Business for sale

Business description

LOCATION

The café is ideally located in the very heart of Gloucester with large volumes of passing traffic and with the park and ride bus stop being directly outside.

There is an all day regular and consistent stream of customers.

The whole area is due to be redeveloped over the next few years, which will increase trade with all the workmen required and when completed by large tourist numbers and city dwellers who will be attracted to the nearby regenerated docklands.
The café is surrounded by many offices such as solicitors, accountants and architects. The university is an approximately 15 minutes walk away.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and profitable café.

The business, which was established over 45 years ago has been in the hands of the current vendor for 9 years and is only now being reluctantly offered for sale as she is planning to emigrate.

The café, which has 42 covers, offers traditional British fayre including:
• Omelettes, pies and chips
• Sandwiches, rolls and baguettes
• Toasties
• Hot and cold drinks
• Burgers
• Good varied breakfast options

The café has excellent kitchen facilities including:
• 4 ring gas cooker with over under
• Double griddle
• Double fryer
• 3 pan bain marie
• Panini grill
• 2 microwaves
• 3 tall fridges
• Chest freezer
• Chiller
• Grill
• Washing machine and dishwasher

In addition, there are two fridges and an excellent coffee machine by the serving counter.

The café employs 2 part time members of staff, who work 20 hours per week each, a Saturday girl and the vendor full time.
The business is also available as a leasehold at £35,000.
EXPANSION POTENTIAL
Whilst the vendor already has a successful café, there is still excellent scope to increase both turnover and profitability further by:
1. Opening earlier to take advantage of the early morning trade
2. Taking phone orders from and delivering to the large number of local offices
3. Offering a buffet service
4. Leaflet drops to advise the facilities
5. Applying for an alcohol licence to attract businessmen and workmen before they go home

TRADING HOURS
Mon – Fri: 9.00am – 5.00pm
Sat: 9.00am – 4.00pm
Sun: closed

FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Annual sales: £80,000
Gross Profit: £50,000
Net Profit: £24,000 P.A.

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

BUSINESS PREMISES
Double glass frontage with central doorway leading to:

Ground Floor
• Main café area with 36 covers on the lower level
• Step up to the counter and serving area with 6 further covers
• Through corridor with side room off with a range of fruit machines (income split with vendor/provider)
• Outside door to courtyard/smokers area with 4 covers
• Down stairs to basement with w/c’s
• Storeroom
• Corridor to rear fully equipped kitchen and preparation area
• Rear door to rubbish bin area
• Access from inside café to first and second floor residential accommodation which is available at a rent of £650 per month – includes: 2 double bedrooms, kitchen, lounge, bathroom

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 10 years
Review every: 5 years
Rent: £11,000 PA

We are advised that the annual business rates are currently: £703

We are informed by our vendor that whoever purchases the business will be given first refusal to purchase the freehold of the property at open market valuation.