Price: £ 57,500 + sav
A charming and interesting business which attracts much favourable comment.
Ref: C 900
We are delighted to offer this most appealing deli and cafe which is renowned for its award winning foods and wide range of products which include aged balsamics, olive and other speciality oils, numerous quality loose teas, fresh coffee beans, cheeses, freshly baked bread etc etc. The shop opened in 2008 from a relatively small retail unit but then expanded to take over the adjacent premises from which the balsamics etc are sold with a small 11 cover cafe being located to the rear serving light meals and snacks. In our opinion, this is a superb opportunity for two people to run the business together, with some part time assistance.
ACCOMMODATION ( note, all dimensions are approximate )
Sales area approx 15 sq m having glass fronted refrigerated display counterfor chesses and other dairy products, glass cabinet for olives etc, cold meat display cabinet, electronic cash regaister, shelving and displays to all walls.
Rear stock room approx 9.7 sq m having chest freezer and fridge,
Sales area approx 21 sq m having large wooden display counter, numerous vinegars, coffees and teas, electronic cash register, opens to:
Cafe area approx 21.1 sq m having 4 tables and covers for around 11, coffee machine grinder, cooker and oven, microwave etc.
Wc with low level suite and wash basin.
There is provision for a further four tables and chairs on the pavement outside when weather permits.
The premises are shown on the Valuation Office Rating web site as having RV’s of £5900 and £8800 It may be advisable to have the assessments combined if possible to allow for small business relief to be obtained however interested parties should check this information prior to proceeding.
The lease has just been renewed for a further 3 years until June 2021at £15,850pa for the two units .We understand that the lease is on internal repairing and insuring terms however we have not had sight of the lease at the time of preparing these particulars therefore this information requires confirmation.
.Accounts indicate that the business is turning over around £220,000 per annum at around 40% GP. This is achieved on 6 day opening, daytime only, with the proprietor working full time in the business with assistance from 4 part time staff. The cafe is only open 3 days a week so there is huge scope to expand this business. Full accounts information is available to genuinely interested parties.
The property has an EPC rating of TBC.
The purchaser will be required to pay a contribution of 50% of the landlords legal costs involved in assigning the lease.
Around £57,500 + sav.
By arrangement with The Agents on 01904 794812.
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.
All prices and rents are deemed to be exclusive of any VAT which may apply.
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease