Rainbow Restaurant & Cafe, Cambridge

Leasehold for Sale

Rent: Passing Rent £18,900 Ex VAT per annum exc VAT

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Award winning restaurant in Central Cambridge

Key Points

  • n/a - (n/a)
  • Access directly off King's Parade
  • Thriving award winning business in prime Cambridge
  • Profitable and established business capable of further growth
  • Long lease with reasonable passing rent

Location

Located in the heart of Cambridge opposite King's College in a prime city centre location. The Rainbow Café is a well renowned award winning restaurant & café close to Market Square and The River Cam.The acclaimed business has been established over many years, has excellent TripAdvisor rating, and provides a rare opportunity in such a central Cambridge location.

Property

The restaurant is accessed off King's Parade, one of the busiest and well known thoroughfares in the whole of Cambridge. Access is via an traditional passageway to a ground floor area which provides access to the extensive and characterful basement trading area.

The trading areas are informally laid out and provides flexible accommodation for over 50 covers in total in two, potentially three, distinct trade areas.

To the rear is a well fitted commercial trade kitchen and storage areas including walk in chiller and cold store. Further storage is provided at ground floor level. Unisex WC's are situated at first floor level.

Business

The Rainbow Cafe is unique in Cambridge as a vegetarian restaurant serving only purely Vegetarian food with a specialism in Vegan and Gluten Free food since 1988. As a result the business continues to appeal to many religious and visiting groups for that reason. This acclaimed business has recently won the following awards;

2017 Les Routier Cafe of the Year- Winner (making the Rainbow the only vegetarian restaurant to win this award). 2015/6 Free From Eating Out Awards - Gold Finalists for the 2017 awards. Runner up for the past 5 years for the OFM Awards, 'Best Ethical Restaurant'.OFM, 'Best cheap eats', for the past 3 years. Free From Gold Award, 2016 and finalists in this years 'Creme de la Creme', made up from previous winners.

There remains immediate opportunities to increase turnover by opening longer hours, as well as providing take away business where there is growing demand. The trading hours are currently limited to Tuesday- Saturday 10am-10pm and Sunday 10am-3pm (subject to Landlords consent).

The business has a loyal following and is consistently profitable with high levels of turnover year on year. Accounts can be made available to any genuinely interested parties.

Lease Terms

The current lease is for a term of 15 year lease from Gonville and Caius College commencing 27th December 2002, expiring on the 26th December 2017, subject to 5 yearly rent review.

The owner is renewing the lease for a new 15 year term from 2017 on the same terms as the initial lease which will be made available to the assignor.

Price

Premium offers are invited for the benefit of this thriving business, inclusive of all social media and intellectual property rights, including www.rainbowcafe.co.uk and www.vegetariancafe.co.uk, trade fixtures and fittings, goodwill, plus a renewed 15 year protected lease.

Rates & Charges

Business Rates
£4,567.00 per annum (based on a Rateable Value of £9,800)
Council Tax
Available on enquiry

9a King's Parade
Cambridge
Cambridgeshire
CB2 1SJ