Restaurant/cafe for sale in West Street, Fareham PO16

£69,995
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Prominent Main Road Trading Position
  • Accounts Available Year End 30th November 2020
  • Annual Turnover £63,309
  • Gross Profit £44,571
  • Accounts Available After Viewing
  • New 15 Year Lease To Be Negotiated
  • Onsite Kitchen & Bakery
  • Fully Equipped
  • CCTV Fitted Throughout
  • Air Conditioning In Place
  • Seating For 40
  • Fantastic Online Reviews
  • Potential To Extend Opening Hours
  • Could Accommodate Any Cuisine
  • EPC - tbc

Property description

Ref 7281 – Leasehold Licenced Café & Coffee Shop
Blacks Brokers are pleased to bring to the market this leasehold bakehouse/cafe located in Fareham, Hampshire.


Introduction


CrumbleJack was established by our client in this affluent area of Fareham in 2017. The business offers a range of freshly prepared foods and bespoke coffees and breads which are baked in house. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Trip Advisor. CrumbleJack has a comprehensive website in place.


Location


CrumbleJack occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Dominos and Aldi. Fareham Tran Station is also nearby. The area is well linked by the M27 with very strong public transport links and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, 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). A new 15 year lease will begin when the business sale completes. This will run at a cost of £404 per week.


Building layout and design


CrumbleJack operates from a single storey retail property within a busy parade of shops and other businesses. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with kitchen and bakery to the rear of this. The dining area offers seating for forty with wooden floor fitted throughout and the shop is very well presented. There are ladies and gents toilet facilities as well as a storage area and CCTV and air conditioning are fitted throughout. All areas are well equipped and presented nicely.


Staff


The business operates with one full time and two part time members of staff in employment, this is in addition to our client working on a full time basis.


Financial details


CrumbleJack has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th November 2019 show that the business has an annual turnover of £63,309 with a gross profit of £44,571. Full financial information is available after viewing.


Business rates


The business has a rateable value of £1,400. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This profitable and well established business occupies an enviable trading position in a bustling and popular area of Fareham. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu choices and longer opening hours, possibly a delivery service where appropriate. 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: £69,995.

Please quote ref: 7281

Fixtures & Fittings

Lamasocco Coffee Machine

Tables

Chairs

Drinks Fridge

Cooker

Freezer x 3

Large Fridge

Small Fridge

Cake Display Chiller Cabinet

Under Counter Fridge & Freezer

Panini Press

Coffee Grinder

Dishwasher

Glasswasher

Opening Hours

Mon - Fri: 09:00 - 15:00
Sat: 09:00 - 16:00
sun: Closed

Arrange Viewing

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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