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Cafe With Diner Three Bed Flat In Southampton For Sale

Southampton, Hampshire
Asking Price:
£135,000 Furniture / Fixtures included
Turnover:
£230,688
Net Profit:
Available on request

Daytime café/diner, with 3 double bed flat above, AMIDST BUSY SHOPPING Thoro’fare, on resi. Outskirts of southampton. Offering all day breakfasts & lunchtime specials. Traditionally fitted with formica topped tables & bench seating for 68, plus paved rear trade garden seats 40. Catering kitchen. 3 dble bed flat above. CH. D/G. Retirement sale – same hands 11 yrs. Open 8 am to 5 pm – 6 days. Takings £5,500 pw. Recorded T/O £230,688 (ex VAT). GP 74%. Accounts available. 10 yr lease from May 2016 at £25,500 p.a.x. - £135,000 + S.A.V. (Ref. C.3779)

Property information

Property:

Leasehold

Lease Terms:

Leasehold – Terms not verified. The Vendors advise us that the premises are held on a lease for a term of 10 years, which we understand commenced in May 2016. The current rental amounts to £25,500 per annum, exclusive, subject to review.

Leasehold Rent:

£25,500 per annum

Living Accommodation:

• An internal flight of stairs give access to the flat above the café which comprise, on the first floor, a lounge/dining room, a small double bedroom, a kitchen (that is currently used as an office) and a bathroom with bath that has a shower attachment, toilet and wash hand basin
• On the second floor there are 2 further double bedrooms
• NOTE: The flat has double glazed windows and central heating

Location:

Situated amidst a busy shopping thoroughfare on the residential outskirts of Southampton.

Premises Details:

• Approached across a wide pavement, the Café has an eye-catching single frontage with ramp to 2 entrance doors
• Traditionally fitted with formica topped tables and bench seating that comfortably accommodate approximately 68 covers
• To the rear of the Café there is a service counter with 2 electronic cash registers, a hot water still and a doorway to the kitchen
• The comprehensively equipped catering kitchen has a non-slip floor covering and white tiled walls and includes a griddle, gas cooker, extraction hood, under-counter fridge, under-counter freezer, a double door and a triple door counter fridges, 4 microwave ovens, etc.
• There is also a wash-up area with a commercial dishwasher and a commercial sink unit
• Adjoining the kitchen there is a store room with 3 freezers
• A passageway from the seating area gives access to separate ladies’ and gents toilets, a small storage cupboard and the rear, paved trade garden that has 8 tables with seating for 40
• There is also a store room/family room, that has power & light and there is pedestrian access from the road to the rear of the property, where there is a bin area

Business Operation

Expansion Potential:

In enthusiastic hands it is considered that there is plenty of scope to open later in the evening and on Sunday.

Reasons for selling:

Retirement.

Trading hours:

8.00 am and closes at 5.00 pm from Monday to Saturday.

Employees:
1 full-time and 4 part-time assistants, together with 2 students on Saturday.
Years established:
Same hands - 11 years.

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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