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Busy Internet Cafe In Reading Town Centre For Sale

Reading, Berkshire
Asking Price:
£30,000
Turnover:
£50K - £100K
Net Profit:
Under £50K

We're situated in the highly sought-after part of Reading, minutes walk from The Oracle, Reading Central.

This is the UK’s longest running internet café and games business. Winners of various awards for coffee, and service and rated 5 stars with ‘scores on doors’, this is licensed premises and we are well known for our coffee, delicious freshly prepared food and drinks.

As well as browsing the internet, gaming, printing and scanning, customers can hire an office for meetings, or hire the upper floor gaming room with 16 screens for gaming parties, or non gaming parties (such as a presentation).

Very smart single fronted shop set over 2 floors. On the ground floor, a fully equipped café and kitchen area (13’6’’ x 29’/4.11m x 8.83m) with service counter, cake and snack displays, alcohol dispense section, preparation area, panini double grill, convection oven, 2 x freezers, 2 x fridges, microwave etc. Customer seating.

Open plan internet café area behind (10’4’’ x 21’8’’/4m x 6.7m) consisting of 5 computers used for internet browsing, printing and office work. Outside pavement seating.

Stairs leading to first floor, consisting of Office, Ladies/Gents separate toilets, large gaming room (28’ x 13’8’’/8.53m x 4.26m) 16 x gaming computers in a spacious setting including a large flat screen television connected to XBox.

Premises held on a lease, there are approximately 3 years unexpired, at a rent of £20,000 per annum plus Vat. Rateable value £19,250 (rates paid – circa £9240 per annum 2018/2019). Rates of 2019/2020 circa £550 per month.

Full late night premises licence, including alcohol, A3, outside seating, and restaurant.

The business is old established (1999) and we is currently the UK’s longest running internet café and Games Zone. The average takings are around £2,000 per week. Financials are available on request to a serious buyer.

VAT Registered Business.

Flexible on the price for a quick sale.

Property information

Property:

Leasehold

Location:

We're located in what the locals call Smelly Alley. Near us are Holland & Barrett, Boots, The Oracle, Broad Street Mall.

Premises Details:

2 Floors, A3, Late night premises/alcohol licence, food licence, seating licence.

Business Operation

Expansion Potential:

More gaming parties, and improving the food.

Competition / Market:

There is no one in direct competition with us. There are some places that overlap, but non that directly compete. Our nearest competitor is Snappy Snaps, but we have a good relationship with them, and send business to each other.

Reasons for selling:

I want to move onto other things, and

Trading hours:

Monday-Friday 9am-8pm
Saturday 9am-7pm
Sunday 10am-6pm

Although in the winter, it might be worth adjusting the weekend hours to close an hour early each day.

Employees:
2 Full Time, and myself.
Years established:
1999

Other Information

Support & training:

Happy to give as much, or as little training or involvement as required.

Inventory / Stock value:
£2,000

Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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