Restaurant for sale

Rother Street, Stratford-Upon-Avon, Warwickshire, CV37

Offers in Region of £99,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes and A4 Drinking Establishments

Key features

  • Leasehold
  • Prominent town centre location
  • Licensed
  • Cafe bar
  • Further potential
  • Function room
  • Fully fitted
  • Front & rear external seating
  • 1 Bedroom accommodation above available at extra rent
  • Ice cream cart

Full description

Tenure: Leasehold

Leasehold Independent Café & Bar
The Avon Lounge, Located In Rother Street, Stratford Upon Avon CV37 6LP
Licensed
Ref 2399

Location
This outstanding Café & Bar is located in the heart of Stratford Upon Avon directly opposite Stratford Playhouse, home of the Orchestra of the Swan and Stratford Literary Festival, both of which bring significant business. Hotel du Vin is adjacent which is a 48-bedroom hotel and brings high levels of footfall to the area along with the old Farmers Market which operates every Friday and Saturday and located within the square of The Avon Lounge. This thriving historic town is the birthplace of William Shakespeare, steeped in culture and history. Set in the beautiful rural Warwickshire countryside, on the banks of the river Avon, it is one of the most important tourist destinations in the UK, receiving over 4.9 million visitors per annum.

Asking Price: £99,950 plus SAV (£1,000)


Business Description
Veritas Business sales are privileged to offer to the market this respected Café & Bar which is located in Stratford Upon Avon. There has been a restaurant trading from these premises since 1998 and this has been in the careful hands of the current owners since December 2018. Reluctantly, one of the business owners is having to relocate to another area due to work commitments and therefore will not be available to support the business. The new owners before this work relocation news was learned were on an exciting journey with the introduction of many new business initiatives. The premises have been transformed from a traditional café into a Mediterranean theme café/bar and has been granted a premises license and entertainment license. The business has a very good day trade as a café and will further benefit with the opening of the evenings and weekend nights which are becoming a success with live entertainment and Karaoke. The premises benefit from Bi fold front doors which fully open and really gives that holiday feel/experience in the summer. The owners have invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price, which is a huge plus for a new owner as additional funds will not be needed to spend for some time. The business is owner operated and employs the help of 2 full time staff. The turnover is seeing continual growth and currently stands at circa £4,000 per week. The Avon Lounge serves a fine range of cooked breakfasts, daily specials, traditional classics, sandwiches, panini's, jacket potatoes, omelettes, salads, homemade cakes, specialist coffees & teas, cold drinks and alcoholic beverages including draught beers. All fayre is freshly prepared on site to order, using only the freshest locally sourced produce. Any new purchaser would benefit from natural growth due to the great work that has already been achieved. We believe that there is still further potential to increase revenue by growing the evening trade and private parties as the premises benefit from a separate rear function room, recently refurbished with patio doors opening into a secluded private courtyard garden. The owners had just purchased an ice cream cart to sell ice cream at the front of the café/bar on a Saturday and Sunday (Market days) and start catering for ice cream parties. The business plan also included to offer outside catering as the kitchen facility is sizeable and would easily accommodate this new business. This business has so much opportunity to diverse new opportunities. If required there is a one bedroom flat available above the café/bar which can be used for owner accommodation or let as Airbnb, which would generate further business as in the peak periods accommodation is very difficult to obtain in Stratford Upon Avon due to the busy nature of the town. The café/bar already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passing tourists which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.


Opening Hours
Monday - Thursday - 8.00am - 5.00pm
Friday & Saturday - 8.00am - 11.00pm
Sunday - Closed

Leasehold
Original term: 10 years
Remaining: 7 years (Can be extended with agreement from Landlord)
Reviewed: 5 yearly
Rent: £21,000 pa
Business Rates: zero
A self-contained 1 bedroom flat above can be made available @ £475 PCM

Ground Floor
Café comprising: seating for (37), serve over sales counter with EPOS electronic cash register, 3 wall mounted TV's, front bi-folding doors to frontage, rear doors to yard area, upright drinks fridge, hot water boiler (Lincat), wash basin, espresso coffee machine (La Spaziale), coffee grinder, work surface, units for crockery storage and a milk fridge.
Ladies W/C with baby changing and hand wash basin. Gents W/C with hand wash basin. Catering kitchen comprising: 2 x bread ovens (Hobart), 2 ring electric hob, grill, microwave (Belling), extraction unit, 3 door under counter fridge with salad topping unit, double panini press (Buffalo), slow cooker (Andrew James), stainless steel work surfaces, stainless steel double sink, boiler (Stiebel Eltron) and dishwasher.
Office. Rear function room seats 16.

Basement
Storeroom
External
Front seating for (8) Rear courtyard with seating for (20), portable bar and gas BBQ. Rear parking for (2) cars
 
EPC Rating D


Nearest stations

  • Stratford-upon-Avon (0.3 mi)
  • Stratford-upon-Avon Parkway (1.4 mi)
  • Wilmcote (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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.

Map & Street View

Nearest stations

  • Stratford-upon-Avon (0.3 mi)
  • Stratford-upon-Avon Parkway (1.4 mi)
  • Wilmcote (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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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