Asking price: £59,950

Sales revenue: < £200k

Net profit: < £100k

Fixtures value: £5,000

Stock value: £500

Business description
Busy centrally located traditional cafeteria serving all day breakfasts, lunches, grills, snacks and sandwiches, all available for eat in or take away.
We have a very good reputation for serving reasonably priced tasty food and have loyal customer base as well visitors to the city.
The cafeteria has just been decorated and is in excellent order throughout, at present the cafe has a fifties diner theme.
Fully fitted commercial kitchen, secure storage area and customer toilet.
Inside seating for 28 with additional seating outside for a further 12. (Brand new aluminium tables and chairs)

Years established: 8 years

Employees: Husband and wife and one part-time.

Trading hours: 8.00am to 2.30pm, Monday to Saturday.

Property: Leasehold

Lease terms
The business is being sold with 20 years remaining on a secured lease. Current rent is £10,000. Next review in 2012.

Location
The cafeteria is situated twenty yards off the main street and is only one minutes walk from four busy car parks and the bus and railway stations.
We have a very high volume of footfall due to us being on a busy pathway to the city centre.

Expansion potential
As the business is presently run on very easy hours, just 6.5 hours a day, business could be increased by opening earlier in the morning to catch people on their way to work, (building trades etc). Also being situated in the city centre delivering menus to nearby offices and shops could increase turnover.

Competition / Market
Although there is a coffee bar nearby,(selling cappucinos, lattes, panninis etc) we are the only cafe of our kind in the vicinity.

Support & training
Vendor would be happy to assist in any training and give advice to new owners.

Reasons for selling
Business being sold due to ill-health.