£0 £1000000
£0 £1000000

A1 Licenced Café & Book Shop Hertford

Hertford, Hertfordshire

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Sold

£49,995 +SAV

Ref: 13711 J

Leasehold

Overview

Hilton Smythe welcomes to the market Leaf Café. The business was established by our client in 2013. The owner now looks to sell the business; due to the desire to focus on other interests. The business runs as a café and children’s book store. This is a family focused cafe and book shop highly welcoming to children of all ages. The café regularly holds author events, book clubs and writing courses as well as craft and play sessions. Leaf also arranges private birthday celebrations and events as well as working closely with local schools. Trade is split 80% cafe sales and 20% book sales.The café boasts 30 covers inside and 12 outside in a secluded courtyard garden to the side of café. The café sells high quality products. All cakes are homemade with ethically sourced ingredients and coffee is locally roasted. A successful loyalty card scheme encourages a customer’s return. The café has a 5* food hygiene rating and the property has an A1 licence. Leaf Cafe generated an advised turnover of around £115,000 as of the 2017 accounts, with a gross profit of 66%. This is a healthy turnover with scope to further increase this figure. The business should look to expand its book sales and maybe introduce the sale of toys. The business already has a website. This is easy to use and has a plethora of information about the business. This promotes up and coming events, this can be found at www.leafcafe.co.uk. Changing the site to e-commerce could allow for more book sales. A business Facebook page is also in place, this is regularly updated and boasts over 700 followers. The business is well reviewed with a rating of 4.5 out of 5 across online channels. This is a fantastic opportunity that would be ideal for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade. The owner will be open to any sensible offers.

Turnover
Leaf Cafe generated an advised turnover of around £115,000 as of the 2017 accounts, with a gross profit of 66%.

The business is run by our client, with the help of a manager, assistant manager and four part time members of staff.

The business opening hours: Monday to Friday: 8.30am - 5.30pmSaturday: 9am - 5.30pmSunday: 10am - 4pm

Leaf Café is located in Hertford, Hertfordshire. The business boasts a town centre location, surrounded by ample retail outlets. The area is also filled with residential properties, from which the store derives much of its trade. The property was formerly used as an old coaching house, with lots of character and original features. The town has several car parks. Hertford is a historic market town 20 miles north of London. The town has a population of circa 27,000 and boasts all amenities. This is a popular town that is currently undergoing lots of building developments; this should increase the population. The business is set in a town centre location, just minutes away from the A414. An arterial A-road that further connects to the A10 and A1 motorway network. There is great public transport with two train stations in the town, each within easy walking distance.

Leaf Café boasts a historic site just off the main high street. The property has a large window across the front this allows for a bright interior. To the side of the property is a drive, this leads to the rear garden. This can be used for pushchair storage. This is a secure area with seating, it’s also gated to allow children to play safely. GROUND FLOOR- Cafe areaFront service counter to the left on entrance, this is a bespoke counter with coffee making area, cake displays and fridges. To the rear is a 30-cover seating area. There is also a customer toilet and baby changing facility. Internal seating areaPainted chairs and solid wood tables, brick corner fireplace and an activity chalk board. Book shop areaThrough to the rear is the book shop area, this is a bright space with plenty of shelving. This area has ample shelving cases to four sides. There is access to the side garden and rear store cupboard from here. Full equipment list available upon request.

Tenure
We are advised the business is being sold as a Leasehold business opportunity. Original lease length: 5 yearsRemaining lease length: 1 yearsNew lease to be negotiated. Rent: £16,500 per annum

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