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Popular Café & Takeaway located on a desirable main road in Nuneaton

Nuneaton, Warwickshire
Leasehold Price:
£65,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
247377
Reference
1338 / Rightbiz

Details

  • Popular Café & Takeaway located in Nuneaton
  • Desirable main road trading position
  • Well-presented throughout
  • Local delivery service
  • Healthy turnover and profits with scope to improve
  • Excellent local reputation
  • Valuable inventory of quality fixtures & fittings
  • Highly visible trading position
  • Plenty of customer parking
  • Fantastic change of lifestyle opportunity
  • Sensible trading hours – no evenings
  • Good mix of complementary businesses nearby

Falcon Commercial is delighted to offer for sale this extremely well-presented Cafe which occupies a prime trading position on one of the main roads that runs through Nuneaton. It has been under the proud ownership of our clients since January 2011 during which time they have made considerable investment and improvements. It is now reluctantly being placed on the market as the owner wishes to concentrate on their other business interests.

During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, fantastic food and great service.

This thriving business is mainly operated as a daytime Cafe with food being cooked to order and where all produce is sourced locally wherever possible. It is considered the premises are suitable for all types of cuisine

The business is run by our client with help from a dedicated team of full and part time staff. It generates a turnover in the region of £80,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by possibly running a modest marketing campaign or by extending the opening hours to include afternoons and evenings.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

The Premises

Substantial and well-maintained leasehold building which is fitted and presented to high trade specifications throughout.

The premises briefly comprise:

Ground Floor

  • Open plan Café area with seating for approximately 28 customers
  • Well equipped commercial catering kitchen with extraction
  • Storeroom
  • Toilet

External

  • Customer parking for averaged sized cars

Business Details

Opening Hours

  • 7.00am – 2.00 Monday – Saturday
  • Closed Sunday

Turnover

  • £80,000

Business Rates

Business rates payable: Nil

Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock

The business stock value is: £700.00

Staff

The business is run by the proprietor with help from d dedicated team of full and part time staff

EPC

Commercial Energy Performance rating: TBC

Tenure

  • Leasehold.
  • We are advised that the business comes with the benefit of a secure lease which was originally for 10 years and has 7 years remaining
  • The current annual rent payable is £650 per month

Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website:  www.leasingbusinesspremises.co.uk

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

Accounts

Accounts will be provided to genuine purchasers after a formal viewing

Planning

For further information, you should make your own enquiries to Nuneaton & Bedworth Borough Council Town hall, Coton Road Nuneaton CV11 5AA

Viewing

Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note

Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you

Seller Details
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Listing Details
Leasehold Price: £65,000
Tenure: Leasehold
Sector: Cafes, Sandwich Shops, Tea Rooms
Financials
Annual Net Profit: Available upon request
Key Features
  • Accounts Available
  • Retirement Sale
  • With Car Park
  • Prime Location
  • High Turnover
  • Established Business
Location Statistics
What's nearbyi:
Chocolicious (approx. 0 mile)
M I Bathrooms & Kitchens (approx. 0 mile)
Registration Of Births Deaths Marriages & Civil Partnerships (approx. 0 mile)
Nuneaton Museum & Art Gallery (approx. 0 mile)
Riversley Park (approx. 0 mile)
Riversley Road (approx. 0.1 mile)
Sainsbury's Bank ATM (approx. 0.1 mile)
Sainsbury's (approx. 0.1 mile)
Riversley Road (approx. 0.1 mile)
Cocks Lloyd (approx. 0.1 mile)
Listing Statistics
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