Archived
Highly rated coffee shop and cafe for sale
Letchworth Garden City, Hertfordshire
- Asking Price: £75,000 +SAV
-
Turnover:
We are advised as per the 2023 accounts, the business generated a turnover in the region of £173,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07578
Hilton Smythe are excited to welcome to the market Ciao Italia, a highly rated and well presented coffee shop in the Garden Square Shopping Centre in Letchworth Garden City, Hertfordshire.
Ciao Italia was first established by our client in 2019, building up an excellent reputation and repeat client base. As seen by the many outstanding online reviews, the business is extremely popular within the local community.
The business has now come to the open market due to our clients desire to retire.
Ciao Italia is a mediterranean coffee shop and cafe that has the best coffee in Letchworth, offering a large choice of Italian coffees, made using 100% Arabica beans. The business also sells baked Pastries, Cannoli, Cakes, Flat breads, Arancini, Sandwiches, Salads, Aragostine, Donuts, Artisan Gelato & cold drinks.
The coffee shop is predominantly walk in and sit down customers, but has recently added Deliveroo. They also offer indoor and outdoor seating.
The business has a 5 star customer rating and has a large social media following, with over 500 followers on Facebook and over 1,400 followers on Instagram.
Key selling points -
- Over £70,000 invested to transform the unit to the contemporary Italian focused coffee house/café
- Outstanding customer reviews
- Handover period offered
- Potential to increase sales and decrease current running costs
- High quality equipment throughout
- Desirable location
- Extend current opening hours
- Increase delivery order platforms
- Outside catering
- Evening menu/Alcohol sales
- Private parties/meetings/celebrations
We are advised that the business has 3 full-time and 1 part-time members of staff.
The current trading hours are -
Monday to Saturday - 8:00am - 4:30pm
Sunday - 9:00am - 4:00pm
Ciao Italia occupies a very desirable & prominent trading location in the centre of the Garden Square Shopping Centre in Letchworth Garden City, Hertfordshire.
The business is surrounded by major high street brands, receiving high levels of footfall and passing trade.
Completely refurbed unit with new high quality equipment and a professional design.
Ground floor -
- Open plan serving/customer sitting area
- 20 internal covers
- Customer toilet
- Kitchen/storeroom
- Seating area for 6 people.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £23,000 per annum.
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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
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