THIS BUSINESS IS NOW UNDER OFFER

Very Popular Cafe In Peterborough For Sale

Peterborough, Cambridgeshire
Leasehold Price:
£47,750
Find more details, or book a viewing:
Status
UNDER OFFER
Advert ID
167609
Reference
2965 G / Rightbiz

Details

BUSINESS



Hilton Smythe is delighted to welcome to the market this well established and very popular café business in Peterborough, Cambridgeshire.



 



The business was established by our clients in 1988 and is only now being offered to the market due to our clients’ desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £73,300 per annum, with a gross profit of approximately 73%.



 



Our clients offer a wide variety of fayre including snacks, burgers, hot filled rolls and sandwiches, omelettes, salads, full English breakfasts, vegetarian breakfasts and hot meals, as well as a selection of hot and cold beverages. Our clients also currently offer a delivery service within the immediate area.



 



The property boasts a spacious café area with 28 covers to the ground floor and a one bedroom self-contained flat to the first floor, with its own separate entrance, which could be used as owners’ accommodation, or let out to generate further income.



 



The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.



 



We feel the turnover could be increased by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to promote the goods and services offered or introduce an outside catering arm to the business.



 



This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving and popular café business to the next level; therefore early viewing must come highly recommended to avoid disappointment.



 



 



LOCATION



Ferrari’s Café occupies substantial two storey premises, ideally located within the bustling city of Peterborough in Cambridgeshire. The café is located within a parade of complimentary shops and businesses on the busy Mayors Walk, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.



 



Peterborough is a cathedral city, situated 75 miles north of London. The city stands on the River Nene, with an estimated residential population of 184,500. The city is a popular place for tourists and culture lovers, with a number of museums, exhibitions and historical attractions, including the beautiful cathedral. The city is also a shopper’s paradise with popular places such as Bridge Street, the Queensgate Centre, the covered market, Westgate Arcade and the Rivergate Shopping Centre.



 



The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Peterborough railway station is just over 10 minutes’ walk away. The area is also well served by the A-roads, with the A15 being just a short drive away, which links to the national A-road and motorway networks. Both Corby and Huntingdon are approximately 25 miles away.



 



PREMISES



Substantial two storey premises in an ideal trading location, briefly comprising:



 



Ground floor:



 



28 x cover café.



Serve over counter with electronic cash register.



Upright drink chiller unit.



Sink unit.



Stills boiler.



Gas fire.



Storage cabinet.



 



Kitchen with:



 



4 x burner hob.



Griddle.



Double counter top deep fat fryer.



2 x pot Bain Marie.



Microwave oven.



Toaster.



Extraction system.



Shelving.



Floor cupboard storage units with work tops.



 



Rear preparation/wash up area with:



 



Sink unit with drainer.



Hand wash basin.



2 x refrigerator/freezers.



Chest freezer.



Microwave oven.



Meat slicer.



Storage shelving.



Door leading to yard/bin area and WC.



 



First floor with:



 



Sitting room.



Galley kitchen



Bathroom.



Double bedroom.



 



External with:



 



Street frontage with shop entrance and separate door leading to side passageway and rear yard.



Parking for 3 x vehicles.



Flat access stairs.



 



TENURE



We are advised Leasehold:



 



Original lease length: 20 years



Remaining lease length: 4 years



Review every: 5 years



Rent: £385 per month.



 



HOURS



The business is open:



 



Monday  - Saturday: 5.00am – 1.30pm



Sunday: Closed



 



STAFF



The business is owner run and managed with 3 x part time staff members.



 



FINANCIAL PROFILE



The business generates a turnover in the region of £73,300 per annum, with a gross profit of approximately 73%.



 



 



 

Listing Details
Leasehold Price: £47,750
Tenure: Leasehold
Sector: Take Aways Businesses, Cafes, Sandwich Shops
Financials
Annual Turnover: £73,300
Key Features
  • Established Business
  • Prime Location
  • Price Reduced
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THIS BUSINESS IS NOW UNDER OFFER
THIS BUSINESS IS NOW UNDER OFFER
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