 year protected renewable free of tie lease


A rare opportunity to aquire this lovely business and enjoy its relaxed trade profile offered at £75,000 leased freehouse assignment to include fixtures and fittings, goodwill plus s.a.v.


The thriving sustainable market & university town of loughborough is the centre of sporting occasions for the 2012 olympics and the host town to the japanese national team. A popular leicestershire location with ease of access to such leisure attractions as donington park motor racing circuit and motor museum, great central steam railway, bradgate park, the birthplace of lady grey, charnwood forest with its legends of robin hood makes this an ideal locale for tourism and then with its ease of access to nottingham east midlands airport and the m1, its popularity as a commercial centre is seeing strong and rapid growth and expansion. The business is to be found on wood gate adjacent the council owned beehive lane multi story car park which has been awarded a “safer parking award”. The business itself sits as part of a two block 6 story modern building part budget hotel with 20 ensuite bedrooms and plasma screen tvs and partly purpose built de-luxe student hall of residence with a capacity of 112 students within apartments ranging from 2 to 6 bedrooms. The main through fare from the multi story car park to the cattle market area which has a good selection of shops and cinema then onto pedestrianised market street which passes between the twin buildings with an outside patio for the business. Wood gate is the b5350 and joins the main a6 running from forest road.


Property description
A modern 6 story property which is part of bigger residential business’s which are located within twin buildings. The cafe bar is to the ground floor with outside drinking area and unrestricted all day public parking to its side along with parking for local offices. The 50 internal covers plus bar stools and standing are by way of a mix of fixed leather seating and light wood individual seats to assorted round and square tables set on stripped pine floors. Decor is to the contemporary mood with some floral modern wall paper and light painted walls. Large double glass doors open onto the patio area. The bar servery is made of stripped pine with stools set to. Bottle coolers are set into the back fittings. Trendy beers are dispensed from chrome beer taps. Beer cellar is behind the bar on ground floor. A visual chef provides further “theatre” and is well equipped to modern standards. Wash room facilites are to a very high standard inc ladies, gents and disabled facilities.

Owners accommodation
The business is a “lock up”.


Externals
As a “jewel in the crown” from the bar area is a pleasing “new york” style patio with a slabbed floor. 8 round timber tables are set within it, having large umbrellas . Wood and metal railings souround and it is flanked to both sides by walk ways and the tall twin buildings.

Premises licenses
We are advised that the business has a premises licence that allows opening of 11am through 1am ( alcohol ). A personal license will be required and our training associates can assist with this for you.
Bar open mon 10.30am - 4.00pm
tuesday to friday 10.30am - 11.00pm
saturday 9.30am - 1.00am

Food served
Serving breakfast... Saturday 9.30am - 10.30 am

Serving lunch... Monday to friday 11.30am -2.15pm
saturday 11.30am-3.30pm

Serving dinner... Tuesday to saturday 5.45pm-9.00pm


Tenure
We are instructed to offer the property and business for sale as an assignment of a 15 year private landlord lease which is completely free of all ties. Rent is £31,000 pa.

Services
We are advised that the business benefits from all mains connected with central heating by way of gas. Business rates payable of £12,000 p.a.

The business
The business has been owned by our clients since 2007 and was run as one of two business’s owned by our clients in the town. The other being assigned by ga-select in december 2011. Our client is retiring from the industry. Sales are running to circa £3.000 p/w on a sales split of 30% wet to 70% dry. You need to look past the accounts to get a true measure of this business’s potential. By using available hours which are currently not used and with a new energetic owner then we believe that sales of £350,000 (£7,000 p/w) are well within reach of this business bearing in mind the strength of its location.

This is a business offering fantastic potential to a new enthused owner and must be viewed to be fully appreciated.

Accounts information will be made available to interested parties after viewing.

Property information

Property:

Leasehold