For sale £129,500 - Catering
This is now a very well established concern which enjoys all the considerable commercial advantages of a fantastic trading position among other exclusive outlets in the affluent area of Ledbury in Herefordshire.
Operating from well fitted and presented premises, the business currently primarily offers a full and varied in house menu of classic hot and cold food , snacks, sandwiches, lunches, side orders, pastries and beverages prepared freshly to order in its fully equipped catering facilities and served in the pleasant surroundings of an attractively furnished dining area which may comfortably accommodate up to sixty covers
There is scope for continued growth, not least with regard to a degree of menu and product expansion, the possible provision of local delivery and outside catering services and to the possible introduction of Sunday trading in order to exploit year round local demand. The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to the introduction of on-line advertising and ordering in order to improve upon the already high levels of turnover and profitability it has achieved since being established in its present form some six successful years ago by the current owner and we would strongly recommend the earliest possible viewing to avoid disappointment.
Financial Information – Current turnover in the region of £320000 per annum with huge scope to increase and a net profit of £73000
Lease – The premises are being offered with the benefit of a long secure year lease with approximately 10 years of the current term remaining and regular reviews .Alternatively a new lease may be negotiated
Rent – The current rent stands at approximately £33000 per annum. Business Rates We are advised that the Business Rates are £7200 per annum.
Trading Hours – Monday to Saturday – 9.30am to 4.30pm; Sunday – Closed.
Property Description – Fitted and presented to high trade specifications throughout, these well maintained leasehold premises provide excellent and highly functional internal business accommodation which to the ground floor consists of an inviting glazed double fronted public entrance directly off the main street into a bright and welcoming in-house customer service and waiting area which houses a full range of modern high quality fixed and freestanding display furniture and shelving .To the rear the business offers a fully fitted and equipped preparation kitchen area with extraction system housing ample work surfaces, storage units, fitted sink unit and a full range of modern appliances. The main customer service area in turn affords to an attractively furnished and appointed in-house dining area which may comfortably accommodate up to sixty covers, with further ancillary accommodation consisting of all the usual washroom/WC facilities upstairs To the exterior, the premises are well signed and presented and afford ample and inviting display window space on to a high footfall thoroughfare, Fixtures & Fittings The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price
Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes