Property Information
Address:
Peterborough, Cambridgeshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH512031
Property Ref/Agent: 2965-ferrari-and-039s-caf-and-eacute-peterborough-pe3-6ex
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this well established and very popular caf business in Peterborough, Cambridgeshire.
The business was established by our clients in 1988 and is only now being offered to the market due to our clients' desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of 73,300 per annum, with a gross profit of approximately 73%.
Our clients offer a wide variety of fayre including snacks, burgers, hot filled rolls and sandwiches, omelettes, salads, full English breakfasts, vegetarian breakfasts and hot meals, as well as a selection of hot and cold beverages. Our clients also currently offer a delivery service within the immediate area.
The property boasts a spacious caf area with 28 covers to the ground floor and a one bedroom self-contained flat to the first floor, with its own separate entrance, which could be used as owners' accommodation, or let out to generate further income.
The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel the turnover could be increased by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to promote the goods and services offered or introduce an outside catering arm to the business.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving and popular caf business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 20 years
Remaining lease length: 4 years
Review every: 5 years
Rent: 385 per month.HOURSThe business is open:
Monday
- Saturday: 5.00am - 1.30pm
Sunday: ClosedSTAFFThe business is owner run and managed with 3 x part time staff members.FINANCIAL PROFILEThe business generates a turnover in the region of 73,300 per annum, with a gross profit of approximately 73%.
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