Licenced Coffee shop and Patisserie superbly located in the old High Street in Kenilworth Warwickshire a short walk from Kenilworth castle. The business which serves breakfasts lunches and afternoon teas has been operating since July 2015 and also offers celebration cakes home made by the owner. The delightful ground floor double fronted premise comprises seating/café area (500sq.ft approx.) having at present around 38 covers with various tables and chairs plus sales counter with serving area. There is a very modern well fitted disabled WC and store room. To the rear there is further storage area fully fitted and equipped kitchen with bakery equipment office and staff WC with outside rear parking space and store area. The property is secured on a lease with a rent of £17,400 per year and with no business rates to pay. Hours 9.00am to 5.00pm 7 days. Gross takings average £2,500 per week with a gross profit yield of 70%. Great opportunity to improve the current takings and opportunity to operate as an evening restaurant.
- Asking Price:
- £69,950
- Turnover:
- £130,000
- Net Profit:
- £50K - £100K
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
A new lease will be available
- Leasehold Rent:
-
£174,000 per annum
- Location:
-
The business is superbly located on the picturesque old High Street in Kenilworth
- Premises Details:
-
The delightful ground floor double fronted premise comprises seating/café area (500sq.ft approx.) having at present around 38 covers with various tables and chairs plus sales counter with serving area. There is a very modern well fitted disabled WC and store room. To the rear there is further storage area fully fitted and equipped kitchen with bakery equipment office and staff WC with outside rear parking space and store area.
- Planning Consent:
-
A3 Cafe & Restaurant Use
Business Operation
- Reasons for selling:
-
The owner now has a child and would like a family life
- Trading hours:
-
9.00am to 5.00pm 7 days
- Employees:
- owner plus 5 part time staff
- Years established:
- 5 years
Other Information
- Financing available:
-
Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service please telephone us on 01564 739797 for contact details.
