Thriving Café With Letting Rooms In Gloucester | | Gloucester Gloucestershire | | Café and guest house Gloucester, Gloucestershire T/O: £78,000 GP: 65% Scope to increase turnover Loyal customer base Well-equipped 8-letting rooms Prime location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63056
ADVERT IMPRESSIONS : 4,678 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £61,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Dockside café occupies substantial 3-storey mid-parade premises, ideally located in Gloucester city centre, Gloucestershire. The premises are surrounded by a variety of complementary shops, businesses and residential property. The redeveloped Gloucester Docks with its many attractions and the Quays Shopping Centre are close by. There are a number of bus routes serving the area and the railway station is within easy walking distance. The business boasts easy access to the A-road network and the M5 motorway is approximately 5 miles away. Gloucester lies close to the Welsh border and was founded by the Romans in AD97. Nowadays the city is dominated by service industries and has a strong financial and business sector. Cheltenham is less than 10 miles away and Bristol lies approximately 30 miles to the south.
Business History
Preferred Commercial is delighted to offer for sale this thriving café with letting rooms, which was established in 1980 and which has been in our client's careful hands since 2008. The café is only now offered to the market due to our client's wish to retire. The business trades 7 days a week and generates a turnover in the region of £78,000 per annum with a gross profit of 65%. Our client offers a high quality traditional English cafe menu and offers 5-letting rooms and 3 bedsits, all finished to a high standard. The turnover could be increased by extending the range of food available and establishing a delivery service. The business has an excellent reputation and enjoys much repeat trade. The premises boast a spacious café area, commercial kitchen, 5-letting rooms with en-suite facilities and 3 bedsits to the first floor with shared bathroom, lounge and kitchen. We have been advised that there are currently plans to route a tram through the area, which would increase footfall. This is an ideal opportunity to acquire an already thriving café with letting rooms business, which has scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £78,000 approx.
GP: 65%
Opening Hours
Mon - Fri: 8:00am to 5:00pm
Sat: 8:00am to 4:00pm
Sun: 10.00am to 2.00pm
Accommodation Details
Substantial mid-parade 3-storey café and bed and breakfast premises. Briefly comprising:
Ground Floor
• Café with tiled floor, tables and chairs for up to 36 covers, 2 x drink chillers and electronic games machine
• Commercial kitchen with serving counter, electronic cash register, 6-ring gas hob, extraction system, 2 x fryers, stainless steel refrigerator, Bain Marie, griddle, toaster, grill, sink and wash hand basin
• Ladies and gents WCs with wash hand basins
Letting Rooms
• 3 x single bedrooms with en-suite shower facilities
• 2 x twin bedrooms with en-suite shower facilities
Second Floor
• Large lounge
• Kitchen
• Diner
• 3 x double bedrooms all let out as bedsits
• Bathroom
Cellar
• Spacious cellar area with worktops and sink.
• Large walk-in freezer
Tenure
Leasehold
Original length:5 years
Remaining: 2 years
Review: every 3 years
Rent: £26,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2463 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
