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Reference R1121

Renowned Restaurant and Coffee House in Oxfordshire For Sale

Renowned Restaurant and Coffee House in Oxfordshire For Sale
Renowned Restaurant and Coffee House in Oxfordshire For Sale Buy a Renowned Restaurant and Coffee House in Oxfordshire For Sale Sell a Renowned Restaurant and Coffee House in Oxfordshire For Sale Renowned Restaurant and Coffee House in Oxfordshire For Sale for Sale Renowned Restaurant and Coffee House in Oxfordshire For Sale for Sale Renowned Restaurant and Coffee House in Oxfordshire For Sale for Sale Renowned Restaurant and Coffee House in Oxfordshire For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent prominent trading position, residential, office and commercial area, OXFORDSHIRE

Turnover £ 18,000
Price £750,000

Features

Renowned Licensed Restaurant & Coffee House

Customised Awning to front and side.

Tables and chairs for 10 persons to the front.

5 Star Hygiene Rating

DOUBLE FRONTED BESPOKE BAY FRONTED PREMISES in the region of 1,200 ft². 2 air conditioning units. Laminate wood floor, track mounted spotlights. Feature floor lamps. Wooden tables and chairs seating 80 persons. Sales counter, electric cash register, 2 group coffee machine, grinder, knockout drawer, under-counter 3 door fridge, duisplay fridge with storage, soft drinks fridge, grill, panini press, ice machine, wash hand basin.

BAR. 3 under-counter freezers, 3 door drinks cabinet, 2 drawer drinks cabinet, 2 group coffee machine, grinder, electric cash register, juice machine, smoothie maker.

Cloakrooms for ladies & gentlemen with toilets, mirror and basin.

OPEN PLAN KITCHEN. Air conditioning. Stainless steel extractor, 2 desk top fryers, grill, commercial oven, 6-slot toaster, small fryer, 3 microwaves, double door fridge, triple door fridge, washing machine, commercial dish washer, single sink and drainer with fat box,

Additional room store room, shelved, 2 chest freezers

Additional room used for crockery etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a gross profit of 65% approx. (NO DELIVERIES)
In our opinion there is potential with longer hours,

Staff

The business is at present operated by a lady vendor with 2 full time & 13 part time staff. We are informed the wage bill averages £2,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 8.30 a.m - 7 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from the College, granted for 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £58,000 p.a. plus VAT

Business Rates from April 2022 £14,208 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1983 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £750,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 375,000 (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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