Leasehold A3 Cafe and Restaurant in Stratford Upon Avon For Sale
This established Cafe and Restaurant is located in the heart of Stratford Upon Avon's vibrant town centre which is the birthplace of William Shakespeare and home of the Royal Shakespeare Theatre. The town is steeped in culture and history and is set in the beautiful rural Warwickshire countryside, on the banks of the river Avon. It is one of the most important tourist destinations in the UK receiving over 4.9 million visitors.
Leasehold Asking Price Offer Over: £99,950 plus SAV (£1,600)
Term: 10 years
Remaining : 6 years
Reviewed: 5 yearly (due July 2021)
Rent: £32,000 plus vat pa
Veritas Business sales are delighted to offer for sale this respected Cafe and Restaurant which is located in Stratford Upon Avon. The business has been established for over 30 year and has been in the careful hands of our client for the last 17 years. Reluctantly they are now offering the business for sale as they are looking to now relocate. Since purchasing the business our clients have continually invested in new equipment, along with fixtures and fittings which are all brought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time. The business is owner operated and employs 4 full time and 3 part time members of staff along with 2 Saturday helpers. For year ending 31st March 2019 they posted an annual turnover of £247,749 net of VAT with a GP of £181,422 (73%) and close for 4 weeks of the year for holidays. They serve a selection of delicious home cooked foods from, quiches, breakfasts, main course meals, sandwiches, baguettes, soups, salads, paninis, jacket potatoes, tea and coffee, cold drinks, wines and bottled beers. We believe that there is further untapped potential to increase trade by pushing the outside catering, introducing evening openings as a bistro to attract the theatre trade and by opening on Sundays. The Deli Cafe enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is heavily reliant on the many visiting tourists. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.
Monday - Saturday - 8.00am - 5.00pm
Sunday - closed
Restaurant comprising: tables and chairs for (60), double door drinks chiller, fridge, work surface, condiments area with fitted units and sales counter with cash register. Front kitchen comprising: espresso coffee machine (Iberitial), coffee grinder, hot water boiler, milk dispenser, salad/topping fridge with under counter fridges, griddle, crisper, electric oven, stainless steel work tops with under counter fridges, fridge, 3 x microwaves, 4 x pot bain-marie and wash basin. Second restaurant comprising: tables and chairs for (26)
Staff W/C and wash basin
Office with walk in freezer
Ladies W/C and wash
Gents W/C and wash basin
Catering kitchen comprising: commercial 4 burner gas hob and oven, 4 x deep fat fryers, extraction unit, dough mixer, double sink drainer, wash basin, microwave, washing up area with jet spay rinse, sink and dish washer.
Hallway with fridge and freezer.
Front area with seating for (12)
Rear shared courtyard with vendors parking for (4)