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BUSINESS REFERENCE : 10286 / RightBiz LEASEHOLD CAFE FOR SALE IN BRISTOL | | | | | | Cafe Bedminster, Bristol, T/O: £62,000 GP: 70% approx. Large cafe with space for at least 30 covers. Scope to develop turnover. Prime trading position Leasehold: £29,950 + SAV | | | BUSINESS LOCATION: | Bristol Avon UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £29,950 + SAV | ANNUAL RENT: | £14,000 | | | | | | | | | | | BUSINESS DETAILS: | Location
Margo's Cafe is ideally situated in a parade of shops on the pedestrianised high street of Bedminster in Bristol. There are several pay & display car parks in the vicinity. Trade is drawn from the high levels of local footfall that utilises the town centre as well as the many shops and offices located throughout East Street. There is a great deal of redevelopment in the area with new housing developments being created as a result of the desirability of Bristol and its surrounding suburbs. The business is just 2 miles from Bristol city centre. Bedminster benefits from the bustling Parsons Street railway station and the A38 making it is easy for shoppers to visit the area and tourists to enjoy the Tobacco Factory theatre.
Business History
Bag a Business is delighted to offer for sale this splendid cafe that is situated in a prime trading location in the developing town of Bedminster in Bristol, Avon. The business was originally established by our clients in 2004 from empty premises and they have quickly developed a healthy turnover of £62,000 per annum with a gross profit of 70%. Margo's Cafe is only now being placed on the market due to our client's wish to move onto a larger business in a city centre location, having successfully honed their skills and built a bank balance with this profitable business. The business derives its trade from offering a wide choice of fayre from salads and sandwiches to home cooked meals. Margo's Cafe has built a enviable reputation in the area and, attached to this, an established, loyal customer base. We feel that this is an excellent base for a new owner to build upon by perhaps extending the opening hours to include Sundays, applying for a license to serve alcohol and possibly opening as a bistro in the evenings.
ACCOMMODATION DETAILS
The business is located within a vast, mid-terrace, three storey building of brick construction situated underneath a pitched tile roof. The business is located on the ground floor whilst the first and second floor could offer living accommodation or office space. In addition to this there is also a cellar.
GROUND FLOOR
Large cafe area with 30 internal covers and potential for more
Commercial kitchen
Storage space
Access to the rear yard
Access to the first floor
Customer toilets
Counter with electronic cash register
FIRST FLOOR
Bath/shower room
Large room currently utilised as a double bedroom
Spacious room currently utilised as a lounge/playroom
SECOND FLOOR
Two rooms currently utilised as large double bedrooms
Two further rooms that could be utilised as living space or further bedrooms
EXTERNAL
4 external cover to the front aspect
Yard for bins and storage to the rear aspect
FINANCIAL PROFILE
W/T: £1,200 approx.
GP: 70% approx.
OPNEING HOURS
Mon - Sat: 9.00am - 4.00pm
Sun: Closed
TENURE
Tenure: Leasehold
Original lease length 10 years
Remaining lease length 6.5 years
Review every 5 years
Rent £14,000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10286 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
