Business for sale

Business description

Well presented premises with a distinctive look and feel. Forty-eight covers with ten more available to the front. Set amidst pretty tree lined parade of complementary businesses. Three bed, two reception maisonette flat included, producing rental income, but would serve as family accommodation. Own parking and single garage. The town is considered an affluent and densely populated conurbation on the Wirral. Currently the business offers both classic and contemporary dishes and has loyal and regular customers. The current owner also offers some outside catering and private functions. The Cafe is open 9.30am to 5pm Mon-Sat, with 6 part-time members of staff, some of which are casual saturday staff only.

Comments
Based on the averages of the last 3 years accounts:
Turnover c£84k
Gross Profit c£69k
Net Profit c£14k
Adjusted Net Profit c£38,430
Currently the private accommodation is sub-let and is producing a rental income of £450 per month.
The vendor informs us that the current landlord will offer a new lease based on terms of mutual benefit to new occupiers. Current rent is £1666 per month for the whole property.
We are also informed that the current landlord is open to suggestions with regard to change of use , restaurant, bistro or similar.
The business appraisal is based on the Adjusted Net Profits, part of that calculation involves adjusting the staff costs to reflect the operation being run by 2 full-time owners. The guide price reflects this adjustment.

Viewing
Strictly via Adams and Co
Details
Property briefly includes; 2 Bedrooms, 2 Reception Rooms, 1 Bathrooms, Yard, please enquire for further information.




WN1063