Leasehold Café & Portuguese Bistro Located In Royal Leamington Spa

Leasehold Café & Portuguese Bistro Located In Royal Leamington Spa
5 Star Food Hygiene Rating
Licensed
Ref 3047

Asking Price £79,950 plus SAV (2,500)

Location
Veritas Business sales offer for sale this respected Café & Portuguese Bistro which is located on The Parade In Royal Leamington Spa. The town boasts wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure trove of independent, specialist boutiques with all the national chains you would expect to find. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Business Description
Veritas Business Sales offer to the market this delightful Café & Portuguese Bistro which is located in Royal Leamington Spa. The business has been in the careful hands of the current owner for the past 2½ years and they are reluctantly offering the café for sale due to family commitments.
Since ownership there has been continual investment in new equipment along with fixtures & fittings which mainly all bought and paid for (couple of items on lease) and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Cafe is family operated with the help of 1 full time chef & 2 part time front of house staff members and has an average weekly turnover of £5,000. They serve cooked breakfasts, brunch items, breakfast sandwiches, paninis, sandwiches, toasties, soups, jacket potatoes, burgers, salads, pastas, sides, Portuguese signature dishes, specialist coffees, teas, milkshakes, soft drinks, beers, ciders and wines. All fayre is freshly prepared on site to order using only the finest ingredients. The café & hallway display artwork from local artists where commissions are paid to our clients on sales.
We believe that there is further potential to increase revenue by extending the current opening times and serving evening meals and by opening on a Monday. They have built a strong reputation within the local community and beyond for serving high quality food and as such have a high level of regular and repeat trade. They have gained the following ratings, Facebook 5.0, Tripadvisor 5.0 and google 4.9 rating. This is a superb opportunity to purchase a turnkey restaurant in a prime location which would lend itself to a variety of cuisines which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – closed
Tuesday – Sunday – 09:30 – 16:00

Leasehold
Term: 5 years (renewable)
Remaining: 2½ years
Rent: £18,000 pa
Rates: £3,500 pa

Ground Floor
Entrance door leading into main restaurant comprising: tables & chairs to cover (30), condiments trolley, serve over chilled display counter, serve over cake display counter, EPOS till, milkshake blender (Santos), 3 x wall mounted shelves, wooden table, 2 x wall mounted shelves for glass storage, ice maker (Polar), upright drinks fridge, 2 x wall mounted menu blackboards, espresso coffee machine (La Spaziale), coffee grinder, and hot water urn (Lloytron).
Kitchen comprising: stainless steel wash basin, wall mounted paper towel dispenser, stainless steel sink drainer with directional hose, undercounter freezer (Zanussi), 2 x undercounter fridges (Swan), undercounter fridge (Beko), bake-off oven (Smeg), worktop with sink drainer, base units, dual panini press (Buffalo), 4 slice toaster, CCTV monitor (4 camera system), microwave (Russell Hobbs), microwave (Ambiano), 2 x wall mounted metal shelves, wall mounted metal storage rack, deep fat fryer (Nisbets), 2 x single basket deep fat fryers, extraction canopy, 2 x induction hobs (Tefal), plate warmer, central work table, insect zapper and upright freezer (Blizzard).
Hallway with sofa and 2 x baby high chairs.
Gents W/C.
Ladies W/C.
Wash basin with base unit, wall mounted mirror, wall mounted paper towel dispenser and baby change.
Storeroom with upright stainless steel freezer (Xtra), upright fridge and storage area.
Shared fire exit and bin area.
Cleaning cupboard.

Cellar (below ground)
Storage area with storage shelves and chest freezer.

External
Rear yard area (communal).
Items of equipment which are leased are the Coffee machine (La Spaziale) & grinder, upright freezer (Blizzard) and upright stainless steel freezer (Xtra).