Superbly Presented CafÉ | | Plymouth Devon | | SUPERBLY PRESENTED CAFÉ - DEVON Large modern shopping parade in Plymouth Huge potential to increase trade and profits | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69088
ADVERT IMPRESSIONS : 10,935 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £59999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERBLY PRESENTED CAFÉ - DEVON
Large modern shopping parade in Plymouth
Huge potential to increase trade and profits
Early viewing highly recommended
Advised weekly turnover of £1,000
Scope to increase opening hours
Low annual rent of £4,000
LEASEHOLD
Location
This extremely well presented café is located in a busy shopping parade in Plymouth. It is surrounded by a wealth of complimentary shops and businesses which include a chemist and doctor's surgery which are good for business as people buy a tea or coffee whilst they are waiting for a prescription or appointment. Plymouth which has a population of 250,000 is becoming an extremely desirable place in which to live or run a business due to the numerous multi million pound regeneration projects happening all over the city, particular on the waterfront. Over the next few years it is planned that an extra 33,000 homes will be built as well as commercial premises. It is home to numerous schools, has some excellent leisure facilities as well as a world renowned university which is one of the largest in the country. Plymouth enjoys excellent links with an airport, coach terminus and a main line railway station with regular services to London and beyond. The main A38 runs through the city which connects to the M5 motorway at the nearby city of Exeter.
Business History
Meridian Business Sales are pleased to offer to the market this well appointed café which has been established over 10 years and has been in the careful hands of our clients 2008. The only reason this excellent opportunity is being offered to the market is due to our client's unfortunate ill health. During our clients stewardship they have invested time and money in the business and premises to the point that it is in full walk in condition. Our client advises us that the turnover is currently in the region of £1,000 per week with a healthy gross profit margin of 65%. Additional income of around £5,000 per year is generated by a small amount of outside catering. At present the business is only open from 8.00am - 3.30pm Monday - Friday. There is enormous potential to increase the turnover and profits by extending these opening hours to include weekends and possibly evenings or by developing the outside catering further as there is a huge demand in the area. The business enjoys a strong reputation within the local community and as such enjoys a high level of regular and repeat trade. This is a superb opportunity to purchase an immaculately presented business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Financial Profile
Turnover: £1,000pw
Gross profit: 65%
Stock approximately: £500
Tenure
Leasehold
Original length: 3 years
Remaining: 2½ years
Rent: £4,000pa
Opening Hours
Monday: 8:00am - 3:30pm
Tuesday: 8:00am - 3:30pm
Wednesday: 8:00am - 3:30pm
Thursday: 8:00am - 3:30pm
Friday: 8:00am - 3:30pm
Saturday: Closed
Sunday: Closed
Accommodation
Well presented and maintained café located within a modern busy shopping parade, benefiting from front and rear security shutters, briefly comprising of:
Secure entrance leading to well presented café area with 12 covers
Numerous serve over glass fronted display cabinets containing delicious products made on the premises
Menu advertisement boards
Fully fitted kitchen area
Preparation room
Staff changing room
Toilet
Covered delivery area | | | | | | FOR SALE | | | | | REFERENCE: | 2794 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
