Licensed Cafe and Deli In Leamington Spa

Licenced Cafe & Deli In Leamington Spa For Sale
Ref 2056

Location
This outstanding concern is located on a main High Street in the heart of Leamington Spa town centre with 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 in a large city. 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 information
Asking Price: £39,950 plus SAV
Turnover: £200,000 pa
GP: 54%
Stock: £1,500

Leasehold
Lease term: 10 years (new 6 year lease available)
Remaining: 10 months
Rent: £22,500 plus vat pa
Rates: £8,250

Business Description
Veritas Business Sales are delighted to offer for sale this respected Cafe & Deli which is located in Royal Leamington Spa. The business has been established for over 10 years and has been in the careful hands of my client for the past 3 years and is reluctantly being offered for sale due to family commitments. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for 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 business is owner operated and requires the help of 4 part time members of staff and has an annual turnover of around £200,000 .They cafe which equates to approximately 70% of the turnover serves a fine selection of home cooked light lunches such as, ciabattas, sandwiches, homemade soups, salads, tarts, pastries, deli boards, along with specialist teas, coffees and alcohol. They also offer a healthy children's menu and daily specials for gluten free and vegans. There is a small amount of outside catering but this only equates to 5% of the annual turnover. All meals are freshly prepared on site using only the finest local produce. The remaining 30% of turnover comes from the deli counter where they stock cheeses, cured meats, olives, oils, vinegars, herbs and spices. We believe that there is further potential to increase trade by opening evenings as a Bistro and expanding upon the outside catering. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting shoppers. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Opening Hours
Monday – Friday – 8.00am – 5.00pm
Saturday – 9.00am – 5.00pm
Saturday – 10.00am – 4.00pm

Ground Floor
Restaurant comprising: sales counter, espresso coffee machine and grinder (Sanremo), under counter fridges, semi epos till system, hand wash basin, meat slicer, scales, multideck fridge, tables & chairs for (20), sofa and music system.
Ladies W/C and baby change with hand wash basin
Gents W/C and hand wash basin

Basement
Kitchen comprising: stainless steel double sink, hand wash basin, dishwasher, glass washer, griddle, 6 burner commercial range, extractor, combi oven, stainless steel work surface, 3 x metal work tables, prep fridge, 2 x upright fridges, small upright freezer, and hot cupboard.
Staff W/C and hand wash basin
Staff rest room
Dry stores with metal storage racking and 2 x chest freezers
Office
Under stairs storage area
Cellar with walk-in chiller