Delicatessen & 24 Seat Cafe (Suffolk)
Turnover: £225,000
Asking Price: £175,000
Net Profit: £82,500
Region:
Suffolk
Sector:
Cafes, Delicatessen
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Business Details
Brief Description
This is a well established and licensed delicatessen with 24 seater cafe in heart of busy Suffolk town and high local & tourist footfall.
Business specialises in selling locally made produce and other handmade or niche products.
The delicatessen has the latest equipment and provides a range of delicious food for eat-in or take away.
The cafe is well regarded in the local area for the quality and provenance of their food. It's locally and ethically sourced.
There are lots of things to take away including a busy beverage trade. This town has not yet received a chain coffee brand so our clients have a dominant position.
The business is being sold with all equipment - much of it recently purchased - remaining. This includes commercial kitchen with a walk in fridge, fridge freezers commercial fan assisted oven etc.
The premises also contain security cameras, toilets, cloakroom and some outside space (quite small).
Utility area, dishwasher, double sink
Unit is approximately 700 sq ft in total.
The business is being sold as a going concern and is therefore a turnkey purchase. Some equipment has been purchased but most is on a lease.
The unit is leased with 10 years remaining at a rent of £12,500 pa.
Current trading hours are 6 days per week: Tuesday to Sunday. Generally open from 8am - 5.30pm each day.
Potential Opportunity
The vendor admits that he has not done much with marketing and promotion and that the location has sold itself for a number of years. Extended opening hours, catering & delivery services or even an expansion - space at the back and another unit available alongside - create potential to develop the revenues. Current vendor has enjoyed a good standard of living but if buying again, would consider the strategies listed above.
Reason for Sale
The vendor is ready to retire but happy to provide a brief transition phase and lives close by so hoping to continue attending the business .... as a customer.
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