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Restaurant/cafe for sale

£32,000

1 Tickford Arcade, Newport Pagnell MK16

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Property description

Business
Hilton Smythe welcomes to the market Picture House Cafe; established in 1991 and owned by our vendor for two years. The owner must now sell due to unforeseen circumstances. A generous amount of money has been spent in the last couple of years refurbishing the premise, allowing for a real turn-key opportunity.

The menu is aimed at the breakfast and lunchtime market; however, the hours could be extended to incorporate earlier breakfasts and early evening meals.

Since purchasing the business our vendor has increased the trade and knows what her regulars like. There is a Facebook page and the cafe is highly regarded on Trip Advisor.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Picture House Cafe is located in Newport Pagnell within Buckinghamshire.

The premises are located on the main road(B526) within an arcade which was a former cinema, giving the premises bundles of character. There is a small parking area to the rear of the arcade as well as plenty of car parks close by.

Being in the town centre the cafe is close to all transport links and many other shops, making it an ideal stop off for breakfast or lunch.
Premises
Outside the cafe under the cover of the arcade is seating for 12.

The entrance door leads in at ground floor level, where there is further seating for 16.

Equipment includes: -

The service counter with chiller cabinet

Conti coffee machine

Oven

Two ring hob

Griddle

Microwave

Double deep fat fryer

Dishwasher

On the lower level there is further seating, which includes table seating for 12 and sofa and chairs ideal for avid coffee drinkers.

The lower level also has access to the toilet and store room with further kitchen facilities; this includes: -Sink

Dishwasher

Fridge

Other kitchen equipment
tenure
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 10 years from 2015.

The landlord is prepared to grant a new lease, with the length of the lease to be agreed between the landlord and the new owner.

Rent: £15,590 per annum
hours
The business opening hours:

Monday-Saturday:9-5

Sunday: 10-2

These have been reduced to suit the current situation of the owner. The cafe could benefit from longer opening hours.
Staff
The business is run and managed by our client, with the help of 3 part time and 1 full time member of staff.
Financial profile
Picture House Cafe generated an advised turnover of circa £86,000 as of the 2016 accounts.

What Zoopla users think of Newport Pagnell

Overall rating:

  • currently 4.5 stars
Very good - 92% (36 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Newport Pagnell:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Wolverton (3.8 miles)
  • Milton Keynes Central (4.2 miles)
  • Woburn Sands (5.5 miles)
  • London Luton Airport (21.0 miles)
  • Coventry Airport (37.6 miles)
  • London Stansted Airport (43.1 miles)
  • Kew Pier (45.5 miles)
  • Richmond St. Helena Pier (46.9 miles)
  • Richmond Landing Stage (47.0 miles)

Nearby schools

View all schools in Milton Keynes
  • Cedars Primary School (0.1 miles)
  • Tickford Park Primary School (0.3 miles)
  • Green Park School (0.7 miles)
  • Stephenson Academy (2.2 miles)
  • Milton Keynes College (4.2 miles)
  • Wootton Upper School (7.7 miles)
  • Ousedale School (0.7 miles)
  • Bridge Academy (2.2 miles)
  • The Webber Independent School (2.5 miles)
Note: Distances are straight line measurements

Local info for Milton Keynes

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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