Classic Café and Snack Bar in Cambridgeshire

Hardwick, Cambridgeshire
REF: R07682

Asking Price:
£45,000
Annual Turnover:
£95,315
Annual Net Profit:
TBC
Under Offer
REF: R07682

Overview

Tenure:
Leasehold
Established:
2000
  • Excellent reputation
  • Loyal customer base
  • Huge growth opportunity
  • Equipment included
  • Low overheads

The business for sale is a classic café and snack bar in the Cambridgeshire village of Hardwick.

Situated in close proximity to a busy main road, the business is popular with travellers and lorry drivers due to its convenient location, quick service, plentiful free parking, and affordable prices. The business’s 5* hygiene rating and sparkling clean premises are a further attraction for clients. The café is also popular with local residents and it has successfully gained repeat revenue from the growing population in the surrounding area.

The menu’s offering is in true British diner style, focusing on hearty cooked breakfasts, burgers, chilli, coffee, tea, and juice. The café also makes rolls, sandwiches, and baguettes with a wide range of hot and cold fillings to choose from. It even offers vegetarian alternatives for those with dietary requirements who still wish to indulge in an unbeatable plate of delicious British food. Customers can also opt to have their order as a takeaway, providing ultimate convenience for drivers and residents on the go.

Surrounded by 6 other shops in the immediate vicinity, the café benefits from passing footfall and spacious free car parking for customers and staff. A major new housing development is under construction nearby which will comfortably increase the existing customer base, increasing turnover and consequent profits. The establishment advantages from an impressive extension of the kitchen only three years ago, adding new equipment and preparation space. The premises are immaculately presented and feature a range of tables and booth seating available to guests.

The landlord has agreed to put a new 3 year lease in place with 12 month break clauses. It is also important to note that the net profit has been lower in the past couple of years due to a large VAT bill caused by extenuating personal circumstances.

All equipment is included the sale price, such as tables, chairs, cutlery, crockery, a fully equipped kitchen, fridges, etcetera. A transitional period is available, if needed.

This is a great opportunity to purchase a popular café and snack bar that is already well-established and set to benefit financially from a growing population in the surrounding area. It would be the perfect acquisition for someone with past experience running a café or other eatery, in order to apply their previous knowledge and skills to fulfil this business’s full potential.

There are numerous ways in which this business could be developed further to increase turnover and consequent profits. The most prominent method would be to extend the opening hours to attract a wider base of customers with different schedules. Offering a delivery service is another key way in which to attract more orders and would be especially popular with younger customers. This could be done in-house or by signing up to one of many popular third-party delivery apps, such as Uber Eats, Deliveroo, or Just Eat.

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  • On-site car parking
  • Good transport links
  • Residential area
  • Shopping centre location
  • Close to local businesses
Rent
£13,800
Rates
£0
Lease Term
3 years
Lease Expiry
vendor has negotiated new 3 year lease with 1 year break clause, landlord will extend the lease by 15 years.
Square Footage
TBC
Accommodation Included
No
Premises Licence
A3
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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