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**Accounts Audited 31 August 2017**
Annual Turnover £126,725 (Audited 31 August 17)
Gross Profit £72,170 (Audited 31 August 17)
Seating for 40 Inside & 24 Outside
Fully Equipped to a High Standard
Large Car Park Opposite
Popular Gym Next Door
7 Point CCTV Fitted - Free Customer WIFI
Opportunity For Expansion
Run Under Management
EPC – E
REF 6344 – Leasehold Cafe In Burnley
Blacks Brokers are pleased to bring to the market this leasehold cafe located in a very busy and much sought-after area of Burnley, Lancashire.
Kingsway Coffee was established by our client in 2015 due to a gap in the market within Kingsway House for a café/coffee shop. Kingsway House is a huge, multi occupancy commercial building which is home to numerous other businesses including a busy gym, training centre and insurance offices – this ensures a constant supply of customers. Kingsway Coffee has quickly become an integral part of this business community, gaining a large customer base and plenty of excellent Google and Trip Advisor reviews. It also has a strong social media presence with a good Facebook following. Our client has ensured the business has gained and maintained a five star hygiene rating and also offers customers free WIFI.
Kingsway Coffee is positioned on Kingsway in Burnley town centre – this area is densely populated commercially and is close to Turf Moor football ground with excellent access to the M65. The University of Central Lancashire is also within walking distance along with Charter Walk Shopping Centre. There is a large car park opposite and roadside parking immediately outside the building for customers. The lease includes three free staff parking spaces.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but is currently operating under management due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is ten years and began in 2014 at a cost of £288 per week.
BUILDING LAYOUT AND DESIGN
Kingsway House is a large, multi occupancy building. Kingsway Coffee is well branded with very large signage displayed above a covered patio area and fully glazed frontage. Inside, the café operates from the ground floor with main café area and kitchen. The café is presented to a high standard with wooden tables and a selection of chairs and bar stools. The décor is modern and nicely finished with main servery counter positioned to the rear of the space. The counter has large menu boards above and display oven for hot pies and snacks. To the rear is a large, fully equipped kitchen complete with grills, commercial oven, toasters and much more. There are also two toilets situated within the café both with disabled access. The business also has a utility room, storage area and private administration office. CCTV is fitted throughout the business.
The business is currently operating with two full time and two part time members of staff in employment – this includes one full time manager. Our client is not involved in the day to day running of this business. The staff are all reliable and experienced – they can offer great continuity of service to the customer base, and a new owner-operator would be greatly beneficial to support them.
Kingsway Coffee has traded solidly since opening. We are advised that the business currently has annual turnover of £126,725 with gross profit of £72,170. Full financial details are available upon viewing.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb trading position within a busy multi occupancy commercial building. It has a large base of regular customers and superb reputation. There is plenty of scope to develop the business further with the introduction of a delivery service, Sunday opening and an online presence with ordering service. There is also potential to offer catering within Kingsway House for other business events such as lunches and snacks. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Mon - Fri - 8am - 7pm
Sat - Sun - Closed
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