Freehold Town Centre Cafe And Value Retailer With Accommodation | | Undisclosed Essex | | ESSEX FREEHOLD TOWN CENTRE CAFE AND VALUE RETAILER WITH ACCOMMODATION High st location in coastal town 36 covers - 2 Bed accommodation W/T: Cafe & Retail £1,200 each + rental income from flat @ £500pm Scope to open evenings F/H: £375,000 +SAV REF: 1168CO | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67739
ADVERT IMPRESSIONS : 18,542 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | FREEHOLD: | £375,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | HISTORY
• Retail site for many years
• Acquired by vendor 8 years ago as value retail shop
• Developed as a themed café (movies) supplemented with sales of value goods
• Flat above rented to generate additional revenue
• Product mix and blend varied in line with changing consumer tastes
REASON FOR SALE
• Retirement
PRODUCTS
Café
• Full range of non alcoholic beverages
• Cakes and desserts
• Breakfasts
• Daily lunchtime specials
• Full range of meals and snacks
• Sandwiches
• Jacket potatoes
• Food cooked to order with traditional English theme
Value Retail
• Pet foods
• Household goods
• Toiletries
• Toys and games
• Discounted goods
CUSTOMERS
• High level of passing trade
• Popular with locals, tourists and visitors alike
• Appeals to older residents especially during the daytime
• Lunchtime office trade
• Meeting place for business and social occasions
SUPPLIERS
• Products sourced through long standing contacts
STAFF
• Family run by husband and wife team, with assistance from their daughter
• 2 reliable full time staff members
TRADING HOURS
• Monday to Saturday 8.30am to 5pm
• Café closes at 3pm (2pm on Saturday)
• Café closed Mondays
FINANCIALS
• Café takes £1,200 to £1,300 per week
• Value retail also takes £1,200 to £1,300 per week
• Good level of gross profit overall
• Excellent consistent level of net profit, particularly for a working family
• Rental income from flat above currently generates £6,000 per annum
PREMISES
• Prominently sited retail shop and café with a high street location
• Retail shop area with sales counter
• Double window display
• Racking and shelving appropriate to trade
• Separate room used for retail purposes
• 36 covers
• Fully equipped commercial kitchen comprising briefly:
o Preparation area
o Griddle
o Deep fat fryer
o Bain Marie
o Microwaves
o Ovens
o Coffee Machine
o Milk shake machine
• Stores x 3
• Customer WCs
• Office
• Secure gated yard to rear
• Container for storage
• Flat, with separate access, comprising briefly
o 2 double bedrooms
o Bathroom
o WC
o Lounge
STRENGTHS
• Excellent reputation locally
• Three streams of income into the business
• Consistently profitable
• Stable staff
• Superb
• Freehold opportunity
SCOPE
• Additional opening on Sunday and Monday
• Variation of product range with introduction of new lines
• Additional business development activities
• Premises could be suitable for refurbishment and re-launch as an evening restaurant (limited competition in town presently)
• Outside catering
TENURE
• Freehold
• Rates £280 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1168CO / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
