Restaurant/cafe for sale in Crown Walk, High Street, Oakham LE15

Restaurant/cafe for sale
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Property description

Hilton Smythe welcomes to the market the Baobab café in Oakham Leicestershire. The site has been trading as a café for three years in which time it has steadily built up trade and is on an upwards trajectory and which due to family commitments this rare and exciting opportunity has become available.

The business sells a delicious range of breakfasts light lunches and all the traditional café favourites throughout the day with the benefit of an excellent trading location on the High Street. The property is spread over three floors with a total of 40 internal and 6 external covers set out in its current format.

The business could potentially open for longer into the evening as a Bistro and is ideal for private functions and parties. Included in this is all social media accounts including Trip Adviser & a large following on Facebook.

The business model has huge potential and would be an ideal opportunity for either an individual or partnership looking for their first business venture within this sector. Oakham is a very sought-after trading location in Rutland Leicestershire.

Situated on the High Street in the much sought-after trading location of Oakham in Rutland Leicestershire. The site is easily accessible on foot and by all modes of transport with plenty of on street and pay & display parking in and around Oakham itself.

Trading premises spread over three floors, entrance from the street to ground floor café, main service counter and servery, food display units, coffee machine, ovens and hot plates, stainless worktops and storage units, fridges and freezers, tables, stools & chairs. Second floor trading area with WC.

Third floor office and storage facilities.

Premises is circa 97 sqm.

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £11,000 per annum with 2 years remaining on the current 5 Year lease.

The opening hours are currently 9.00am to 5.00pm Monday to Saturday & 11.00am to 3.00pm Sunday.

The business managed by the current vendor with the assistance of 1 x full time and 2 x part time staff.

Financial Profile
We are advised the business is turning over in the region of £95,000 per annum with a gross profit of £61,416 producing very attractive returns.

There are no business rates or service charges payable.

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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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