Financial Details
Asking price: £70,000
Sales revenue: £104,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and popular café/restaurant.

Founded over 8 years ago and owned by the present vendor for over 5 years, the café/restaurant is only now being reluctantly offered for sale to enable him to concentrate on his other business interests.

Our client provides an excellent selection of hot and cold foods which are freshly prepared on site including:
• Sandwiches and baguettes
• Jacket potatoes
• Panini’s
• Omelettes
• Breakfasts
• Seafood
• Salads
• Burgers
• Veggie dishes
• Grills
• Full dinners
• Pancakes
• Desserts
• Ice cream
• Hot and cold drinks

The business, which has 60 covers has 3 full time staff including the vendor and is fully equipped for purpose including:
• 4 ring gas cooker with built in oven
• Stainless steel extraction unit
• 2 x 4 slice toasters
• Twin deep fat fryer
• 9 pan Bain Marie
• Griddle
• 2 microwaves
• Till
• Lincat hot water boiler
• Bolero coffee machine
• Dishwasher
• 2 upright freezers
• 4 door under counter fridge
• 1 upright fridge
• 1-5m open soft drinks chiller
• 1 chest freezer
• Red bull chiller
• Stainless steel clad walls

Turnover is currently circa £2,000 per week. The vendor believes that a focused new owner could bring this back to £4,000 per week which was the level previously achieved.

We are advised that stock at cost is approximately £2,000.
REF: 9429GL
General Information
Trading hours:Mon-Sun: 8am – 5pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 9 years Remaining lease: 1 years Review every: 5 years Rent: £14,500 We are advised that the annual business rates are currently: £4,000
Location:The café/restaurant is ideally located on a busy and popular parade in the affluent town of Cheltenham in Gloucestershire. There are numerous other small complimentary businesses on the parade who all contribute in attracting high footfall levels to the area.

Nearby in Cheltenham town centre are many large multi national concerns such as Marks and Spencer, BHS, Primark, Littlewoods and many more.

Parking is pay and display in any one of the numerous car parks around the city centre.
Premises Details:BUSINESS PREMISES
Spacious ground floor mid terraced lock up premises briefly comprising:

Ground Floor
• Centre entry door from the pavement directly into the café/restaurant with 60 covers spread evenly around the premises with a central low level partition
• Rear open kitchen
• Back prep room
• Side store with rear male and female w/c
• Side exit
• Laminate flooring
• Suspended ceiling with 2 fans
Expansion potential:The business offers excellent scope to increase both sales and profits by: 1. Increasing the low prices currently charged 2. Having a bread oven and so offering fresh bread for sale 3. offering a takeaway delivery service to the many nearby offices and businesses 4. applying for an alcohol licence so they be offered for sale with lunches 5. offering gluten free options
Related documents:PDF document iconDocument

Advert Options