Financial Details
Asking price: £95,000
Sales revenue: £134,140
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
We are pleased to offer to the market, this extremely well established market café which has been trading successfully since 1976. The current vendor and his wife have been in constant ownership since its inception.

The owner is reluctantly selling due to family ill health, semi retirement and other business interests.

The café enjoys a high number of repeat local customers, some originating from when the business started some thirty four years ago as well as visitors from all over the UK.

The café provides:
• All day breakfasts
• Burgers, chips and fast food
• Jacket potatoes
• Hot and cold sandwiches
• Hot and cold drinks

The café is well kept, well equipped and clean. As well as the café, the business rents a good sized storeroom in the market as an adjunct to the main property.

One full time and four part time staff run the business.

The owner does not work in the business. It is realised by past trading results, that when there was a working owner, the turnover increased greatly. A husband and wife team could easily double the current turnover figures and increase profits.

We have valued the business in excess of £119,000, however due to the aforementioned reasons, the owner would like a quick sale, and hence has been priced accordingly.

Stock at value is approximately £1,500
REF: 9594ST

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon & Wed: 9.00am – 5.00pm Tue, Thurs – Sat: 8.30am – 5.00pm
Property:Leasehold
Lease terms:Council Lease Original lease: 4 years Remaining lease: 4 years Review every: 4 years Rent: £12,500 pa We are advised that the annual business rates are currently: £550
Location:Our clients’ café is situated in a highly visible and central location in a covered market. The café is at the market entrance leading from a superb modern main shopping mall and hence has an extremely high footfall.

Although the market itself operates for only four days, the positioning of the café adjacent to the shopping mall gives it excellent customer numbers for it to operate six days a week. The entrance to the mall is next to the central bus terminal and the whole area has excellent car parking facilities making this an extremely valuable acquisition.

The town itself has a major dual carriageway link into the national motorway system and is pivotal to the Lincolnshire seaside resorts.
Premises Details:A large double fronted unit with the door to the left, 42 covers in fixed seating and tables.
• A servery to the rear with cooking facilities behind this.
• Doorway leading into a prep and wash up area

Store room (separately rented out at £20 per week) with
• Two 17.5cu ft chest freezer
• One 10 cu ft chest freezer
• Two Fridges

The equipment includes:

• One large griddle
• One Pot Bain Marie
• Two Cooking Rings
• Hand wash Sink
• Wash Basin
• Microwave Oven
• Two 4 slice toasters
• Burger heated display unit
• Double Fryer
• Chip scuttle
• Heated Display
• Coffee machine
• Fizzy drink dispenser
• Salad display
• Water boiler
• Two Tills
• Cold Drinks Fridge
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