UNDER OFFER
504059
6912C / Rightbiz
The current vendors have built an excellent reputation for serving exceptional, freshly prepared food made to order. The menu currently features a popular selection of pizzas, pastas, and wraps available for takeaway, all prepared using fresh ingredients. This commitment to quality is reflected in the business’s outstanding reviews across TripAdvisor, Facebook, and Google. The café is ideally situated on an extremely busy main road, benefiting from high visibility and a strong volume of passing trade from motorists, local shoppers, and nearby office and industrial workers. The business also enjoys regular custom from employees of the many large office blocks in the immediate area, providing a reliable and growing customer base. Importantly, the café is located just minutes from the New England Development, which has delivered 209 new homes and 3,270 sq ft of commercial space, bringing an influx of new residents and professionals — and significant additional footfall — to the area. The business has been owned and operated by the same vendor for 10 years, and now comes to market only due to family commitments. While the café has occasionally provided outside catering, there remains substantial potential for expansion, particularly through partnering with delivery platforms such as Deliveroo and Just Eat, as the current operation is collection only.
THE PREMISES: The café occupies an ideal corner position on New England Road, close to Preston Circus, enjoying excellent visibility and footfall. The premises come to the market in excellent condition and are fitted and equipped to a very high standard throughout. The business offers seating for approximately two customers and features a theatre-style kitchen adjacent to the serve-over counter, allowing customers to see their food freshly prepared. The kitchen is equipped to a professional specification, including full extraction to the roof, a double fryer, and a range of high-quality commercial fixtures and fittings, notably a newly installed Zanolli gas pizza oven. To the rear of the premises is a separate preparation and washing-up area, leading to a large storage room which houses several chest freezers and shelving units. The vendor has partially converted this storage area, with the intention of creating an additional food preparation space, providing scope for future development and increased production capacity.
TURNOVER: The business is run under the personal supervision of the vendor with 1 full time staff member. Current Hours of Opening: 4pm to 10 pm, Tuesday -Sunday closed Monday. Considerable scope to increase both the hours, outside catering and delivery service.
TENURE: The entire ground premises are at present held on a full repairing and insuring lease, the landlord has agreed to offer a new 15 year lease with a rent of £16,000 per annum with five yearly rent reviews.
RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value of the property is £7,200 per annum. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This concern is well fitted to the trade with a valuable inventory of trade fixtures and fittings. Tremendous scope to increase opening hours to capture the early morning breakfast. The business is assured of an excellent all year-round trade due to the many office, shop workers that frequent the business. Points to Consider: Secure lease with reasonable rent. The vendor’s sole agents recommend immediate inspections.
PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings Price reduction due to health reasons £35,000 SAV
LEGAL FEES: Each party to be responsible for their own legal costs. The purchaser to pay for the landlord’s legal costs.
VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: The property has been rated a Band C and the full report is available on request.
DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.
The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.
VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.
Prop. Ref: 6912C
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract
APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor etc. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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