Financial Details
Asking price: £169,500
Sales revenue: £312,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale
  • Photograph of this business for sale
  • Photograph of this business for sale

Business Description
We are pleased to have been instructed to offer to the market this very well established and popular café and restaurant founded over 8 years ago by the vendor.
The business is only now being reluctantly offered for sale as he wishes to pursue an alternative unrelated business venture.
Our client provides an excellent selection of hot and cold foods which are freshly prepared on site including:
• Sandwiches and Baguettes
• Jacket potatoes
• Paninis
• Grills and dinners
• Seafood
• Salads
• Omelettes
• Create your own breakfasts
• Vegetarian meals
• Kids meals
• Pancakes, desserts and ice creams
• Hot and cold drinks

The business is run by three full time staff including the vendor and two part timers who each work on average twenty five hours per week.
The business is fully equipped for purpose and includes:
• 4 ring gas cooker with oven under
• Twin deep fat fryer
• Burger grill
• Two commercial microwaves
• 2 x 4 slice toasters
• Coffee grinder
• Coffee machine
• Lincat hot water boiler
• Extraction units
• Commercial dish washer
• Three chest freezers
• Three under counter stainless
fridges

The premises are bright and airy with modern well presented equipment throughout so a new owner would have no work to do on takeover.

We are advised that stock at cost is approximately £3,000.

REF; 9619GL

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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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 to Sat: 8am to 6pm Sun: 9am to 5pm
Property:Leasehold
Lease terms:Original lease: 20 years Remaining lease: 13 years Review every: 4 years We are advised that the annual business rates are currently: £9,000
Location:The café/restaurant has an excellent high visibility location in the centre of Cheltenham in Gloucestershire.
The area has huge passing footfall levels, a bus stop immediately outside the premises and there are many large well known branded high street stores nearby who all contribute in attracting customers to the area.
Premises Details:Side entry door from pavement into the spacious café/restaurant which is very well presented throughout.
6 tub chairs by the window, 80 covers in total, cubicle style seating down one side with 8 bays of 4.
Open style kitchen in the centre with counter, cakes and soft drinks chillers, till.
Plasma tv, under stairs stores, rear male and female w/c’s.
Rear prep room and stores with double drainer sink. Back exit to yard, basement not used.
The whole premises have a laminated floor, a suspended ceiling and have many potted plants, mirrors and pictures which
create a good ambience.
The premises also have a 4 camera CCTV system.
Expansion potential:This is quite clearly already a successful business and it still offers excellent potential in the future to increase both sales and profits substantially by: 1. Opening in the evenings 2. Getting an alcohol licence 3. Make full use of the basement – 4. it is only currently used for a little storage 5. Offer a delivery service to the many nearby offices 6. Have a buffet service 7. The whole premises could be converted into a nightclub or bar 8. Having an alfresco service outside the premises, which would be very suitable when the street becomes pedestrianised in a few years time.
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