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Popular Café & Takeaway located in Street, Somerset located near to major Outlet Shopping Village

Undisclosed, Somerset
Status
FOR SALE
Advert ID
247663
Reference
1340 / Rightbiz
Leasehold Price: £95,000
Annual Turnover: £134,000
Annual Net Profit: Available upon request
  • Popular Café & Takeaway located in Street, Somerset
  • Desirable main road trading position
  • Next to a major Outlet Shopping Village
  • Well-presented throughout
  • 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 nearby
  • 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 Street. It has been under the proud ownership of our clients since 2004 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, superb value 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 £137,000 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 Sundays 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 two storey leasehold building which is fitted and presented to high trade specifications throughout.

The premises briefly comprise:

Ground Floor

  • Ground Floor Café Area which is open plan and has seating for approximately 28 customers
  • Wash up room

First Floor

  • First Floor café Area that currently is laid out to accommodate approximately 60 customers
  • Well equipped commercial catering kitchen with extraction
  • Storeroom for dry goods
  • Ladies toilet
  • Gents toilet

External

  • Allocated parking space which is shared with the business next door.

Business Details

Opening Hours

  • 9.30am – 4.00pm Monday – Saturday
  • Closed Sunday

Turnover

  • £137,000

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

Tenure

  • Leasehold.
  • The business comes with the benefit of a secure lease which was originally for 21 years and has 1 year remaining. We are advised that the landlord will grant a new lease to suitable applicants, the details of which are to be agreed.
  • The current annual rent payable is £13,500 per year

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.

Stock

The business stock value is: £1200.00

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: C

Accounts

Accounts will be provided to genuine purchasers after a formal viewing

Planning

For further information, you should make your own enquiries to Mendip District Council, The Council Offices, Cannards Grave Road Shepton Mallet BA4 5BT

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

Listing Details
Location: Undisclosed, Somerset
Sector: Cafes, Sandwich Shops, Tea Rooms
Key Features
  • Town Centre location
  • High Turnover
  • Attractive Business
  • Retirement Sale
  • Accounts Available
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 1340 / Rightbiz

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