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Established Coffee Shop - Kendal For Sale

Kendal, Cumbria, UK
Asking Price:
£66,995 Furniture / Fixtures included
Turnover:
£61,668
Net Profit:
Available on request

Prominent High Street Trading Position
Accounts Available Year End 5th April 2020
Annual Turnover £61,668
Gross Profit £42,775
2021 Accounts Also Available
Low Rent Only £154 Per Week
Accounts Available After Viewing
Established 2017
Ill Health Sale
Seating For 19
Five Star Food Hygiene Rating
Owner Operated / No Staff
Comprehensive Website
Scope To Introduce Deliveries
Potential For Marketing Drive
EPC - TBC

REF 7535 – Leasehold Coffee Shop

Blacks Brokers are pleased to bring to the market this leasehold coffee shop located in Kendal, Cumbria.

INTRODUCTION

Michelle's Coffee Shop was established by our client in this affluent central area of Kendal in 2017. The business offers a variety of freshly prepared breakfasts, lunches, snacks and hot drinks as well as speciality celebration cakes. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Trip Advisor. Michelle's Coffee Shop has a comprehensive website in place and a good social media following.

LOCATION

Michelle's Coffee Shop occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Clarks and Superdrug. There are also a number of car parks and other local amenities nearby. The area is well linked by the M6 with very strong public transport links including Kendal Train Station and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017 at a cost of only £154 per week.

STAFF

The business operates with our client and partner only in employment.

FINANCIAL DETAILS

Michelle's Coffee Shop has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2020 show annual turnover of £61,668 and gross profit of £42,775. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well established business occupies an enviable trading position in a busy and highly sought after area of Kendal. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours, possibly an evening menu and delivery service. A new owner could also look into catering for other local businesses. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON & TUE: 10:00 - 16:00
WED: CLOSED
THU - SUN: 10:00 - 16:00

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