A well established Café Restaurant in a highly enviable and prime town centre location. These premises are fitted out to a high standard and will be sold inclusive of all tenants fixtures and fittings save for the trading name.
The business has only come to the market due to the owners family commitments.
The business is well known for its artisan coffees which make up close to 40% of sales, and its high quality made to order menus which include sandwiches, toasties and paninis, wraps, salads, jacket potatoes and breakfasts; catering for mainstream, vegan and vegetarian diets.
Turnover is well established and proven, but there is a lot of scope to increase further by extending the trading days and times to possibly capture evening trade, as the premises were licensed, though this is not being utilised at present.
Location
The premises is situated in a sought-after town centre location that provides highly enviable levels of footfall that not many locations offer. The business is surrounded by major banks and retailers, with the addition of a new development greatly increasing town centre living.
Tenure
The existing lease has security of Tenure under the 1954 Act. The present passing rent is £42,000 plus VAT per annum exclusive.
The Premises
The premises occupy a corner setting in the town centre and are presented over multiple floors all of which include customer seating.
Exterior Front
The unit benefits from an annual street licence for external seating to the front elevation of the shop.
Main Coffee Shop/Café
This is presented over numerous floors accessed via an internal staircase. There are a combination of floor finishes, made up of wood flooring, carpets, tiles and Altro.
Lighting is made up of a combination of hanging pendants, spot lights and wall lights.
The unit can currently accommodate 70 covers with space for more covers if required.
The service counters on the ground floor include a large serving counter with granite finishes, large refrigerated deli counters, display fridges, coffee machine, coffee grinder, under-counter fridges, under-counter freezer, blender, panini machines, fan oven, microwaves, sinks and a glass washer. There is also a small washup area with stainless steel sink and commercial dishwasher.
Kitchen/Prep Room
In addition to the above, on the top floor there is an air conditioned kitchen/prep room, with a dumb waiter (in need of servicing), stainless steel sinks, under-counter freezer, numerous upright fridges, ice machine and extractor system .
Office/Stock Room
On the top floor there is an office/stock room with various shelving/racking.
Staff & Trading Hours
The business is run under management with 3 to 6 staff per shift dependant on the day of the week. The business currently trades 7:30 am to 5 pm Monday to Saturday and 9 am to 4 pm on Sunday. We are advised there are no time restrictions on the trading hours.
Turnover
Gross Turnover for the 12 months to 30 June 2024 were £411,000.00
Business Rates
Presently business rates payable are circa £800 per month.
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction. In the event that the purchaser wishes to secure a new lease with the landlord's, then such legal costs in the establishing of the new lease to be the responsibility of the purchaser.
In Summary
A well presented established business fitted and furnished to a very high standard. Highly enviable trading location that provides extremely high levels of footfall. Good established turnover, but scope for further improvement.
Viewing
Viewing by appointment only, on the understanding that staff are unaware.
Note:
These particulars are a summary of the business details, and none of the information supplied here forms part of any contract. Acceptance of these particulars constitutes agreement to the effect that all negotiations for the business or property will be made through the seller and or their appointed agent only.
