For sale £92,000 - Coffee/Tea Shops & Cafes, Pubs, Restaurants
City Business Brokers is pleased to bring to market this very well established Café Bar and Restaurant business. The Café Bar and Restaurant is situated in the centre of a Witney a historic market town, West of Oxford and enjoys considerable commercial advantage with its fantastic trading position adjacent to the main car park and retail hub in the centre of the town.
Operating from very well fitted and attractive rustic premises with space for 80 covers, the business offers a menu of freshly made breakfasts, lunches and evening meals with a unique coffee brand complemented by delicious muffins and bakes. In the evenings the bar and restaurant offer includes cocktails and speciality gins with locally sourced steaks and freshly cooked dishes.
There is a good cross section of clientele throughout the trading day with a bias toward females attracted by the safe and female friendly surroundings.
The Café Bar and Restaurant currently operates Monday and Tuesdays – 9.00 am to 6.00 pm, Wednesday and Thursdays 9.00 am to 9.00 pm, Friday and Saturday 9.00 am- 11.00 pm and Sundays 9.30 am to 6.00 pm. There is very good scope for growth by extending the current trading hours with the liquor license providing for the sale of alcohol Monday to Saturday 10.00 am to 2.00 am and Sundays 10.00 am- 11.00 pm. In addition there is scope to develop external space and create seating for 24 and refresh the café bar and restaurant.
The present owner established the business 11 years ago and manages the business with a loyal and well trained team of full and part time staff but is now seeking to retire. A handover period and full support is available for the new owner.
Turnover is in the region of £550,000 per annum and plenty of scope for growth.
There is a current lease which runs to 2026 and a leasehold of £70,000 per annum from February 2019 with business rates at £1,000 per month. A new lease is also available. The business is very well fitted throughout and in addition to the main bar and restaurant there is a function room to seat 24, and a catering kitchen. An inventory of equipment is included in the sale price.
A full profile is available once a confidentiality & non-disclosure agreement has been signed. 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.
Enquiries to: Jane Price City Business Brokers Oxford Telephone 01865 582 179 direct line 07975 734 781 or email firstname.lastname@example.org
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.
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