Popular Garden Café in Suffolk

Bungay, Suffolk
Freehold Price:
£349,950
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Status
FOR SALE
Advert ID
201485
Reference
05369 / Rightbiz

Details

    Freehold or leasehold

    Well equipped premises

    High turnover

    Loyal customer base

    Accommodation above the premises

Intelligent Business Transfer are pleased to offer an exciting opportunity for a new buyer to take ownership of this thriving business and lead it to reach its full potential.Its central position in the town of Bungay has enabled it to serve the community far and wide, offering fresh produce in a relaxing and welcoming environment, in turn generating a healthy annual turnover.There are many ways by which the business can be expanded by a new buyer. Extending opening hours to allow for after school trade during weekdays and late afternoon trade at weekends would further increase profit margins. Creating a website and complimentary social media channels would also increase further exposure to the business, provide a platform for customers to leave positive feedback and in turn generate more trade. A delivery or external catering service would allow for customers living outside the café’s immediate vicinity to experience the business’s high quality produce if they are not able to pay a visit in person.Due to the current owner’s lifestyle change, they are looking to sell the business for around £349,950 as freehold or £99,950 as leasehold, with rent as £12,000 p/a, however they are open to offers. Intelligent Business Transfer are looking for a suitable buyer to takeover this successful venture.
Listing Details
Freehold Price: £349,950
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Location: Bungay, Suffolk
Sector: Catering Businesses, Cafes
Financials
Annual Turnover: £186,387
Annual Net Profit: £30,033
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