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Restaurant/cafe for sale in Windsor, Berkshire SL4 - Zoopla

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UKInternational LOCATION:
ALL Detached Attached Bungalows Park Homes Flats Land Newbuild
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Restaurant/cafe for sale
Windsor, Berkshire SL4
£114,999
  • Leasehold
  • Excellent location close to Windsor Castle
  • Average weekly takings in the regions of £5,000
  • Genuine growth potential
  • Good reputation on Trip Advisor as of March 2018
 

Description

Reference - 46216

Description
Lilly’s Café is located in Windsor and occupies an excellent trading position within close proximity of Windsor Castle.

Windsor is a historic market town in the Royal Borough of Windsor and Maidenhead and is widely known as the site of Windsor Castle, one of the official residences of the British Royal Family. The town is situated approximately 21 miles west of Charing Cross, 7 miles south east of Maidenhead, and 22 miles east of Reading. It is immediately south of the River Thames, which forms its boundary with the smaller, ancient twin town of Eton.

The café is presented to a very high standard due to the complete refit in 2016 when the business opened its doors under the current ownership.

Lilly’s Café is located on the main thoroughfare and therefore benefits from a large amount of footfall throughout the day from both local residents, staff from the surrounding retail units and tourists visiting the Castle.

Since opening the business our client has established a loyal customer base and generates an average income of c. £5,000 per week with excellent profit margins.

The business and brand was established by our client in 2016. Lilly’s cafe is now a well renowned take away and eat in operation with approx. 40/45 covers in total, which are arranged both internally and outside of the shop on the pavement

Accounts
The current trading records can be inspected when viewing.

Trading Hours
Monday – Saturday 09:00 -17:00
Sunday 10:00 – 16:30

Staff
The business is managed on a daily basis by the owners, along with one full time member of staff.

Building External
A highly visible mid terraced property with excellent signage.

Building Internal
Fully open plan in design, with a light and airy feel providing a total of 40/50 covers (25/30 internally and 16 on the pavement). The business offers good quality fixtures which include a wood panel counter and glass fronted chiller for sandwich fillings and salads, along with readymade baguettes, paninis and cakes. There is a mix of traditional tables and chairs along with sofa style seating, all of which provide flexible seating arrangements.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2016. The annual rent is £37,872 exclusive (correct as advised on 27.02.18) which includes an outside seating area. Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an ideal opportunity for an energetic hands on owner or existing operator to purchase this well used business, which benefits from an excellent and historic location with heavy footfall, along with genuine potential to increase income by opening in the evening, especially during the summer months due to the high level of tourism.

A viewing is highly recommended to fully appreciate the condition of the shop, business opportunity and location in general. View more View less
Kings Business Transfer
01772 913303
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   STUDENT
UKInternational LOCATION:
ALL Detached Attached Bungalows Park Homes Flats Land Newbuild
KEYWORDS:
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