Business for Sale in Leamington Spa, Warwickshire - BAKERY, SHOP & CAFÉ – LEAMINGTON SPA - Leasehold: £195,000

Key Information

Ref
CK33012Q0
Type
Food Service Businesses: Cafes
Location
England: Warwickshire
Tenure
Leasehold
Status
For Sale
Accomodation
2 Bedrooms
Download Particulars Add to my favourites

Request Particulars

Please fill the form in below to request particualrs via e-mail for Business Ref : CK33012Q0

Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

Call us on 07766 997001

EM&F are delighted to be able to bring to the market this excellent independent range of businesses spread over two premises on the sought after Regent Street in the heart of Royal Leamington Spa. The business provides a bakery and shop with a separate café producing a substantial turnover from multiple streams and is a very well regarded establishment in the area.

This represents an ideal opportunity for either an owner operator to continue the business and expand further on the solid foundations that have been laid or for an investor to acquire a profitable business to add to their portfolio with a ROI one would expect to be more than 15% after additional staffing costs.

THE BUSINESS ITSELF

We understand that there has been a bakery at this location for over 30yrs and the café for 20yrs with the vendors having owned these for the past 7 and 5yrs respectively. They are now only looking to sell due to their pending retirement.

The vendors have invested significantly into the businesses during their ownership with new specialist equipment purchased for both outlets from the ovens to the chiller display units, new air conditioning, walk in freezer and extraction units being just some of the many items that have been acquired. In addition, both units have been recently redecorated including new ceilings and LED lighting and are offered in first class condition. Investment has been made in the website and online presence which is now starting to reap the rewards of especially in the corporate and private bookings. The business also boasts strong environmental credentials together with its 5 Star Food Hygiene Rating which is rightly proud of.

Income for the business, which is now in excess of £400k pa, is generated by 3 main sources which gives it a certain robustness. Firstly, the bakery shop provides takeout goods such as bread, cakes, sandwiches, hot food to go and a range of drinks. It also provides it’s produce to the café and as well as to other local food-based businesses. The café provides both a sit-in and takeout service and offers cooked breakfasts, hot filled rolls, baguettes and such like. Many of the local workers visit both sites for either breakfast or lunch and some even for both! This coupled with the tourist trade means a good steady flow of people to the business all year round. Finally, in addition there is the buffets provided for corporate and private bookings with the company having an exclusive formal contract won by tender with Warwickshire D.C as well as other informal agreements in place with public and private organisations.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The full height glazing to the bakery and coffee shop front provides a wonderful view of the treats that are available for sale inside and further benefits from an awning allowing covered seating outside. The main sales area internally measures c.17’6” x 14’3” with a range of display units as would be expected. To the rear on this floor is a preparation area of c.11’x12’ with work surfaces, ovens and sink.

Moving down to the large dry basement you will find the walk-in freezer, various other fridges and freezer, storage racking, staff area and additional store rooms. Leading up to the first floor and off a central landing are two sizeable rooms previously the lounge and separate kitchen but now used as additional storage and preparation areas for the business. On the second floor are 2 large rooms currently used as an office and storage but would be the 2 double bedrooms for the apartment. The accommodation has its own separate entrance from the street via the covered yard area and so could be rented independently at a figure in the region of £8k pa.

The separate café located a short distance down the road provides an entrance for the take-out customer service area and one into the sit in area which can seat 20 covers, with a further 6 covers externally. A kitchen, store room and toilets together with a range of display units and other such items provide the required facilities to service the premises.

Copyright © EM & F Group Limited 2018 - Company No: 03035561 - VAT: 631 4000 02