Restaurant/cafe for sale in Burgate, Pickering YO18

£44,995
Restaurant/cafe for sale
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Property description

Ref 6915 - Well Loved, Established Cafe
Blacks Brokers are pleased to bring to the market this well loved and well established cafe in a bustling area of Pickering, North Yorkshire.


Introduction


Lazy Sundae has been trading from Burgate since 2011 and with our client taking ownership in 2018. The cafe is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to it's town centre location.


Location


Lazy Sundae occupies a prominent corner position right in the town centre of Pickering. The area is densely populated commercially and residentially with neighbouring businesses including eateries, independent retailers and large multiples such as Barclays Bank and Boots. The area is well linked by the A1(M) and A170 with good public transport links and both free and paid parking in the immediate vicinity. Pickering is a popular tourist destination in this area close to the East Coast, the town holds an annual war weekend which brings much additional trade as well as the local steam train, many local caravan parks, B&Bs and this thriving town also has three new housing estates under construction.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to a change in our clients personal circumstances, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a seven year lease which began in 2018 at a cost of £232 per week (Paid quarterly).


Building layout and design


Lazy Sundae operates from the ground floor of a large two storey semi detached property. The cafe has large branding and signage on display the main entrance which has glazed windows to either side. Inside, the main dining area offers seating for twenty-eight customers, the main servery is positioned to the right hand side of the entrance and has a large glass display unit offering a large selection of cakes and treats. There are also customer toilets. The business also uses the cellar area for food preparation and baking - this area is fully equipped with an industrial oven, commercial mixer, turbo fan oven and much more. All areas of the cafe are presented to an exceptional standard.


Staff


The business operates with three part time members of staff supporting our two clients working on a full time basis.


Financial details


Lazy Sundae has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £38,548 with gross profits of £25,095. Further financial information can be made available after viewing.


Business rates


The business rates payable are £2,400 per annum.


Summary


This well established and well known café has a large base of regular customers and is well placed for visitors to this area of Pickering. There is plenty of scope to develop the business further with the expansion of the delivery service along with the implementation of a website with ordering service. The business could also introduce new opening hours to include evenings, this with the addition of an owner-operator or owner operating team could be very beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £44,995.

Please quote ref: 6915

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (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 Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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