SQUIRES CAFE BAR LIMITED

Hospitality

Funds Requested

£27,000.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2013-12-31

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About the Business

Company Name: SQUIRES CAFE BAR LIMITED Company Number: 06027382
Business Type: Hospitality Years Trading: 6-10 years
Business Location: ROAD, MALVERN

About the Risk

Risk rating

A

Default rate

7.00%

Bad debt rate

9.69%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

First opened in 1954, Squires Bradburys Milk Bar was located in a small town of Sherburn-in-Elmet, North Yorkshire. It was during this time that the café became firmly established as a biker’s café. The Squires Café became more and more popular over the years with biker’s travelling to the café from all over Yorkshire, the North of England and all parts of the UK, traditionally meeting on a Wednesday evening. For many years a Wednesday night in Sherburn became an awesome site, with bikers descending on the small town, motorbikes of all makes and sizes as far as the eye could see, with Squires Milk Bar at the centre. The café accommodates regular motorcycle and motorcar club meetings during the year, along with many other events including: charity runs, fund raisers, best bike competitions, shows and live concerts. They also cater for many weddings and parties, which are held in the large function room and bar area. This room, which can hold up to 400 people, can be booked in advance for private functions. In March 2007, Squires Café Bar was purchased by the Bowness Family which comes from a farming background. Jason Weston continues with the day to day running and Harry and Sue have retired but remain regulars at the café. Recent events held at the Café have included shows by famous sixties bands, the Tremeloes and the Merseybeats, seventies band T-Rex, and the well known Rock Anthems (who regularly appear at the TT racing in the Isle of Man). The Yorkshire Rock and Bike Show is held each year and is a popular event in the Squires Café Bar calendar. Squires Café Bar with its camping facilities (tents and touring caravans) makes an ideal touring base for the beautiful Yorkshire Countryside. The Bowness family are dedicated to allowing the history of Squires Café Bar “Milk Bar” to continue, and seek to provide a friendly and accommodating environment for the bikers who travel from far and wide, and also for the local residents of Sherburn in Elmet and the surrounding areas. www.squires-cafe.co.uk/

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Loan Offers

What is the loan for?

The loan will be used for business expansion, particularly ground works for the caravan park.

Why consider investing?

The Bowness family are dedicated to allowing the history of Squires Café Bar “Milk Bar” to continue, and seek to provide a friendly and accommodating environment for the bikers who travel from far and wide, and also for the local residents of Sherburn in Elmet and the surrounding areas. We are developing and expanding the business and increasing the turnover and sales each year.

DateAmountCapitalInterestReceived
02/02/2014£911.82£615.72£296.10
02/03/2014£911.82£622.47£289.35
02/04/2014£911.82£629.30£282.52
02/05/2014£911.82£636.20£275.62
02/06/2014£911.82£643.18£268.64
02/07/2014£911.82£650.23£261.59
02/08/2014£911.82£657.36£254.46
02/09/2014£911.82£664.57£247.25
02/10/2014£911.82£671.86£239.96
02/11/2014£911.82£679.23£232.59
02/12/2014£911.82£686.67£225.15
02/01/2015£911.82£694.20£217.62
02/02/2015£911.82£701.82£210.00
02/03/2015£911.82£709.51£202.31
02/04/2015£911.82£717.30£194.52
02/05/2015£911.82£725.16£186.66
02/06/2015£911.82£733.11£178.71
02/07/2015£911.82£741.15£170.67
02/08/2015£911.82£749.28£162.54
02/09/2015£911.82£757.50£154.32
02/10/2015£911.82£765.81£146.01
02/11/2015£911.82£774.21£137.61
02/12/2015£911.82£782.70£129.12
02/01/2016£911.82£791.28£120.54
02/02/2016£911.82£799.96£111.86
02/03/2016£911.82£808.73£103.09
02/04/2016£911.82£817.60£94.22
02/05/2016£911.82£826.57£85.25
02/06/2016£911.82£835.63£76.19
02/07/2016£911.82£844.79£67.03
02/08/2016£911.82£854.06£57.76
02/09/2016£911.82£863.42£48.40
02/10/2016£911.82£872.89£38.93
02/11/2016£911.82£882.47£29.35
02/12/2016£911.82£892.14£19.68
02/01/2017£911.82£901.93£9.89
Total:£27,000.01£5,825.51