Café/Takeaway Business For Sale, Greenock

OVERVIEW

Bowman Rebecchi is delighted to bring to the market this rare opportunity to confidentially acquire one of Inverclyde’s leading Café/takeaways.

The well-established and highly regarded business is set within a superb location, with a new 7-year lease available for the successful purchasers to provide comfort towards initial outlay.

Built over a number of years, the business enjoys excellent reviews for customer service and a strong following on social media. The business also enjoys a fantastic reputation and is popular with local and national online food ordering services.

This growing business has annual gross sales of c.£400,000, an increase of 154% in 2 years with strong profit margins and the business enjoys a high average spend per sale across both café and delivery.

There is a further growth opportunity to extend the operating hours and range of foods available for purchasers to maximise income possibilities.

Accounts for 2020/21 and 2021/22 are available with third-year working accounts for 2022/23 available to be shared, subject to a non-disclosure agreement being signed.

All internal fixtures and fittings are available as part of the purchase price. The premises are highly visible with ample private parking and easy access to collection and delivery options.

The business is available for £195,000, with a new 7-year lease of £9,500 per annum available to be negotiated with the current landlord.

LOCATION

Greenock is located approximately 20 miles west of Glasgow with a residential population of over 50,000 persons and a core catchment population of approximately 270,000 persons.

With a rich maritime heritage, the town is looking again to the River Clyde to support its future growth, with Greenock Ocean Terminal developing a new pontoon and visitor centre to support its 140,000 cruise liner passengers per annum.

Greenock benefits from excellent road links and is accessed via junction 31 of the M8 motorway with direct links to Glasgow Airport (a 20-minute drive) via the A8 and Ayrshire via the A78.

The subject property is located within walking distance of multiple railway stations, with regular train services to Glasgow, Gourock, and Ayrshire.

EMPLOYEES

The business currently employs a mixture of employees including chefs and front-of-house staff, all of whom the current occupier would wish to see a TUPE process over to the new occupiers to maintain continuity for a minimum period of 2 years.

ACCOMMODATION

The property extends to over 1,200 sq ft, excluding the outside eating area which provides further opportunities.

CURRENT LEASE

The landlord is open to negotiation of a new 7-year long-term lease for the new proprietor, with the current rental figure of £9,500 per annum, with no break options and an upwards-only rent review in 2026. Each party is to be responsible for its legal costs and outlays, including VAT incurred. 

PLANNING

All queries in relation to redevelopment/reconfiguration of the subjects or extended operating hours should be addressed to Inverclyde Council’s Planning Department.

RATES

From the Assessor's website, the property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.

CLOSING DATE

A closing date may be set, and all interested parties should make a note of interest to Bowman Rebecchi. We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.

EPC

Available upon request.

ENTRY

Our client is flexible to accommodate requests. 

PROPOSAL

Offers in the region of £195,000 are invited for the leasehold interest in the business.

VAT 

All prices, premiums, and rents quoted are exclusive of VAT.

ANTI-MONEY LAUNDERING

To comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents.

POSTCODE

Please note – the Postcode provided does not relate to the subject business, but is for guidance only. 

For further information please contact Bowman Rebecchi.