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Reference : R8860

Excellent main road trading position, sought after Country Town, OXFORDSHIRE (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover averages £6,000 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 30th September, 2006 showed £247,534 with a gross profit of £177,023.

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in excess of £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Character Olde Worlde Listed Building approx. 300/400 years old.

ATTRACTIVE COFFEE HOUSE/LICENSED RESTAURANT catering for snacks, morning coffees, lunches, afternoon teas. The business is situated in an excellent trading position very close to a new shopping centre development which we understand will comprise approx. 18 large shops, a multi-storey car park plus approx. 190 houses/flats.

SPACIOUS GROUND FLOOR PREMISES, front section with ceramic tiled floor. Tables and chairs providing seating for 20 persons. Cool display serveover counter with refrigerated storage section, electronic cash register, window cool display unit, pie display warmer, upright glass fronted small wine fridge, upright small deep freeze, 2 group coffee machine, 2 coffee grinders, upright glass fronted drinks display fridge (on loan from Coca Cola), milkshake machine, 4-door stainless steel cabinet, 3-door stainless steel counter fridge, Lincat hotwater boiler, double sink and drainer, wash hand basin.

Open entrance to SPACIOUS REAR RESTAURANT area with original flagstone floor, beams to ceiling, fireplace. Tables and chairs providing seating for 30 persons.

Fully tiled disabled/ladies' cloakroom with w.c. wash hand basin, baby changing facilities
Full tiled gentlemen's cloakroom with w.c. and wash hand basin

Stairs to first floor -

2 further RESTAURANT AREAS providing additional seating for 35/40 persons (combined).

Spacious catering kitchen with dumb waiter to ground floor. The kitchen has a non-slip floor and is well equipped including stainless steel extractor unit, 6-burner gas cooker with double oven, chip scuttle, double deep fryer, large gridge, 4-pot bain marie, 2 commercial plus 2 domestic microwave ovens, stainless steel double door salad fridge, panini toaster, 2 small upright deep freezes, walk-in coldroom, walk-in deep freeze etc.

Stairs to second floor

Stockroom with 1 upright deep freeze, 1 chest deep freeze, 1 ice machine

In addition there is a office/staff room

The business is at present operated by 2 partners (each working 3 days per week) plus 1 partners wife working full time in the kitchen. In addition in the kitchen area there is 1 full time chef plus 2 part time kitchen staff, whilst in the restaurant area there are 2 full time plus 1 part time staff and additional part time staff on Saturdays. Wages paid in the region of £950 p.w.

Monday - Thursday inclusive - 8 a.m. - 5 p.m.
Friday & Saturday - 8 a.m. - 6 p.m.
CLOSED ALL DAY SUNDAY AND ALL BANK HOLIDAYS
It will be appreciated upon inspection that there is potential for additional opening hours.

The accommodation in the form of a SELF CONTAINED FLAT situated on the second floor is at present let on a shorthold tenancy and provides a rental income of £500 per month. The flat comprises:

1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Lounge with fitted kitchen area

It will be appreciated upon inspection that part of the additional accommodation situated on the second floor could be incorporated into the accommodation to provide 2/3 bedrooms, if required.

Small yard area

We understand the premises are held on a secure renewable lease for a period of 25 years from September, 2000 at a current rental of £40,000 p.a. exclusive of rates up to September, 2010, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,500 p.a. approx. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS LICENSED COFFEE SHOP/RESTAURANT IN THIS EXCELLENT TRADING POSITION.

IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

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