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Cafe for sale

1 The Green, Sherborne, Dorset, DT9 3HY

675 sq. ft. | £50,000

Property Description

Commercial information

  • Business for sale
  • 675 sq ft (62 sq m)

Full description

Tenure: Leasehold

LOCATION
The business is within the heart of Sherborne just off the A30 overlooking Cheap Street.

THE PROEPRTY
1 The Green is an end terrace listed two storey property comprising on the ground floor a bakery and on the first floor a café with approximately 30 covers.

The accommodation provided is as follows;

Retail area approx. 253 sq ft
Kitchen approx. 82 sq ft
First floor Café approx. 340 sq ft

THE BUSINESS
Since opening in 2009 the Bakery Café has become a popular and established business in Sherborne High Street. Independently owned by Barry Smith the Bakery prides itself in the fact that everything is made fresh instore every day. Opening 6 days a week from 8am including two very popular Pizza evenings on Thursdays and Fridays with private hire available a swell. The Bakery also supplies most of the local restaurants and fine dining pubs with their bread requirements. Seating for up to 30 in their upstairs café. Links are available on Google maps, Trip advisor, Twitter (@bakerycafes) and Facebook (The Bakery Café).
The sale price includes a full inventory of equipment including a bread oven, various freezers, baking equipment, furniture and furnishings.

3 years trading accounts are available on application.

THE LEASE
The property is held on a leasehold basis. The lease commenced in May 2009 for a term of 12 years to May 2021. It is a secure lease and the passing rent is £17,880 per annum. The lease will be assigned to the purchaser.

SERVICES
Mains electric, water and drainage.

No tests have been carried out in relation to services, nor are we able to comment on their condition.

TENURE
Leasehold.

PRICE
£50,000 plus VAT to include goodwill and the equipment inventory. Stock at valuation is excluded from the sale price.

LEGAL AND OTHER INGOING COSTS
Each party to be responsible for their own legal costs.

BUSINESS RATES (VOA listing 2010)

Description - Shop & premises
Rateable Value - £6,800

ENERGY PERFORMANCE CERTIFICATE

Not applicable.

FINANCE ACT 1989
Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT).

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