Restaurant/cafe for sale in Market Walk Shopping Centre, Market Square, Northampton NN1

£39,999
Restaurant/cafe for sale
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Property description

Business
Restaurant and Alcohol Licence

Hilton Smythe welcomes to the market Praca Café.

The business has been operated by the current vendor for just over two years and which due to family commitments this very rare and exciting opportunity has now become available.

This Portuguese themed Café has built up a strong and loyal following and continues to grow on an upwards trajectory.

The business sells:

• Range of coffees
• Delicious pastries
• Sandwiches
• Home-made soup
• Traditional Portuguese fayre

The site is fully licensed to sell alcohol for both on and off sales with a generous licence granted to cover all hours of the day.

The café has the benefit of 30 or so internal covers as well as the opportunity subject to local consents to greatly increase this by creating an outside seating area with canopy.

The business has become well established within the local community and offers the opportunity for a new owner to greatly increase the turnover and profitability by:

• Extending the opening hours
• Expanding the range of food beers and wine on offer
• Creating a local delivery service
• Developing a stronger on-line presence

The site is set over two floors with a kitchen, storage and additional food preparation capacity on the lower ground floor enabling the business to expand.

The site is in an excellent location within the Market Square which has a feeling of the Grand Place in Brussels Belgium about it.

This is a turn key business opportunity which the current vendor has built up with a strong and loyal customer base.

The business offers the opportunity for the new owner to put their own spin on an already established site and take it to the next level.

Location
Situated in the much sought-after Market Square in the centre of Northampton Town Centre.

The site is easily accessible from the A508 and all the major road networks in and out of Northampton with plenty of public transport passing by the square.

The site is easily accessible on foot through the pedestrianised areas with the added benefit of large pay and display car parks just a short stroll away.

Premises
Large site spread over two floors situated within the Market Place in Northampton.

Main trading area;

• Service counter
• Coffee machine
• Food display units
• Tables
• Chairs and stools

small food prep area to the rear:

• Fridges
• Microwave oven.

Unisex WC with disability capacity and access to additional storage

Lower ground floor:

• Fitted kitchen
• Office
• Toilet facilities
• Additional storage
• Food preparation areas
• Fridges
• Freezers
• Main oven

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £19,000 per annum with 3 years remaining on the current 5-year Lease.

Hours
The opening hours are currently 9.00 am to 9.00 pm Monday to Saturday and 10.00am to 9.00pm on Sunday. The site is closed on a Wednesday.

Staff
The business is run and managed by the current vendor with no additional staff.

Financial Profile
We are advised the business is currently turning over in the region of £75,000 per annum on an upwards trajectory trading limited hours.

The rates currently payable are £9,600 per annum

The rateable value of the site is £16,750

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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