Award winning Coffee Shop & Sandwich Bar in Guildford For Sale

Sought after courtyard position wealthy SURREY TOWN GUILDFORD

Turnover £ 12,750
Price £199,950

Features

Award Winning Coffee Shop & Sandwich Bar - 27 Indoor, 45 Outdoor Seating

Courtyard seating to front for 43 persons with patio heaters and umbrellas

DOUBLE FRONTED PREMISES. Concrete floor tiles. Low energy lighting. Air conditioning. TV menu screens, CCTV(8 cameras) Burglar alarm. Tables and chairs seating 25 persons. Sales counter, self serve display fridge, cake display, ipad till linked to kitchen and coffee ordering, 3 group Victoria Arduino coffee machine, matching grinder, 2 under-counter fridges, under-counter microwave, 2 panini roller grills, boiling hot water tap, hoshizaki ice machine, 2 blendtec blenders, hand sink

Cloak room with toilet, mirror and sink.

Through preparation area; industrial non slip flooring, flourescent tube lighting.

Foster double door upright freezer, single door upright freezer, double door and single door fridges, microwave, microwave combi oven, Merry Chef E3 high speed oven, dishwasher, hotwater boiler, air conditioning, 2 stainless steel preparation tables, single sink with drainer, wash hand sink.

Offsite storage cupboard included.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,750 p.w. with a Gross profit of 67% approx.

Staff

The business is at present operated under management plus assistant manager, supervisor, plus 4 additional full time staff & 6 part time staff. Wage bill £4,500 per week.

Trading Hours

7 Day week
MONDAY - FRIDAY 8am - 5pm
SATURDAY - 8 am - 6pm
SUNDAY 9am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a new secure 10 years lease from September, 2021 at a rent of £40,000 plus VAT with 5 yearly rent reviews. We understand there is a break clause after the first 5 years.

Business Rates from April 2021 £16,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005 AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £199,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 99,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote