Jonathan Ward | Business Broker Tel: 0845 299 0158
Seaham Café & Takeaway 10a Church Street, Seaham, Co Durham. SR7 7HQ
OFFERS BASED ON £99,950 (FREEHOLD)
• Café & Takeaway currently taking £1150 per week • Busy location in an improving town centre • Scope for deliveries and outside catering
• Superb opportunity for owner operators • Perfect first time business • Spacious FREEHOLD premises
LOCATION This business benefits from a busy location on Church Street, the main shopping street in Seaham, It benefits from being situated at the southern end of the street close to the new Byron Place Shopping Centre. Seaham itself has benefitted from significant inward investment over recent years and is becoming increasingly popular with visitors from near and far.
BUSINESS This well established business has been in our clients’ hands for over twenty years and is only now being offered for sale due to retirement. The business is well fitted for the trade and has been well maintained by our clients; operating as a traditional café-cum-takeaway with mainly eat-in but with a degree of take-out trade there are clear opportunities to further expand the business in different directions such as sandwich deliveries and outside catering. The purchase of this business would provide an excellent opportunity for a first time business buyer to acquire an easy to run business with low overheads and relatively short hours.
ACCOMMODATION The business is located on the ground floor of a two storey brick built terraced property. The main entrance and shop front, which benefits from an electric shutter, gives access to a well equipped trading area with serve over counter at the front for takeaway business and approximately 32 covers.
ANCILLARY AREAS The shop leads through to a spacious prep room, well equipped and with ample working surfaces and catering equipment this in turn leads to a kitchen which is fully equipped for the trade and also gives access to the rear (shared) yard where staff facilities can be found. To the ground floor there is a further dry store and second store room at the rear. A staircase from the dry store gives access to a first floor store room which occupies the space above the two ground floor store rooms.
LIVING ACCOMMODATION The premises are self contained and there is no living accommodation.
TAKINGS We are informed by our clients that the business has current takings in the region of £1150 per week.
GROSS PROFIT MARGIN Average GP is 45%
ACCOUNTS Trading figures will be made available to seriously interested parties and our clients are happy to open their books to any scrutiny required.
STAFFING Our clients operate the business themselves with the assistance of two part time members of staff each working 16 hours per week.
REASON FOR SALE The business is being offered for sale to enable our clients to retire.
FIXTURES AND FITTINGS We have been advised by our client that the trade fixtures and fittings are all owned outright.
HOURS OF OPENING Monday – Saturday : 8.00am-3.00pm
TENURE The premises are FREEHOLD
RATES We are advised that there are no business rates payable for the current year as our clients currently benefit from small business rates relief. Interested parties should verify this information with the Local Rating Authority which is Durham County Council. The premises have a rateable value of £4,500
ASKING PRICE Business (Goodwill) / Freehold Premises / Fixtures & Fittings: Offers invited in the region of £99,950 plus stock at value.
SUPPORT AND TRAINING Our clients will ensure a full and seamless handover of the business.
LEGAL FEES Both the seller and the purchaser are to be responsible for the own contractual costs. PLANNING & STATUTORY CONSENTS Prospective purchasers or tenants should make their own enquiries of the Local Planning Department and satisfy themselves at their own expense as to the use they intend to implement. It should not be assumed that the property has all the necessary planning, building regulations or other statutory consents.
VIEWINGS All viewings are strictly by appointment through Lakey & Co. No direct contact should be made to the business. Contact us on 0845 299 0158 or email email@example.com
PROOF OF FUNDING To comply with current legislation, we are under an obligation to check as far as possible the financial status of prospective purchasers to enable our client to make considered decisions. We may ask for confirmation of availability of funds to purchase which should be provided to us by your solicitor/bank/building society.
SALES ADVICE If you are thinking of selling a business please contact us for free and impartial advice.
OUR REFERENCE CF92NE
SALES DETAILS PRODUCED BY / DATE / ISSUE JW/170611/1
CONTACTING US: Tel: 0845 299 0158 Fax: 0845 299 1219 email : firstname.lastname@example.org www. lakeynortheast.co.uk PO Box 268 Bishop Auckland Co Durham DL14 4FF
IMPORTANT NOTICE TO INTERESTED PARTIES â€“ PLEASE READ CAREFULLY Having received details of this business, we ask that you: 1. Understand and agree that any information regarding any business supplied by Lakey & Co or their clients will be kept strictly confidential. 2. View businesses registered with Lakey & Co by appointment only. 3. Do not contact any owner, staff, suppliers, competitors or customers of any business registered with Lakey & Co. If you visit the business as a customer please do not introduce yourself to anyone working in the business at the time. 4. Do not pass any information supplied by Lakey & Co (or their clients) to any third party other than a professional adviser eg. Bank, solicitor, surveyor, accountant etc. All such information to be returned immediately to Lakey & Co if my interest in purchasing the business ceases. 5. Submit and negotiation any offers direct to and with Lakey & Co LAKEY & CO for themselves and for the vendor(s) or lessor(s) of this business / property give notice that these particulars do not constitute any part of an offer or contract. Any intending purchasers must satisfy themselves as to the accuracy of the particulars and no warranty is given by the vendor(s), their agents or any person in their employment. Offered subject to contract, prior sale or withdrawal. Sizes quoted are approximate only.