For Sale
Highly rated cafe for sale
Leicestershire, Leicestershire
- Asking Price: £69,995 +SAV
-
Turnover:
Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07697
CoGoGo are delighted to welcome to the market The Bay, a highly rated cafe and gift shop opportunity in Melton Mowbray, Leicestershire.
The business was first established by our clients in 2021, building up an excellent reputation and regular client base during its short time of trading. As seen by the online ratings and reviews, the business is extremely popular with the area.
The Bay has now come to the open market due to our clients wish to retire.
The Bay has a traditional cafe menu, with additonal revenue generated through the gift shop side of the business. They currently have a 8am to 9pm trading licence, with the opportunity to apply for an increase.
The business boasts a 4.5 star rating on Google, with many excellent reviews.
Key selling points -
- Repeat custom
- Handover period offered
- Scope for expansion
- High footfall location
- Create a business website
- Look at marketing/advertising
- Increase trading hours
- Offer a delivery service in the local area
We are advised that the business is run and managed by both owners with the help of 1 staff member.
The current trading hours are -
Monday to Thursday - 9:00am - 3:00pm
Friday - 9:00am - 5:00pm
Saturday - 9:00am - 3:00pm
Sunday - Closed
The Bay is located on Sherrard Street, in Melton Mowbray, Leicestershire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Well designed with modern decor throughout the cafe. Renovated to a high standard.
18 Covers to the front of the cafe, with 14 to the rear and 16 upstairs. 28 Covers outside, with 3 picnic benches and 6-8 tables.
2 Bedroom flat on the first floor - currently used as living accommodation
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £15,000 per annum.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
