Business for Sale in Caxton, Cambridgeshire - RESTAURANT & TAKEAWAY - CAXTON, GIBBET PARK SERVICES, A428 CAMBS - Leasehold: £150,000

Key Information

Ref
R35086E
Type
Food Service Businesses: Restaurants
Location
England: Cambridgeshire
Tenure
Leasehold
Status
For Sale
Weekly Sales
£5,000 Inc Vat
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Please fill the form in below to request particualrs via e-mail for Business Ref : R35086E

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Call us on 01603 662662
  • Excellent & Rarely Available Location
  • Huge Levels of Development in Area
  • Suitable for Alternate Food & Drink Operations
  • Very Well Presented & Fitted Out
  • 15 year Lease from 2017
  • Busy ‘A’ Road Services
  • McDonalds, Costa & Subway on Site
  • Unit c. 116 sqm / 1,250 sqft
  • Current Layout Provides for c. 32 Covers
  • Call us to Discuss Further

PARTICULARS
Location, Location, Location! This is a rare opportunity to acquire a modern and well fitted out unit on the busy Caxton Gibbet Park services on the A428 close to Cambourne, just outside of Cambridge.

The site currently has a total of 4 retail outlets with McDonalds, Costa Coffee and Subway occupying the other units. This together with the Shell petrol station opposite ensures there is always a constant flow of customers arriving. In addition we understand that there is very significant development planned on the land in the immediate vicinity of the site including thousands of new homes and a commercial retail park. This will no doubt make this location even busier than it already is.

Whilst being sold as a going concern the unit could be used for alternative food and drink operations subject to any consents that may be required. This may well then appeal to existing operators who are looking to expand and who are seeking a prime located unit for their own brand.

THE BUSINESS ITSELF
The current owner established the business in 2019 and is now only reluctantly looking to sell due to a need to have to relocate for family reasons. In this time the vendor has invested in the premises which are now fitted out to a high standard and provide a good range of catering equipment and fixtures.

Offering a delightful, cooked to order, menu focusing on traditional Italian and English cuisine, the business provides a different option to the usual service station fare. Because of this they now find that they have become popular with the local community as well as those who are just passing by on their travels. This has been further helped by the provision of a home delivery service.

We are advised by the vendor that the business now enjoys a weekly turnover in the region of £5,000 but with the new developments coming in the area one would expect this to increase significantly in the future.

PREMESIS
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The good sized modern unit presents very well and in our opinion would not require any work for a new owner who wishes to continue it as the same operation. Overall the unit measures in the region of 116 sqm/1,250 sqft with the main customer area being approximately 70 sqm including the service counter and show cooking areas.

The front and side elevations have the benefit of floor to ceiling glazing offering lots of natural light giving a bright and welcoming customer and working environment. In it’s current configuration the restaurant can accommodate c. 32 covers in the well presented surroundings.

The show cooking area provides 6 gas hob rings on which to cook pasta together with a display fridge to the front. There is a Salva double pizza oven as well as a separate 2 pan fish and chip range all with extensive extraction units above. There is a stainless steel fridge and freezer, 3 under-counter fridges with stainless steel worktop and a further salad chiller above. Through to the rear kitchen which is again very well fitted out with a walk in fridge and a walk in freezer. There is a 4 ring gas hob and 2 fryers with extraction over as well as a microwave, large dough mixer, double Buffalo griddle plate, 2x double stainless steel sinks with drainers and a dishwasher. Through again to a further small prep room with potato peeler and chipper and door to staff/customer W.C and rear external door.

The unit has good quality flooring throughout with suspended ceiling and inset lighting and comes with the benefit of C.C.T.V, Epos till, air-conditioning and a 5 Star Food Hygiene Rating. Externally space is available for a storage container if required.

FURTHER INFORMATION

REFERENCE NUMBER
R35086E.

OPENING HOURS
10:00am to 9:00pm Monday to Saturday. 10:00am to 8:00pm Sunday.

TENURE
Leasehold with the term being 15 years from Oct 2017.

RENT PAYABLE
£25,000 per annum.

Purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or grant of new lease.

RATES PAYABLE
The current year statement shows the vendor has a net charge payable of £3,375.07 per annum.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC
The EPC shows the property has a ‘B’ rating. Full Energy Performance Certificate available on request.

PRICE
£150,000.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING
Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.

FINANCE
Finance may be available to suitable purchasers.

BUSINESS TO SELL?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

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