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Shop for sale

Gloucestershire

£30,000

Property Description

Full description

Tenure: Leasehold

SUPERB LEASEHOLD CAFÉ - GLOUCESTERSHIRE
Very well known and well respected traditional cafe
Advised turnover £65,000 PA with good GP returns
Trading since 1987 established by current owners Excellent partnership/husband and wife business
Ideal trading location in Cheltenham, Gloucester
Sale price includes all fixtures and fittings
Early interest and viewing is advised
Genuine retirement sale
LEASEHOLD


Location

This superb leasehold cafe is located in the centre of Cheltenham which is part of Gloucestershire. The business benefits massively from its location as the town is very popular drawing shoppers and town centre visitors to the area on a daily basis. There is also a number of nearby homes which provide the cafe with a healthy amount of local customers living within a short travelling distance. Cheltenham is a very desirable business and residential location due to its excellent central shopping, fine housing, good schools, NHS services and beautiful neighbouring open countryside. The town offers famous racecourses, historic attractions and a welcoming and friendly community. Cheltenham also benefits from being situated less than 3 miles away from the M5 motorway which links to the M6, M40 and M4 making visiting and commuting very easy.


Business History

Meridian Business Sales are delighted to offer for sale this superb leasehold cafe which was first established by our clients in 1987 who are only now placing it onto the market due to their strong desires for retirement. The business which is run and managed by our clients achieves a very respectable advised annual turnover of £65,000 which is derived from providing a traditional hot and cold cafe food menu coupled with non alcoholic beverages. The cafe is exceptionally well known and has enjoyed a solid trade for the past 23 years. The business has numerous repeat customers and also sees a healthy amount of new customers largely due to its' highly visible trading location. The cafe is well presented throughout with our clients going to considerable expense and effort on its presentation which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. This is a very favourable opportunity for an individual or couple who are looking for a solid and long standing business which is situated in a highly desirable location. We would like to urge very early interest as businesses of this calibre reary appear onto the market.


Financial Profile

Turnover: £65,000pa
Stock approximately: £10,000


Tenure

Leasehold
Original length: 6 years
Remaining: 3 years
Rent: £7,800pa


Opening Hours

Monday: Closed
Tuesday: 8:00am - 2:30pm
Wednesday: 8:00am - 2:30pm
Thursday: 8:00am - 2:30pm
Friday: 8:00am - 2:30pm
Saturday: 8:00am - 2:30pm
Sunday: 9:00am - 2:30pm


Accommodation

Well presented two storey property featuring 33 cover cafe, large commercial kitchen with utility space, first floor male and female toilets and 2 large storage rooms, briefly comprising of:

Ground Floor
Secure entrance leading to open plan cafe area with 33 total covers with well spaced tables and chairs, front serving area, large menu and specials boards, chilled serve over with additional displays, cash register, coffee machine and cup storage.

Rear cafe seating extended area including total covers, corridor accessing stairs and large commercial style kitchen with fitted worktops, storage and extraction, utility wash area, storage room with fridges and freezers.

First Floor
Reception landing
Male toilets
Female toilets
2 x large storage rooms

External
Situated just off main town centre ringroad
Close by communal car park


Street View

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