*FITTED OUT TO A GOOD STANDARD * RETIRING FOR HEALTH REASONS
SITUATION Stratford upon Avon is set in the heart of Warwickshire and is one of the largest tourist centres outside London. The premises are situated in the centre of Stratford upon Avon close to Shakespeare’s Birthplace and many other attractions.
DESCRIPTION The premises compromise a fully fitted ground floor café restaurant in a very prominent location in the town centre.
Café area for approx. 50 covers 1,006 sq.ft (93.4 sq.m)
Fully fitted kitchen 135 sq.ft (12.5 sq.m)
Offices/stores 73 sq.ft (6.8 sq.m)
Separate WC’s -
THE BUSINESS The business has been run for the last 18 years by the same family. It has a very strong local and tourist trade. It currently opens from 8.00am to 5.00pm six days a week. There is great potential to increase the current turnover by opening in the evenings and on Sundays. Approx 50 covers inside.
TURNOVER Turnover pre Covid has been approximately £248,000 per annum for the last three years up to year end March 2019. The business reopened on 4th July and the turnover is anticipated to be at the original levels by Christmas allowing for social distancing and Government guidelines.
INVENTORY An inventory is available to bona fide purchasers.
FLOOR PLAN Available on request.
RATEABLE VALUE £26,500.
LEASE The premises are held on a 10 year lease from 21st March 2016 at a rent of £32,500 per annum.
PREMIUM Offers in the region of £99,500 for the lease, business, fixtures and fittings and goodwill.
LEGAL COSTS Each party to be responsible for their own legal costs incurred in this transaction.
VIEWING Strictly by appointment with the Agents.