!price Reduction! Fully Licensed Continental Café Bar & Bistro Restaurant | | Fareham Hampshire | | 32-seat, family-run café bar and wine bar/ restaurant with a steadily building, excellent reputation. Opened in November 2008 at the bottom of a historic High Street, the business has gained notoriety for the quality of its fresh continental fare. Lease to let or rent !price Reduction! Fully Licensed Continental Café Bar & Bistro Restaurant is located in Hampshire. | | ADVERT NUMBER : 35165
ADVERT IMPRESSIONS : 17,018 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Private Sale | LEASEHOLD: | £23000 | ANNUAL RENT: | £17500 | | | | | BUSINESS DETAILS: | As we have been trading for under a year we have no year end accounts to show but all accounts to date can be made available. The weekly takings are currently averaging £2000. The weekly wage bill is around £450, with business rates of around £6000 per annum. The business is offered in a leasehold premises, with the rent currently standing at £17,500pa for an excellent lease - 15 years, of which 14 years remain, with rent reviews after every 5 year period and a break clause after the first 5 years. We currently trade 6 days a week (8-3 Mon-Fri & 9.30-3 Sat) serving
freshly ground coffee, teas, freshly prepared continental sandwiches,
jacket potatoes, cakes and pastries and daily spacials which often
include pastas, soups and salads. We have also recently started to open 3 evenings in the week as a wine
bar/ restaurant. The introduction of these evenings has been very
successful and they offer massive potential for growth. This is
accentuated by the fact that the previous tennants ran the business as
a successful Italian Restaurant. The unit is often hired out for private functions, a trend that is
growing in popularity due to the unit's intimate and unique atmosphere. There is also further (and quite substantial) growth potential in the
outside catering and daytime takeaway/delivery market for which we are
having increasing interest. After completely refurbishing the unit by hand and building a fantastic reputation (recently, and very favourably, reviewed in a very well-read local newspaper) the reason for sale is that the vendor has a young (and growing!) family and cannot commit the time needed to expand the business in the areas outlined above. Included in the asking price will be all fixtures, fittings and
equipment to allow new tennants to start trading immediately, either as a café or wine bar/ restaurant. Keenly priced for a quick sale. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
