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Busy Internet Web Cafe In Reading Town Centre For Sale

Reading, Berkshire
Asking Price:
£40,000 Furniture / Fixtures included
Sales Revenue:
£100K - £200K
Cash Flow:
Under £50K

We're situated in the highly sought-after part of Reading, minutes walk from The Oracle, Broad Street Mall, Reading Central.

This is the UK’s longest running internet café and games business. Winners of various awards for coffee, and service and rated 5 stars with ‘scores on doors’, this is licensed premises and we are well known for our coffee, delicious freshly prepared food and drinks.

As well as browsing the internet, gaming, printing and scanning, customers can hire an office for meetings, or hire the upper floor gaming room with 16 screens for gaming parties, or non gaming parties (such as a presentation).

Very smart single fronted shop set over 2 floors. On the ground floor, a fully equipped café and kitchen area (13’6’’ x 29’/4.11m x 8.83m) with service counter, cake and snack displays, alcohol dispense section, preparation area, panini double grill, convection oven, 2 x freezers, 2 x fridges, microwave etc. Customer seating.

Open plan internet café area behind (10’4’’ x 21’8’’/4m x 6.7m) consisting of 5 computers used for internet browsing, printing and office work. Outside pavement seating.

Stairs leading to first floor, consisting of Office, Ladies/Gents separate toilets, large gaming room (28’ x 13’8’’/8.53m x 4.26m) 16 x gaming computers in a spacious setting including a large flat screen television connected to XBox.

Premises held on a lease, there are approximately 3.5 years unexpired, at a rent of £20,000 per annum plus Vat. Rateable value £19,250 (rates paid – circa £9240 per annum 2018/2019). Rates of 2019/2020 circa £550 per month.

Full late night premises licence, including alcohol, A3, outside seating, and restaurant.

The business is old established (1999) and we is currently the UK’s longest running internet café and GamesZone. The average takings are around £2,500 per week. Financials are available on request to a serious buyer.

This is a good business for 2 partners.

Quick sale preferred.

Property information

Property:

Leasehold

Lease Terms:

4 years remaining (LL will renew), no rent review until the end of the lease.

Leasehold Rent:

£20,000 per annum

Location:

We're located minutes away from Holland & Barrett, Boots, The Oracle and Broad Street Mall, in a busy little alley.

Premises Details:

2 story building, with a basement, leasehold.

Business Operation

Expansion Potential:

Improving the food menu, staying open later, and having more private parties (that's where the money is).

Competition / Market:

There are no other Internet or Web Cafes in town, however there are shops that do printing/photocopying, but we're not in direct competition. Many of the local businesses recommend us to their customers to get printing done.

Reasons for selling:

I want to move onto other projects.

Trading hours:

Monday-Friday
9am-8pm
Saturday
9am-6pm
Sunday
10am-4pm

Employees:
2 full time, 1 part time, plus myself doing 2 days a week, plus filling in for staff. All staff will be transferred to the buyer.
Years established:
20

Other Information

Support & training:

Happy to stay after the sale as long as reasonably needed, to provide any assistance.

Financing available:

I can finance if it helps, but for a higher price.

Inventory / Stock value:
£1,500

Contact Information

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