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Cafe for sale

Burchester Place, Banbury, Oxfordshire, OX16

Guide Price £135,000

Property Description

Commercial information

  • Business for sale

Key features

  • Extremely busy beautiful authentic Italian restaurant café
  • Weekly turnover £3,500
  • Excellent location, high footfall, spacious dining area
  • Additional outside seating, viewing highly recommended

Full description

DESCRIPTION
This is an excellent and very rare opportunity to purchase a very well established Italian restaurant, occupying an excellent trading location. The restaurant cafe is located on busy parade of shops, at the very heart of a sought after residential area.

Having successfully operated under current ownership, this highly renowned business has earned an excellent reputation for offering the very finest quality Italian food and drink that always come with a warm, friendly and a very local service. The business therefore enjoys an extensive and loyal customer base, attracting repeat trade from the immediate vicinity as well as neighbouring villages and towns. Offering its customers, a traditional home cooked menu from fresh ingredients that can be eaten in or takeaway. The premises are also licensed for the sale of alcohol.

The business operates from an excellently positioned premises with ample free off road customer parking. There is a total of 45 covers inside, this business also comes with the option of a number of covers outside to the front of the business. The business is presented to a very high standard with an excellent range of fixtures and fittings to go with the sale.

This is a thriving and lucrative business which is run by the owner and staff, offering a fantastic menu with some of the finest dishes. The business operates 6 days of the week and offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple or family that have the opportunity to extend and add to the excellent menu already on offer at this excellent restaurant cafe.

These enhancements will undoubtedly increase the already impressive weekly sales, whilst also enabling the additional staffing levels to be kept to a minimum therefore maximising overall profitability.

This is a first class, high turnover, rare business opportunity. A viewing is therefore highly recommended to avoid disappointment.

WEEKLY SALES
Currently shop sales average £3,500 approximately.




ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday 17:00 - 23:00
Tuesday - Saturday 11:30 - 14:00, 17:00 - 23:00

STAFF
The business is managed by the owners, with full/part time members of staff.

PROPERTY
The end of terrace ground floor lock up premises enjoys a high level of foot fall and free ample off road customer parking.

RESTAURANT AND BAR AREAS
The open plan dining area enjoys a spacious and airy feel, complete with 45 covers. There is a bar and an open plan kitchen and preparation area along with W/C facilities.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a 20-year lease which commenced in 2015. The annual rent is £16,200 exclusive (correct as advised on 17/02/16). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
A very rare opportunity to purchase a highly profitable business, with potential to grow the retail section of the business to enhance for future growth and improvement. To avoid disappointment, viewing is highly recommended.

More information from this agent

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