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Established Cafe On Busy Trading Estate In Worseter For Sale

Worcester, Worcestershire, UK
Asking Price:
£25,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

We are delighted to present a unique opportunity to acquire a well-established and highly regarded cafe situated in the heart of a bustling trading estate in Worcestershire. This cafe has been a cornerstone of the community for over 40 years, consistently delivering quality homemade food made from fresh, locally sourced ingredients. It serves a diverse and delicious menu that caters to all tastes, making it a popular choice for locals and visitors alike.

Key features:
- Prime location
- Excellent reputation
- Diverse menu
- Long standing operation
- Significant potential for growth

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on lease until December 2026. Current passing rent is £3,250 +vat per annum, exclusive of business rates. Additionally there is a service charge of £42 +vat per quarter and Insurance at £240 +vat per annum. We understand that a new lease will be available simultaneous with the business purchase, with the current lease surrendered at the same time.

Subject to the status of the ingoing tenant it should be noted that the landlord will require payment for a rent deposit of £3,900 to be held for the duration of the tenant’s occupancy and quarterly rent in advance. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Located on a busy trading estate.

Premises Details:

Ground floor lock-up retail unit and outside storage unit.

Size in square feet:
301

Business Operation

Reasons for selling:

Change in the personal circumstances of our client.

Years established:
40