Cafe for sale

Suffolk

£139,950

Property Description

Full description

Tenure: Leasehold

SUPERB CAFÉ & INTERNET USE - SUFFOLK
Fully refurbished premises with only quality materials used
Ideal location with huge scope to grow the business
Monopoly trade 24 hour trade possible
Located on a large industrial estate
Early viewing highly recommended
Good quality turnover high profits
40 covers inside and 15 outside
Huge scope for growth
Open to sensible offers
LEASEHOLD


Location

This superb café/restaurant is located in a densely populated industrial estate on the outskirts of the affluent market town of Mildenhall. Mildenhall is a town steeped in history dating back to the time of the Romans who built the large fort that dominates the town. The town is also home to the American Air Force who have a substantial base that serves the whole of Europe and beyond. The town is renowned for the quality of its regular markets that are held in its centre, selling a wide range of products from antiques to farmer's fayre. The café stands on one of the main through routes of the industrial estate in a very prominent position making it ideal for both workers and business people to grab a breakfast and home made lunch. Mildenhall is served by and has easy access to the M11 motorway and the A14 and A134 trunk routes.


Business History

Meridian Business Sales are delighted to offer for sale this superb café which has been in the careful hands of our clients since 2005. The only reason this exciting opportunity has come to the market is our clients desire to relocate closer to family in the county of Essex. This is an extensive business with a large, well appointed and equipped restaurant area providing a comfortable 40 covers with further areas to the rear of equal size, overall offering substantial trading space. New owners may wish to exploit the additional available space or may wish to consider using it for a second business as it also benefits from a large rear yard. Our clients inform us that the current turnover is running at £164,000pa at a gross margin of 65% and growing due to regular and repeat business plus the increasing account and corporate buffet trade as well as the growing demand for outside catering for weddings etc. There is huge potential to increase this by extending the opening hours. Our clients currently trade Monday to Friday 7:00am - 3:00pm and Saturday 7:00am - 2:00pm however the premises are permitted to trade for 24 hours a day. Due to its' proximity to the American Airbase our clients have advised us that there is considerable demand for longer opening hours and that the turnover could be increased dramatically. The premises would also be suitable for functions due to its size and onsite facilities, which would be a further income stream. The business serves 'all day breakfasts' as well as main meals, snacks and Panini's. In short, the sky is the limit with this business and it really must be viewed to fully appreciate.


Financial Profile & Tenure

Turnover: £164,000, Gross profit: £65%
Stock approx: £2,000

Leasehold - On going lease, Review: 3 years, Rent: £8,400pa


Opening Hours

Monday to Friday: 7:00am - 3:00pm
Saturday: 7:00am - 2:00pm
Sunday: Closed


Accommodation

Extensive ground floor premises on a busy industrial estate briefly comprising of:-

Main entrance with security gates to the door and windows (these can be detached from the building and stored during the day). The main trading area is open plan with a range of tables and chairs to cater for 40 plus covers. The floor is covered with a hygienic safety floor, the ceiling is suspended with halogen lighting and there is soft wall lighting. The main serving counter has a 2 metre glass fronted chilled display unit with a further sales desk with till and Mairali coffee machine plus various branded food displays. There is a relaxing corner with wicker table and 3 matching chairs. The rear kitchen is superbly equipped and meets all of the hygiene standards with equipment such as:-

2 x stainless steel sinks, 4 x industrial grade microwaves, 2 x toasters, 4 pots Bain-Marie, 8 x contact griddles, 2 x 9 litre deep fat fryers, 6 burner range with oven, 4 x panini grills, full stainless steel extraction, preparation tables, walk in 2m x 3m freezer, ice cream freezer.

Further newly built on back kitchen used for sandwich preparation for the ISUZU van which is refrigerated & also has hot ovens. This consists of preparation tables, microwave and meat slicer with full wash down walls. Staff toilets and customer toilets including disabled facilities. Internet café area with 3 x computer terminals plus large wide screen TV and music system, playing a mixed range of music (can also be used to advertise other businesses to generate additional income). To the rear of the unit is a large storage area that runs the full width of the unit.

EXTERNAL - Roller shutter doors to the rear yard. Large gated yard with large security gates and car standing for 12 plus cars. Block paving ready to lay for front table seating area - 3 tables out front



Nearest station

  • Kennett (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest station

  • Kennett (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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