A truly delightful and profitable tea room and café with a 1930's theme.
Ref: C 917
The Cake Shop is a very traditional 1930’s style tea room and cafe run by a mother and son team to the highest of standards. The premises are delightfully presented and immaculately clean and comprise of a front seating and serving area with a screened partition dividing off the kitchen / preparation area which is fully equipped with mostly stainless steel catering equipment, all of which is included in the sale. The business serves a variety of homemade cakes, teas and coffees, sandwiches and toasties, cold drinks, afternoon teas and cream teas. There is a condition in the lease which prevents any frying so as not to cause any annoyance to the nearby residential occupants. Anyone looking for a business of this nature will not fail to be impressed therefore we strongly recommend early viewing.
ACCOMMODATION ( note, all dimensions are approximate )
Ground floor area 402 sq ft being attractively fitted with 5 tables, 12 covers plus 4 covers outside, glass display counter showing a mouth watering display of homemade cakes, scones etc, cash register, two china cabinets with displays of antiques, wood effect floor, two chandeliers and Tiffany style light shade and lamp. Behind the screen is a kitchen / preparation room with stainless steel twin bowl sink, separate wash basin, 2 commercial fan ovens, 2 microwave ovens, toaster, soup cauldron, Dualit frother and steamer for cappuccinos, Jura bean to cup machine, hot water boiler, 2 tall fridges, smaller fridge and small freezer, washing machine, dish washer, Ariston boiler for hot water, Kenwood food mixer, stainless steel preparation tables.
The premises are shown on the Valuation Office Rating web site as having a RV of £9600. Under current arrangements for small businesses, no rates should be payable by most occupiers however interested parties should check this information prior to proceeding.
The property is held on a 6 year lease from April 2016 at £12,500pa + vat. The lease is understood to be on internal repairing terms.
Accounts for year ended 31st March 2017 show sales of £62,412 and an adjusted net profit, assuming a two person team with no wage costs, of around £20,000. Full accounts information can be provided to genuinely interested parties after having viewed the business. Current opening hours are Tuesday to Friday 10.00am to 4.00pm, Saturday 10.00am to 5.00pm, Sunday 10.00am to 4.00pm. Closed Mondays.
The property has an EPC rating of E.
The purchaser will be required to pay 50% of the landlords legal costs involved in assigning the lease.
Around £44,950 + 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