* REFITTED TO A HIGH STANDARD
* ESTABLISHED CAFE/BAKERY BUSINESS
* LICENSED PREMISES
* CENTRAL LOCATION
* INDOOR & OUTDOOR SEATING
* 5* HYGIENE RATING
SITUATION Henley in Arden is an attractive market town south of Birmingham and 8 miles north of Stratford upon Avon and close to all the motorway networks.
DESCRIPTION The premises comprise an attractive ground floor cafe and retail shop for about 40 covers with a fully fitted bakery to the rear.
Café/retail area approx. 635 sq.ft (59 sq.m)
Kitchen/prep area/office 263 sq.ft (24.4 sq.m)
Bakery 384 sq.ft (35.67 sq.m)
Rear Stores 198 sq.ft (18.4 sq.m)
TOTAL 1480 SQ.FT (137.47 SQ.M)
THE BUSINESS The business was acquired by the current owners in 2016 and the premises have largely been refurbished and re-fitted throughout over the last few years. It comprises a successful café at the front of the building, together with the bakery to the rear.
TURNOVER Turnover has increased steadily to c £175,000 per annum for the year end March 2020. The business continued to offer takeaway facilities through the Covid-19 crisis and has now reopened formally and has maintained turnover figures throughout. Turnover is currently higher year on year.
OPENING HOURS Monday - Saturday 8.30am - 2.30pm. Closed Sunday.
OPPORTUNITIES To open longer hours with potential for evening and Sunday trade as well. The bakery currently supplies the shop only and it would be possible to supply other businesses.
INVENTORY An inventory is available to bona fide purchasers.
FLOOR PLAN Available on request.
RATEABLE VALUE £12,750.
LEASE The premises are held on the balance of a 20 year lease, expiring on 13th April 2023. The current rent is £16,700 per annum. The landlords have indicated that they would offer a new lease.
PREMIUM Offers in the region of £75,000 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.