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£0 £1000000

Beautifully Presented Café for sale in Leigh-on-Sea

Leigh-on-Sea, Essex

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Sold

£29,995 +SAV

Ref: 13322 J

Leasehold

Overview

Hilton Smythe are proud to present to the market The Cake O’ Clock. Our client established this well-known café in 2014 and has successfully been running the business ever since but now has reluctantly decided to sell due to a relocating. The café operates 7 days a week and has a 5-star rating. The business offers a great range of delicious homemade cakes, quiches, freshly made sandwiches, breakfasts, homemade soups, cupcakes, milkshakes and coffees. The Cake O’clock is also known for catering parties and even arranging party bags and badges. The café also offers gluten free cakes. They sell range of party bags and badges. The café is currently turning over a figure of £83,000 per annum as per 2015 accounts with a gross profit circa of 55%. Although this is a brilliant turnover we also feel there is scope to improve by possibly opening early morning for early commuters, increase outside catering by catering for hen parties and other social events, and also open the café as a bistro in the evening. The Cake o’Clock currently operates a Facebook page and this is updated regularly with new additions to the menus and pictures of freshly baked cakes. The page also has a 5-star review rating with comments such as ‘phenomenal selection of cakes’, ‘lovely little shop, friendly and accommodating’ and ‘atmosphere was perfect’. We feel an early viewing on this business would be highly beneficial to avoid disappointment.

Turnover
The business reports an annual turnover of £83,000 as per 2015 accounts with a gross profit of 55%.

The business is currently run by the owner, 1 full time Baker and 4 part time staff.

The business is open from: Monday – Sunday: 9:30am – 3:30pm

The Cake O’Clock is located in Leigh-on-Sea, Essex. The popular café is situated on a busy, main road, within a retail parade with thriving businesses surrounding the shop including a garage, Lidl supermarket, bank and newsagents. The business benefits highly from the passing trade and footfall in the area due to the residential housing and two large schools nearby. There are free car parking facilities outside the café. Leigh-on-Sea is only a few miles from the North Sea and is home to several annual events throughout the year including the Leigh Regatta and The Leigh Folk Festival which attracts the residents and tourists from around the country on a yearly basis. The town has constant public transport running through the town and the nearest bus stop is a short walk from the business. Leigh-on-Sea train station is a 15-minute drive from The Cake O’clock and takes you directly to London Fenchurch Street, Shoeburyness and Southend Central.

The business premise is a modern terraced shop with excellent signage. Externally the business has boutique styled tables and chairs for 8 covers but could be expanded to 16 with the addition of railings to provide privacy for the café. The bistro styled café currently caters for a minimum of 22 covers. The area is fitted with 2x full height shelving units, welsh styled dresser unit, 3 wall hung menu boards, central air con unit and glass fronted drinks chiller. There is access to the rear exit and newly refurbished customer toilet and baby change area. Servery Area:1X 3 Metre Glass Fronted Display and Serving Chiller Unit 1x 1 Metre Glass Fronted Display and Serving Unit with Under Counter Internal Fridge Storage Wood Serving Counter Counter Top Glass Fronted Pie Warmer Bay Display Cake Window Cash TillLincat Hot Water Boiler Francine 2 Arm Coffee Machine Twin Panini Grill2x Blenders Hand Wash SinkFull Length Prep Unit with 10 Under Counter Storage Cupboards 5x Wall Mounted Menu Boards Washing Area is fitted with a 5 Steel Sink Unit Dishwasher Storage Shelving Music System. Kitchen:5x Ring Gas OvenUndercounter Fridge Undercounter FreezerPrep Bench and Shelving Large Extra Unit Microwave 4x Wall Mounted Cupboards Toaster 2x Cake Mixers Cake Making Equipment and Utensils PansStorage Tins and Boxes There is a raised patio area to the back of the business with access to the rear storage garage which is fitted with new electrics, 2 chest freezers and extra tables and chairs.

Tenure
We are advised that the business is Leasehold.We are advised that the original lease length is 5 years and there are 3 years remaining as of 2016.Rent: £9,000 per annum.

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