For Sale
Award winning Cafe/Bistro for sale
Doncaster, South Yorkshire
- Asking Price: £39,995 +SAV
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Turnover:
We are advised that the business is currently generating a turnover in the region of £1,500 per week. However, this can easily be increased with the addition of extending the opening hours. Full financials can be made available upon further request.
Please quote reference B05987
- Tenure: Leasehold
Please quote reference B05987
Hilton Smythe are delighted to welcome to the market Mowbrays. This award winning café / Bistro which was originally established in 2010, and taken over by our client in January 2020. Though our clients have thoroughly enjoyed running the business, the current owner wishes to return to live on the Isle of Man.
The café Bistro offers home cooked produce using locally sourced ingredients. Selling a range of homemade meat pies, sausage rolls and quiches. Homemade cakes, pastries, traybakes and scones served with Mowbrays extremely popular own blend coffee and a variety of teas. In addition a range of hot meals are available daily as well as Full English breakfasts, hot and cold sandwiches, panninis and jacket potatoes are just some of what is available on the menu that is frequently praised by many who visit Mowbrays.
The business premises have been updated with new furnishings, décor and flooring, creating a modern and fresh ambiance.
Mowbray’s has a 5 star review status on social media, trip advisor, social media and google, with customers stating ‘First visit since being under new ownership. Really impressed with the food. The pie had the most meat in it than I have ever had. Generous portions. Pleasant welcoming staff. Will certainly return.’ And ‘Stopped here for some lunch on route to a meeting. Staff were super friendly and food and drinks really nice. This is a hidden gem and look forward to visiting again.’
Our clients are offering a hand over period to ensure the continued success of the business.
The business provides outside catering and events. Functions have been successfully catered for within the café outside of business hours. With the unprecedented circumstances of this year we have had to be innovative and successfully provided takeaway food and deliveries, proving to be a successful element to the business.
Reasons to buy
- Extremely low rent and overheads (there is no rent review for 3 years)
- Well established with a great reputation
- Excellent location
- Handover period offered
- External covers for the warmer months
- There is the potential for evening opening to extend the business opening hours, thus increase turnover of the business. This is something that the current owners have not explored due to circumstances (Covid) but intended to do in response to many requests from customers.
We are advised that the business has 1 full time and 1 part time staff members.
The business hours are;
Monday: 09:00 – 15:00
Tuesday: Closed
Wednesday: 09:00 - 15:00
Thursday: 09:00 - 15:00
Friday: 09:00 - 15:00
Saturday: 09:00 - 14:00
Sunday: 10:00 - 14:00
Mowbrays is set in the quaint village location of Haxey, North Lincolnshire.
The property is located in a densely populated residential area, from which the business derives much of its trade. Around the area is several complimentary stores. There are other businesses, off licence, pubs, beauty salon and a Co-op; the rest of the properties are residential properties.
Set on High Street, the business benefits from the large amounts of passing trade that use this route to get too Westwoodside High Street is just off Epworth Road A161 which is a very busy A road. This goes through to Epworth town and links this part of Lincolnshire to the motorways which are located close by.
The area of the business is served by the public transport system, with bus stops within easy walking distance of the property.
The single fronted detached property is a fantastic building for a café/bistro. The front of the property is well signed, there is also an overhead retractable canopy for small outside seating area.
The café is well laid out and has covers for 20 with social distancing. During an normal service, the business can comfortably seat 32. The main dining area has a modern feel. There is a large cabinet which displays cold products on offer. The drink and till area is also very well laid out, it also allows customers to see their food being prepared.
There is also a small cloakroom with toilet with wash hand basin and hand dryer.
At the back of the premises is the kitchen which carries through the modern feel. The kitchen is a reasonable size and is well suited for the business type.
Fully equippet kitchen included in the price of the business.
There is a courtyard to the rear of the property which to areas for storage. One is used for dry storage and the other contains fridge and freezers.
Tenure
We are advised that the business is being sold on leasehold basis, with 3 and a half years remaining on the 6 year lease. It is renewable for a further 6 years, as part of the 12 year lease agreement. The rent is £650 a month and £0 rates are payable.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
