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Great Location. Exceptional City Centre Café. Low Rent! For Sale

Derby, Derbyshire, UK
Asking Price:
£62,500 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Under £50K

In a prime location, this exceptionally busy, city centre café and coffee shop is on track to double the turnover of the same period last year; and the takings have not plateaued.

Established in 2017, Rask Cafe is a thriving independent café and coffee shop, renowned for serving excellent coffees, delicious breakfasts, brunches, home cooked lunches and cakes; all made fresh in-house with a passion for quality and health. With a bustling takeaway market and everything available to go, this is a fantastic opportunity to own a beloved local business with a loyal customer base and strong revenue streams.

Rask is situated on the ground floor of Sadler Bridge Studios which, in addition to the café, houses 35 managed workspaces. Staff working in the building have become loyal customers, along with other city centre workers and shoppers visiting the city. The premises are well maintained, of high quality and attractively presented.

The Premises consist of a welcoming serving counter, well equipped kitchen and prep area, 2 generous storage areas (1 room and 1 cupboard in addition to shelving in the kitchen and prep area) and 2 customer wcs (cleaned and restocked by the landlord). There are 32 covers internally (in comfort), with approximately 9 pavement covers and a further 20 covers in the outdoor courtyard. The outdoor spaces are particularly popular in the warmer weather and could be made year round with the addition of shade sails and heaters (NB; permission may be required by the landlord).

Potential: Delivery platforms such as Uber Eats, Bistro evenings, after work drinks, private parties, afternoon teas, Sunday lunches, in-house and outside catering etc; are yet to be explored. This is an exciting, turnkey investment with great growth potential.

Takings. We are advised these average £14,000 per month.

Stock Level. To be taken at valuation. Estimated at £3,000.

Staff. Currently a team of 4.
2 full time staff are required each day (1 in the kitchen and 1 front of house), plus a part-time team member for the core period (approx. 3.5 hours per day). 2 long term staff members wish to remain in the business.

Tenure: Leasehold.
Term: 3 yrs from August 2024. We understand that a new lease will be made available.
Rent: £650 pcm including VAT.
Rates: £nil with SSBR.

Summary. This is an exceptionally busy, city centre café and coffee shop that is still growing. The turnover is close to double that of the same period last year; and the takings have not plateaued. Act quickly to secure this attractively presented, high sales business with low outgoings.

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

3 yrs from August 2024. We believe a new lease will be made available for the new tenant.

Leasehold Rent:

£7,800 per annum

Location:

Ground floor of Sadler Bridge Studios, Derby City Centre.

Premises Details:

Excellent, quality premises. Great location with 35 in-house managed businesses, nearby is the popular Sadler Gate, museum and student accommodation. Prime on street seating, a courtyard and 32 covers internally. Busy location with plenty of customers passing by.

Energy Performance Rating:
C

Business Operation

Expansion Potential:

Delivery platforms such as Uber Eats, Bistro evenings, after work drinks, private parties, afternoon teas, Sunday lunches, in-house and outside catering etc; are yet to be explored. This is an exciting, turnkey investment with great growth potential.

Competition / Market:

None of this quality in this location.

Reasons for selling:

Vendor planning to emigrate.

Trading hours:

Monday to Friday 8am - 3pm, Saturday 10am - 3pm. Sunday closed.
There is potential for opening later, especially during the summer, plus evening opening on Friday and Saturday evenings for themed dining or special events. There is demand for Sunday opening also.

Employees:
2 full time staff are required each day (1 in the kitchen and 1 front of house), plus a part-time team member for the core period (approx. 3.5 hours per day). 2 long term staff members wish to remain in the business (whom are capable of running the business).
Years established:
8 years

Other Information

Support & training:

2 long term team members wish to remain in the business; whim are capable of running the business. A handover will be provided by the vendor.