£0 £1000000
£0 £1000000

Large Coffee Shop Within Library Complex

Houghton-Le-Spring, Tyne and Wear

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£58,000 +SAV

Ref: 2669

Leasehold

Overview

Hilton Smythe are delighted to welcome to the market Peppercorn Coffee Shop. This fantastic café was established in 1997 by our client and has been extremely popular ever since. Our client is now looking in to selling the business due to the desire for a well-deserved retirement. The advised turnover for the business is £130,730 per annum with a high gross profit of 76%. The café is currently open till 4:30pm and with a scope to improve turnover by increasing opening hours in to the evening, the business really could attract more interest from many more customers. Opening later hours and also Sundays the business could also benefit from an alcohol licence. The business currently runs as a coffee shop and sells hot and cold snacks and also meals. The business has great reviews on TripAdvisor commenting on the fantastic service and food served. There are a lot of returning and very loyal customers to this business. The business currently caters for 75 covers including the seating in the terrace area. There is a lot to do in the area, and the Durham Wildlife Trust Reserve attracts a lot of tourists to the area. The area is always bustling and being part of the library attracts a lot of customers to the coffee shop, as people would like to get a lovely tasting cup of coffee and like to sit on the terrace reading a book. This business is fantastic and is such a great opportunity for a new owner, I advise an early viewing and also to admire this lovely town.

Turnover
We are advised the turnover for the business is around £130,730 per annumWith a gross profit of 76%

The business is run and managed by our clients with the help of 3 full time and 1 part time member of staff. The wage bill is around £32,000.

Business opening times- Monday-Saturday: 8:30am-4:30pmSunday: Closed

Peppercorn Coffee Shop is set on a main road in Houghton Le Spring in County Durham. This café is part of the library building which comes with a large free car park at the back of the premises. The town centre location of the business means the footfall is high in the area. This attractive area has an array of retail outlets, bringing to the area more opportune customers. Next door to the business is a charity shop, across the road is a DIY/Hardware store. Close by is the local primary care centre and sports centre, with many other public amnesties. This location has great connections to other towns with the constant busses that stop just a bit further down the road from the shop. There is easy connections to Houghton Cut A690, which is from Sunderland leading straight to Durham town centre. The A1 motorway is just a 20 minute drive from the café.

The premises is clearly signed and is clearly visible to all passing trade. The outside seating area has covers of 20. The inside of the coffee shop is large and is very bright with all natural light from the full front of windows. There are many tables and chairs and covers up to 55. The counter allows customers to see clearly what products are on offer with the cold chiller display and little extras for drinks. There are specials signs displayed throughout to show the food on offer. The interior is very traditional and could benefit from slight improvements to modernise the business and make it more appealing to customers. The equipment in the main area is as follows-Cold fridge display unitTill Ice cream freezerDouble jug slush makerCoffee grinder2 x Coffee machinesSmall wash hand basinSmoothie machineTelevisionLiving magazine rack The kitchen is to the back of the premises and is fully equipped to accommodate the business. Below is a list of the equipment in the kitchen. Gas cooker3 x FridgesStainless steel workbench3 x Touch griddlesCooling cabinets3 x FreezersDishwasherDouble sinkFull extractor system The premises comes with a full sized basement which is extremely large. This area is currently used as storage but could be easily adapted to suit the new owner’s needs. There is currently shelving and a drinks display fridge, 3 chest freezers used for stock there is also a washing machine.

Tenure
We are advised that the business is LeaseholdOriginal lease length 10 yearsRemaining length of lease 7 yearsRent £18,000 per annum

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