Cafe for sale
Property description & features
- Long Standing Café Business; Genuine Retirement Sale
- Low Establishment Costs with Potential to Extend Trading Hours & Menu
- Trade Area Comfortably Seating 43 Internally, 12 'Al Fresco'
- Well Equipped Commercial Kitchen & Service Counter
- Ideal Owner/Operator Lifestyle Business
MAIN TRADE AREA - 25' 1'' x 20' 4'' (7.64m x 6.19m)
With two entrances, one from South Street opposite the zebra crossing, one off the pedestrianised area at the top of Union Street. Seating at a selection of tables with upright chairs and booths. Open plan area with:-
SERVICE COUNTER & KITCHEN
With large freestanding chiller display cabinet, hot water & steam boiler, cash register, large glass fronted drinks fridge and wall mounted blackboard menu. Well equipped Kitchen with commercial catering equipment including; Commercial extraction, Polar fridge & Arctica freezer, stainless steel splash back and prep tables, Lincat 2 pot Bain Marie, 2 x table top deep fat fryers, contact griddle, double toastie machine, Dualit toaster and Sharpe commercial microwave. Wash hand basin and 1 ½ sink with drainer. Door leading through to:-
LADIES CLOAKROOM
REAR COURTYARD
Covered area with Gents Cloakroom, Store Room with large upright freezer. Bin Storage. Exit to Union Street.
GENERAL INFORMATION
TENURE
The current lease expires in December 2024; however, we understand a new lease with internal & shopfront repairing and insuring obligations will be available via negotiation with the Landlord at a passing rent of £9,500 per annum.
BUSINESS
The café is owner operated with the assistance of a full time employee. The owners choose to trade until 3pm only and keep the turnover below the VAT threshold, whilst still producing a good level of net profit. Should the next proprietors wish to there is the potential to trade longer hours and extend the menu to increase the turnover and profits.
RATEABLE VALUE
2023 List: £9,400. Please note this is not Rates Payable. 100% Small Business Rates Relief will be available to eligible parties. Interested parties are to make their own enquiries with the Local Billing Authority, Torbay Council.
LEGAL FEES
The ingoing tenant to be responsible for Landlord's reasonable legal costs relating to the set up of the new lease.
SERVICES
The premises is connected to mains electricity, gas, water and drainage.
INVENTORY
To include furnishings and equipment as per an inventory to be supplied but excluding the owners personal effects.
STOCK
Wet and Dry stock in trade will be taken over by the purchaser at valuation on the day of completion.
EPC RATING D
Tenure: Leasehold
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