Business description

This is a particularly sound, well run shoppers cafe in the same ownership for 18 yrs. There is limited competition in the area for what is a traditional cafe offering good honest food realistically priced. This is demonstrated by the high level of sales (in the region of £3,000 weekly, net of vat at an amazing GP margin close to 75%). It is a sound, profitable business in a mature and stable shopping area.

The business is showing a gross profit in excess of £110,000 and a net profit of £45,000 after wages of £28,000. There is thefore scope for a working family unit to increase the net profit to a figure in excess of £60,000.

Property information

Property:

Leasehold

Lease terms:

Term. 10 years from 2005. Renewable with 2.5 yearly rent reviews.
Rent. £17,100 per annum exclusive.

Location:

In a pedestrianised shopping area in the heart of the City of Nottingham.

The business is about 70 yards from the City's Old Market Square.

Other information

Competition / Market:

Whilst there are many food outlets in the centre of this large city there is only limited competion in the immediate area. In fact sales are showing an increase in the last few months compared with the same period last year.

Support & training:

Full support and training will be given.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

8am to 5pm, Monday to Friday. 7.30 to 5pm on Saturday. 9am to 3pm, Sunday.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£7,000