Cafe In Excellent Location – Huge Growth Potential
- Asking Price: £34,995 +SAV
We are advised the business is currently turning over in the region of £80,000 per annum trading very limited hours.
The rateable value of the property is £4,550
There are no rates payable on the business.
A good cash business opportunity.
- Tenure: Leasehold
Hilton Smythe welcomes to the market the Loughborough Bakehouse.
This long-established business has been operated by the current owner for over 2 years in which time it has built up a steady and reliable clientele with an enviable reputation for quality and service. Due to retirement this rare and exciting opportunity has now become available.
The business benefits from its long trading history of over 30 years, its location and accessibility as well as its excellent menu options giving the customer a wide and varied choice which includes:
• All the breakfast staples
• Jacket potatoes
• Salad pots
Giving the opportunity for the new owner to tweak the food offering further.
The site is in excellent condition with the added benefit of 6 internal covers and the potential for additional outside covers within the rear courtyard.
The business has huge growth potential and offers the opportunity for the new owner to take this busy site to the next level.
The current owner has introduced the IZettle card and mobile phone payment system which is proving extremely popular and helping to generate greater returns.
The business could easily grow by:
• Extending the current trading hours
• Introducing a delivery service
• Establishing a strong online presence to take advantage of the huge student population within this university town.
This represents a golden opportunity for either an individual or partnership looking for a business in this sector, the site has huge growth potential and an excellent trading history with business currently growing, a turn key opportunity.
The business is run and managed by the current vendors
The opening hours are currently:
Monday to Saturday - 7.30 am to 2.00 pm
Sunday - Closed
Situated at the top end of the much sought-after Baxter Gate area in the centre of Loughborough Leicestershire.
The site is easily accessible on foot and by all modes of transport with plenty of free on street parking within the area.
The site benefits from being close to the town centre amenities including the new Baxter Gate shopping centre and is also a short distance from Loughborough train station.
Ground floor café located on Baxter Gate in Loughborough
• Main trading area
• 6 internal covers
• Tables and chairs
• Drinks refrigerator
• Service counter with food display units
• Tiled rear wall with black board menu
• All shelving
• Storage units
• Stainless steel preparation tables
• Stainless hot food storage units
• Fridge freezers
• Microwave oven
• Main oven
• Stainless refrigeration units
The WC is located to the side of the courtyard, there is side access for deliveries and potentially parking for delivery transport.
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £6.000 per annum with 8 years remaining on a 10-year lease.