Superb High Profit CafÉ | | Sleaford Lincolnshire | | SUPERB HIGH PROFIT CAFÉ - LINCOLNSHIRE Projected turnover £45,000pa for Year ending April 2011 Well established and highly regarded business | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 29092
ADVERT IMPRESSIONS : 14,357 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £49999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB HIGH PROFIT CAFÉ - LINCOLNSHIRE
Projected turnover £45,000pa for Year ending April 2011
Well established and highly regarded business
Appointed and presented to a high standard
Affluent and desirable market town location
Early viewing highly recommended
Fully refurbished premises
Huge growth potential
LEASEHOLD
Location
This superb café is located on a corner position on the main market square of the popular and thriving town of Sleaford. Sleaford is a bustling market town in the county of Lincolnshire with close links to the larger towns of Grantham and the city of Newark. The Café is located in a prominent position within the main square were the towns market is held on a weekly basis bringing large numbers to the area and heavy footfall for the café. The town of Sleaford has all of the main amenities coupled with quality educational and NHS facilities. Sleaford and the surrounding area have strong road links with the A1 motorway and the A17 trunk road to both Newark and Boston and the A52 to Grantham.
Business History
Meridian Business Sales are delighted to offer to the market this well established and popular café which has been in the careful hands of our client since 1993. The business is only now being offered to the market due to our clients desire to take a well earned retirement. Since our client took over the business he has embarked on a full refurbishment program to all areas, culminating in a true walk in and trade opportunity. Our client has continually developed and improved the business introducing new lines of income streams which has enhanced the business massively and in particular shows in the year on year growth figures. Our client informs us that he has a projected annual turnover of £45,000 for the year ending April 2011 with a gross profit margin of 50%. He feels there is still further scope for growth. The current turnover is derived from the sale of tea and coffee plus a food menu of home cooked local produce including specials of the day plus omelettes, jacket potatoes, all day breakfasts, grills and a fine selection of sweets. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat business. The prime location of the business would also lend itself to open in the evenings, offering a bistro style menu which would be a definite hit with the locals. Meridian Business Sales recommends early viewing of this business to fully appreciate the quality and scope for future growth.
Financial Profile
Projected turnover (April 2011): £45,000pa
Gross profit: 50%
Stock approximately: £2,000
Tenure
Leasehold
Original length: 15 years
Remaining: 7 years
Review: 3 years
Rent: £18,000pa
Opening Hours
Monday: 8:30am - 4:00pm
Tuesday: 8:30am - 4:00pm
Wednesday: 8:30am - 4:00pm
Thursday: 8:30am - 4:00pm
Friday: 8:30am - 4:00pm
Saturday: 8:30am - 4:00pm
Sunday: Closed
Accommodation
Ground floor corner café located in the town square of Sleaford, briefly comprising:
GROUND FLOOR
Main entrance leading to: Sales desk with glass fronted chilled display counter for fresh sweets and cakes, main open plan café with full floor to ceiling windows overlooking the market square, high quality tables & chairs for 32 plus covers and fully carpeted throughout.
Fully fitted commercial kitchen briefly comprising:-
Ceramic tiled floor and walls
1 x stainless steel upright fridge
3 x further white under counter fridges
Stainless steel preperation tables
2 x deep fat fryers
1 x pancho style griddle
Various commercial microwaves
Commercial grade dishwasher
Stainless steel overhead extraction
EXTERNAL
Further space for external seating | | | | | | FOR SALE | | | | | REFERENCE: | 1935 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
