« Search more Cafes for sale in Hampshire
Reference R9310

Attractive Cafe in Hampshire For Sale

Attractive Cafe in Hampshire For Sale
Attractive Cafe in Hampshire For Sale Buy a Attractive Cafe in Hampshire For Sale Sell a Attractive Cafe in Hampshire For Sale Attractive Cafe in Hampshire For Sale for Sale Attractive Cafe in Hampshire For Sale for Sale Attractive Cafe in Hampshire For Sale for Sale Attractive Cafe in Hampshire For Sale for Sale

Register to see map and to make an appointment Situated in a terrace, HAMPSHIRE

Turnover £ 2,400
Price £45,000

Features

Attractive Café

We understand the present owners acquired the Café in April, 2019. We understand at that time the business was very run down. The present owners have revamped the whole Café area & converted the cellar into a useable space. We understand from them that the last business was 'All You Can Eat' & the customer base was only interested in cheap poor quality food. We understand the present owners have brought in premium products, which are cooked fresh to order, has changed the customer base & increased the payments for food consumed.

BUSINESS & TURNOVER COMPARISON

This business has been we understand a Café for over 30 years and is therefore an established proven business. The previous owners of 3 years (prior to All You Can Eat) were taking we understand between £2,700 & £3,000 p.w. for a 7 days week 8 a.m. - 2.30 p.m. i.e. £140,000-£156,000 p.a. The Cafe is averaging just over £400 per day i.e. minimum projected takings per year is £125,000 based on a 6 day week or £146,000 p.a. based on a 7 day week. We understand this is exclusive of future growth & the takings have increased from April, 2019 to the beginning of February, 2020 by 172% so the vendor has stated it is a very conservative estimate. We understand these figures have the potential to increase by running a marketing compaign. We understand the only marketing done to date is a Facebook page & 1 Christmas advert in the Alton Herald. We understand the business is also on Google Business & includes a 360 virtual tour.

The CAFÉ has a part wooden floor plus part vinyl tiled floor. Oak tables & 24 chairs. Counter.

SMALL KITCHEN at rear with non-slip floor, large electric griddle, microwave oven, double deep fryer plus 1 single deep fryer, 1 fridge, upright deep freezer, single sink & drainer etc.

CELLAR. We undestand the cellar has been completely revamped and currently contains a chest deep freezer. However, it is a useable space that can not only be used for storage, but also as an office, a games room, a soft play area or an area for events. The present owner has also suggested that there is potential to move the kitchen into the cellar area, which could provide additional seating for the café.

All the fixtures, fittings & furniture are included in the sale. The only equipment not included is the extractor unit that belongs to the landlord.

Turnover

WE ARE INFORMED the turnover currently averages £2,400 p.w. in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor (who is a chef) plus 3 part time staff.

Trading Hours

Tuesday - Saturday inclusive - 8 a.m. - 3 p.m.
Sunday opening - 8 a.m. - 2 p.m.
CLOSED MONDAY

Tenure

We understand the landlord, subject to satisfactory references, will grant a new 10 years full repairing and insuring lease at a rental of £14,400 p.a. exclusive of rates, fixed for the first 5 years, with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

« Search more Cafes for sale in Hampshire

Buy an Attractive Cafe in Hampshire For Sale on NationwideBusinesses.co.uk