A superbly-fitted cafe/coffee shop which trades from a busy main road position, opposite a popular recreational facility and within close proximity to schools. The business has been long established as a cafe/coffee house in the area, with our client purchasing the business over 3 years ago. After purchasing, our client then undertook a substantial refurbishment of the premises and has now brought the business to market with a genuine reason for sale due to their other business commitments. They specialise in freshly made-to-order sandwiches, nutritious salads, buttery jacket spuds and home-made soups plus so much more. They also have a wide selection of vegan and vegetarian options available. Our client has built up an enviable reputation in the area supported by a 4.3* google rating and a 4.7* facebook rating. Very strong established turnover based on the most recent profit & loss account, however, the business still leaves huge scope to increase this further by increasing the trading hours, as our client currently only opens until 3.30 pm, but is licenced for the sale of alcohol up until 11pm. Viewing recommended.
Location
The premises is fantastically positioned along a main road, opposite a popular recreational facility and in close proximity to schools. The premises is situated along a busy parade of shops, surrounded by various other business types.
Tenure
New lease available at a commencing rental of £12,000 per annum exclusive.
Premises
A semi-detached retail shop with large forecourt seating area which can accommodate a comfortable 20 covers and is enclosed with surrounding flower bedding. There are bi-folding half-glazed doors leading into the premises which measures approximately 780 sq. ft. (72.4 sq. m.) and is arranged as follows:
Main Cafe/Coffee Shop Area
currently arranged to provide 30 internal covers with hanging lighting, serve-over counter, large refrigerated cake display unit, beer taps, till, coffee machine, coffee grinder, blender, large display drinks fridge, stainless-steel wash hand basin, under-counter fridge, dishwasher, stainless-steel sink, fridge/freezer, stainless-steel prep table with under-counter refrigeration, double panini press, 2 x single panini presses, large oven, 2 x microwaves, toaster and under-counter fridge.
Store Room
At the rear of the main cafe/coffee shop area is a door which leads through to a small corridor with 3 doors off, one into a STORE ROOM with 2 x upright fridges, fridge/freezer, chest freezer and various shelving.
Rear Garden Area
A second door leads through to a WC and the third door leads outside to a REAR GARDEN AREA currently covered by a large marquee covering and arranged to provide a comfortable 50 covers.
Staff & Trading Hours
Various part time members of staff. Monday to Sunday 8.30 am till 3.30 pm. The premises licence allows for the sale of alcohol from 9.30 am till 11 pm.
Turnover
The most recent profit & loss account ending 31st May 2022 confirms sales of £235,862 which equates to in excess of £4,500 per week with a gross profit margin of 76%. The business still leaves scope to increase this turnover by increasing the trading hours to utilise the 11pm alcohol licence and potentially incorporating a delivery service.
Business Rates
The premises is subject to a rateable value of £8,000 resulting in zero business rates payable should small business rate relief apply to a purchaser.
Legal Costs
Each party are to be responsible for their own, with the landlord's legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser.
Summary
A very well-known cafe/coffee shop which is fantastically presented and has come to the market with a genuine reason for sale. Good trading location. Massive potential to increase on the already established turnover by simply extending trading hours and incorporating a delivery service. Viewing recommended.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
