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Thriving Cafe with Low Rent In Peterborough For Sale

Peterborough, Cambridgeshire

£35,500 +SAV

Ref: 1961

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Description

Hilton Smythe welcomes to the market a fantastic investment opportunity. With rent at just £5760 per annum this business thrives. With a solid loyal customer base built up since 2010 the business has great longevity and further growth potential. The business generates an annual turnover in the region of £80,000.
The business is a 20 cover cafe with additional outside seating for 10 covers. The business is well maintained both externally and internally with good decor and quality furnishings. The cafe provides a concise freshly prepared menu including breakfast, hot and cold sandwiches, jacket potatoes toasted Panini's.
A selection of hot and cold drinks including a wide variety of espresso based coffees are offered to accompany the food menu. Also a selection of sweet and savoury pastries, cakes, and cookies are displayed in the serve over counter.
The business has previously provided a popular outside catering service, still in demand and which could easily be reinstated with a marketing campaign in the locality to promote awareness.

This is a fantastic walk in trading opportunity in a busy location, with the business genuinely coming to the market due to our clients other business interests.

Tenure

Leasehold

We are advised leasehold.
The original lease length is 5 years. The lease is renewable and due to be renewed in June 2015. The renewed lease will be more than £6000 per annum with a review after 3 years.

Hours

The business opens:-

Monday – Friday 8.00am – 5.00pm
Saturday 8.00am – 4.00pm
Sunday closed.

Staff

The business is owner run with 3 members of staff.

Financial Profile

The business reports a healthy turnover in the region of £80,000, with reported gross profit at 60%.

Location

This vibrant cafe is located within the City of Peterborough.

The business occupies a prime trading location amongst a busy retail parade within the heart of this heavily populated residential area. Ideally situated facing the local school, with convenient free lay-by parking and bus stop directly to the frontage ensuring good footfall throughout the day.

The business has good road access sitting in between the A47 and A1139 leading to the City centre where the nearest railway station can be found.

Premises

This single fronted mid parade premise briefly comprises:-

Externally well maintained with highly visible signage and external seating for 10 covers.

Internally 20 cover cafe with wooden tables and cushioned seating, stylish décor with wall lighting, refrigerated serve over, 2 door undercover drinks chiller, Milkshake machine, till, coffee machine and coffee grinder.

The kitchen houses a 6 burner hob, convection oven, dishwasher, sink unit, low level fridge, microwave and ample counter top/work surfaces, and there is a dry store area with shelving.

There is a preparation area behind the cafe counter, with 2 small chest freezers, upright freezer, upright fridge, stainless steel work surfaces and Panini press. There are rear exit doors in this area.

Additional outbuilding with vehicle access.

Store room with spare equipment, microwave, convection oven, small freezer and low level two door chiller.

Further store room with racking.

Externally there is a free lay by for parking at the front, with rear service road to the rear.

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