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Profitable Convenience Store And Cafe In North Yorshire For Sale

Saltburn-By-The-Sea, North Yorkshire
Asking Price:
£149,950
Turnover:
£125,000
Net Profit:
Available on request

Business
Hilton Smythe is delighted to introduce to the market Something Else.

This multi facet business was originally established in the 1940’s, and was taken over by our client in 2005. Our clients run the store as a newsagents and café, this was then transformed into a café with some gift options and some extra newsagents services. Only now is the business being offered to the market due to our client's other business interests.

The café sells an excellent variety of foods and also stocks a range of giftware including brewed beers and locally distilled gins. The store has retained the newspaper and lottery trade from before the refurbishment, offering 3 delivery rounds per week. As well as this core business, they also make bespoke cakes to order for all occasions.

The business is extremely popular in the area, and has a fantastic amount of repeat trade from locals. The store has a seating area of which customers can sit and eat their hot or cold food.

The business has a vast range of high quality products and services on offer. This reflects in the turnover. We are advised the store is currently generating a healthy turnover of around £125,000 per annum, with a gross profit of approximately 35%.

We would highly advise the new owner to advertise the business more. The store has only recently received the refit and could benefit from social media sites such as Facebook and Twitter. The purchaser could also look at outside catering, this will complement the trade well.

We believe that offering a delivery for lunches to local businesses would generate an increase in revenue. There is a mass amount of potential for this business.

This is a great opportunity for a buyer looking for an already profitable business. The property also comes with a great sized owner’s accommodation, situated above the cafe. Hilton Smythe highly recommend an early viewing to avoid disappointment.

Location
Something Else is located in Boosbeck within Saltburn-By-The-Sea, North Yorkshire.

The business benefits from a prominent trading position with on street parking to either side. Boosbeck is a great village with all amenities, within the vicinity is a fantastic range of independent complimentary stores. The area is dominated by residential properties, this being the main source of income for the business.

There are several bus stops just a short walk up the road. This area is fantastic for passing trade due the road being a main road and also the close proximity to Middlesbrough city centre. Surrounding towns are easily accessible with great road links. The A171 is within easy driving distance, and links to the national A roads and motorway networks.

Premises
Something Else is located in Boosbeck within Saltburn-By-The-Sea, North Yorkshire.

The business benefits from a prominent trading position with on street parking to either side. Boosbeck is a great village with all amenities, within the vicinity is a fantastic range of independent complimentary stores. The area is dominated by residential properties, this being the main source of income for the business.

There are several bus stops just a short walk up the road. This area is fantastic for passing trade due the road being a main road and also the close proximity to Middlesbrough city centre. Surrounding towns are easily accessible with great road links. The A171 is within easy driving distance, and links to the national A roads and motorway networks.

Tenure
We are advised the business is freehold.

Hours
The business opens:-

Monday - Saturday: 7am – 2pm
Sunday: 8am-10am

There is scope to extend the opening hours.

Staff
The business is operated by the owner plus three-part time members of staff.

Financial Profile
The business reports a turnover of £125,000 per annum.
With a gross profit of 35%

Property information

Property:

Freehold

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