Primarily positioned Cafe Restaurant in Ringwood For Sale

Located in heart of the New Forest. It benefits from the biggest footfall in the area from both tourists & local residents, DORSET RINGWOOD

Turnover £ 5,000
Price £130,000

Features

Primarily Positioned Takeaway Café / Restaurant Presently Selling Pies, Sandwiches & Beverages

The mall is directly accessed from the main car park in the village or main road on the opposite side.

Very well established with current owners for over 29 years. Expanded to present day size in 2008.

It has been refurbished throughout in the last 4 years.

We understand there is an alcohol licence in place

Seating outside 15.

Newly fitted air conditiioning unit (January, 2020). Fully equipped front of house with regularly serviced group coffee machine, Waring Pro blenders, fridges, water boiler, microwave ovens etc.

Fully equipped kitchen with 2 blue seal bakeoff ovens, double toasty maker, panini toaster, 6-slice toaster, double door fridge, chest freezer, Hobart dishwasher etc.

Turnover

WE ARE INFORMED the turnover currently averages £5,000 p.w. Gross profit 70% approx. In our opinion the business offers tremendous potential for further development in the right hands.

Staff

The business is operated by the vendor with the assistance of his wife.

Trading Hours

From February half term open at the weekends, from Easter 6-7 days per week until the end of October. Opening hours are 10 a.m. - 5/6 p.m. There is a strong case for being open more outside the main season. Due to other work & family commitments unable to do that.

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new renewable 9 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates with rent reviews every 3 years.

Uniform Business Rates: £3,500 p.a. approx. after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 29 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE CAFÉ/RESTAURANT IN THIS MOST SOUGHT AFTER NEW FOREST LOCALITY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote