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Cafe for sale

Ruby Junes Indian Kitchen, Unit 2, Hayle, Cornwall

£69,950

Property Description

Key features

  • ESTABLISHED INDIAN SAUCE & FOOD PRODUCTS BUSINESS
  • OPERATING FROM 110 SQM UNIT
  • VERY WELL EQUIPPED & PRESENTED
  • REMAINDER OF SECURE/RENEWABLE LEASE
  • A RARE & PROFITABLE BUSINESS OPPORTUNITY
  • EPC (TBA)

Full description

Established, profitable and well equipped Indian Sauce & Food Products business offered with the remainder of secure/renewable lease.

Location - Ruby Junes Indian Kitchen is located on the Marsh Lane Industrial Estate, in Hayle, just off the A30 in West Cornwall, which is therefore an excellent location to service a number of businesses and towns within a 20 to 30 mile radius.

The business is held under a lease arrangement and could of course be relocated to a similar unit if so required.

The Property/Business - Ruby Junes comprises an industrial unit of circa 110 sqm, with circa 70 sqm being on the ground floor, with a further 40 sqm on a Mezzanine first floor. The premises are divided to provide a reception/working area (with walk-in upright fridge and freezer), through to a very well equipped commercial kitchen, with preparation and washing up areas off. The premises are of modern construction and in our opinion are well equipped and fit for purpose.

In terms of the trade, we understand the clients have had a business of this type for the past circa 8 years, and have operated for the past 4 years at this unit and are now considering a sale due to other commitments away from this sector.

The business is concerned with the production and sale of Indian sauces and associated food products principally to the public, trades all year round, from Monday through to Saturday and is principally run by our two clients, with one part time and full time member of staff. We are advised the trade split is approximately 50 to 65% selling direct to the public via a series of farmers markets throughout the week, with 25% being attributed to the wholesale delicatessen/farmshops market and the remainder being to catering suppliers.

The trading profit and loss account for the year end April 2016 showed net sales of £100,000 with a gross profit level of 75% and an adjusted net profit of £42,500 (after deducting all normal overheads and wages of £13,000). Further accounting information will be made available subject to a viewing appointment in the normal manner.

For further information regarding our clients business please see the website www.junesindiankitchen.co.uk, which describes an introduction to the business and also the range of sauces available.

The Accommodation Comprises - (all areas and dimensions are approximate)

Entrance door into:-

Reception/Retail Area - 6.67m x 4.63m. With built-in counter, large walk-in fridge and walk-in freezer (Valera), with large manual roller shutter door to the front. Stairs ascending to the first floor Mezzanine. Through to:-

Commercial Kitchen - 6.05m x 4.14m. With wipable walls, commercial non-slip flooring. Principal cooking equipment to include 6 ring gas cooker, with 6 vent extraction system over, 3 fryers, numerous stainless steel work benches, 1 hotplate. Through to:-

Wash Up Area - 2.48m x 2.36m. With commercial stainless steel deep sink. Through to:-

Preparation Area - 3.42m x 2.35m. Stainless steel work bench with inset sink, chest freezer.

From the front area stairs ascending to the first floor.

Second Floor/Mezzanine - An open area 6.60m x 6.0m. Space for storage etc and with staff wc.

Tenure - Leasehold - We are advised the business is held by way of a Council lease commenced February 2011 for an initial period of 7 years, on an internal repairing and insuring basis at a current passing rental of £5,160 per annum, plus an Annual Service Charge for the external maintenance of £125 per annum. We are advised the lease enjoys the Security of Tenure, i.e. meaning that it is automatically renewable at the end of the initial term upon request.

General Information -

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate - The Energy Performance Rating for this property is to be advised.

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates - We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock - To be taken at valuation.

Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance - If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information - For further information or an appointment to view please contact either:-

Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverly Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


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