For sale as a Going Concern- Price Guide £150,000 to include lease, goodwill, fixtures/fittings and equipment (SAV).
The Cafe occupies a prime location close the main public car park and new library/ community hub. Included in the lease is a very large 3 bedroom split level apartment and two parking spaces.
Our client acquired this site through us some eight years ago and has invested a considerable sum in transforming the premises into a well regarded and popular, high end artisan cafe with a fabulous ambience. The ground floor provides a total floor area of approximately 1000 sq ft including male and female toilets and a well equipped kitchen with full extraction, hygiene clad walls and 3 phase electricity. There are 44 seats and the premises benefit from an alcohol license.
Externally there is a small yard area with the parking spaces. The business trades well and financials can be provided to genuinely interested parties after an initial inspection.
There is a very nice apartment above the restaurant, which is included within the lease and comprises- Terrace with door to Entrance Hall. Kitchen 10'3" x 11'. Nicely fitted Shower Room with W.C. Lounge 18'6" x 14'. Bedroom 12'5" x 12'2". Bedroom 12'11" x 12'5" max'. Bedroom 17'9" x 14'5".
Please view only by prior appointment and direct any enquiries through ourselves.
Location
Prime town centre location close to the large public car park and exciting new library/ community hub development. There is very good footfall in this part of the High St (Church St).
Accommodation
Size - 1,000 sq ft
Terms
Tenure: Leasehold
Price/premium: £150,000
Rent: £43,500 Per annum
Rent details: Including large 3 bedroom flat.
Legal fees: Both parties to be borne by the ingoing tenant/purchaser
Rateable value: The VOA website states a RV of £30,000, payable at the prevailing rate.
Lease details: The current lease has approximately 1 year unexpired- drafted within the Landlord and Tenant Act 1954 (renewable).
Trading hours: 07.00- 17.00 except Sunday 08.00- 16.00. Open 7 days per week.
Years established: 8.
Employees: 3 full time and 2 part time.
Client involvement: Full time.
Specification
- 3 phase electricity
- Beautifully presented throughout
- Business for sale
- Close to many multiples
- Densely populated area
- Early viewing recommended
- Excellent trading location
- Fitted catering kitchen
- Public car park nearby
- Residential accommodation
- Viewings by appointment only
- Well equipped
- Yard area