This business is on the market for the first time since it was started in 2011, when the current owner set up this traditional Italian Café/Bistro he and his son now own and run it and have now decided that they want to concentrate on their other business interests.
The certified accounts show an annual turnover in excess of £213,000 for the financial year ending March 2023. These accounts also show an adjusted net profit of over £81,000. Management accounts for the current financial year project an increase in turnover of £75,000 and an additional £30,000 in net profit. These accounts will be available from April 2024.
Our clients currently work in the business full time. This business would work best for a full time working owner/couple who would be able to sustain the net profit at its current level. There is plenty of room for growth with our clients currently not opening for breakfast at all, and only opening 4 days per week with the occasional Wednesday evening if they have bookings.
This business comes with a secure, 15 year renewable lease with a current rent of £18,000 per annum inc. VAT. This is due for renewal in 2026.
Viewing strictly by appointment only.
Price to include the goodwill of the business, the remaining term of the lease and the entire inventory of trade fixtures, fittings and equipment. Our client will also provide any advice or assistance on handover if required.
