Price: 795000

LOCATION:              A centrally located hidden gem in the main town centre, prime position amongst all the multiples, by far the best fabulous cafe in the city. Much better than any multiple chain cafe.


DESCRIPTION:       Great impressive, 1,500 sq ft unit + 750 sq ft mezzanine floor, cosy, tasteful interior decor and full of character. This is a top quality A3 cafe which is double fronted with 180 covers, with a daily drinks licence to 2 am, wheelchair friendly and outside seating. Inside, there is a hot food section and a cold food section, a cash register and counter section with a tea and coffee area. There is a large preparation area with a separate kitchen and a wash up area, ladies and gents wc’s, a disabled wc, stock room and office. The mezzanine floor provides the additional seating. The rear door leads to a service area and bin storage.


BUSINESS:              In the same hands since 1980 (39 years), the business is run with 2 full time and 15 part time staff taking £10,000/£12,000 pw @ 65% g.p. Good scope to increase  takings to £25,000+ pw with a high demand for a new bar, breakfast fry-ups, burgers and hot food. There is also scope for the unutilized evening trade.


HOURS:                    Monday to Saturday 7 am to 6.30 pm. Sunday noon to 4 pm.


EQUIPMENT:           Fully clad restaurant and very well fitted kitchen with 2 Tolnox bake off ovens, a new DC dishwasher, a new Hyco water heater, a Lincat 4 ring electric oven, a stainless steel trolley, 2 Rancilio coffee machine with  2 grinders, an AA hot water machine, a DC series ice machine, a meat slicer, a 4 door, a 3 door stainless and a 2 door steel preparation fridge, a large drinks cooler, a dessert fridge, a salamander, a hot and a cold display fridge, a 4 pot Baine Marie, 4 industrial  microwaves, 2 panni toasters, 2 cold salad bar fridges, a new extractor system, furniture, etc.


TENURE:                  Secure renewable lease with 5 yearly rent reviews at a current rent of £46,000 pa.   Rates £18,000 pa payable.



NEGOTIATIONS:    Strictly through PEGASUS BUSINESS SALES on 020 7935 3939.

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