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Reference R9252

Coffee Shop & Bakery in Warwickshire For Sale

Register to see map and to make an appointment Shopping centre sought after WARWICKSHIRE TOWN

Turnover 5,500
Price 74,500

Features

Attractive well Established Coffee Shop / Bakery (catering For Muffins, Cakes, Teas & Coffees, Panini's, Toasties & Wraps

Front area with space for 5 tables & 19 chairs

ATTRACTIVE COFFEE SHOP with vinyl wood effect floor. 9 tables with seating including sofa & bench seating for 45 persons. 3 group coffee machine, coffee grinder, cool display serveover counter, Ambience display counter, computerised till.

BAKERY/KITCHEN AREA with vinyl non-slip floor, commercial bakers oven, mixer, 2 fridges, 1 freezer.

We understand that the Coffee Shop does require refitting & refurbishing. We are further advised that the cost is approximately 50,000, however we understand that there is a contribution of 35,000 towards the cost.

Turnover

WE ARE INFORMED the turnover averages 5,500/6,000 p.w. in our opinion offering further potential to increase in the right hands. WE UNDERSTAND THE BUSINESS OPERATES UNDER A FRANCHISE AGREEMENT WITH A FRANCHISE FEE PAYABLE TO THE COMPANY OF 20,000 INCLUDING LEGAL COSTS. THE FRANCHISE COMPANY ALSO CHARGES 6% OF TURNOVER PLUS 2% FOR ADVERTISING.

Staff

The business is assisted by the vendor when required. Staff employed 4 part time staff plus 2 casual junior staff. In addition a part time baker is employed.

Trading Hours

Monday - Saturday inclusive - 8.30 a.m. - 5.30 p.m.
Sunday opening - 10.30 a.m. - 4.30 p.m.

We understand the baker works Monday - Friday inclusive from 6.30 a.m. - 10.30/11 a.m. & Saturday 6 a.m. - 10.30/11 a.m. & Sunday 8 a.m. - 12 p.m.

Tenure

We understand the premises are held on a renewable Under-Lease, the present lease expiring in June, 2020. We are further advised that, subject to satisfactory references, a new 10 years Under-Lease would be granted at a rental of 35,000 p.a. exclusive of rates, fixed for the 10 years. (We understand that there would be a Break Clause on the tenants side only at the 5th year).

Uniform Business Rates: 7,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW UNDER-LEASE, GOODWILL, FIXTURES & FITTINGS 74,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 37,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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