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Popular Cafe in Leicester For Sale

Leicester, Leicestershire

£35,000

Ref: 2192

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Description

Hilton Smythe is delighted to welcome to the market this well-established and popular café business in Leicester, Leicestershire. The business was established in 1980 and has been in our clients` careful ownership since 2006. Only now is the business being offered to the market due to our clients` desire for a well-deserved retirement. The business is open 6 days per week and generates a turnover in the region of £67,600 per annum, with a gross profit of approximately 65%. Our clients offer a wide variety of fayre including all-day breakfasts, hot and cold sandwiches, burgers, curry, chilli con carne and jacket potatoes to name a few, as well as a selection of hot and cold beverages. The property is presented to a very high standard throughout and boasts 34 covers, as well as a commercial kitchen area. The business has an excellent reputation within the area for the high quality of food and service available, which has resulted in a loyal client base with a lot of repeat trade, as well as word of mouth referrals. We feel the turnover could be increased by extending the opening hours and trading 7 days per week, as the business is currently run at a pace to suit our client. A new owner could also introduce a delivery service within the area to local businesses, as well as branching out into corporate catering and buffet services. The business would also benefit from a small marketing campaign to promote the business and services offered. This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this already thriving business to the next level; therefore early viewing is highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold: Original lease length: 20 yearsRemaining lease length: 12 yearsReview every: 5 yearsRent: £1,900 per quarter

Hours

The business is open: Tuesday – Saturday: 8.00am – 1.00pmSunday - Monday: Closed

Staff

The business is owner run and managed with 1 x staff member.

Financial Profile

The business generates a turnover in the region of £67,600 per annum, with a gross profit of approximately 65%.

Location

The Dairy Café occupies substantial ground floor, lock-up premises, ideally located on a busy main road in Leicester, Leicestershire. The property is located within a parade of complementary shops and businesses and is surrounded by densely populated residential areas, from which the business derives much of its trade. The business benefits from free on-street parking to the front of the premises. Being located on the busy Groby Road, the business also benefits from a vast amount of footfall and passing trade. Leicester is located in the East Midlands of England and the city lies on the River Soar and at the edge of the National Forest. According to the 2011 census, the city had a residential population of approximately 330,000. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Leicester Railway Station is approximately two miles away. The area is also well served by the A-roads, with the business located on the A50, which links to the vast A-road and motorway networks. Loughborough is approximately 14½ miles away and Market Harborough is 17½ miles away.

Premises

Ground floor lock-up premises, briefly comprising: Ground floor: Open plan sales area.Wood effect non-slip flooring.Tables and chairs for 34 covers.Menus boards to walls.Serve over chiller unit.Counter servery with electronic cash register. Kitchen with: 6 x burner range.2 x microwave ovens.4 x pot Bain-Marie.Stainless steel work surfaces.Stainless steel extraction unit.Deep fat fryer. Wash area with: Double stainless steel sink unit.Stainless steel work area.Wash hand basin. External: Rear enclosed yard with WC.

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