£0 £1000000
£0 £1000000

Popular Cafe with Complimentary Traditional Sweet Shop

Kingswinford, West Midlands

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Sold

£50,000 +SAV

Ref: B05583

Leasehold

Overview

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Fanny Adams Traditional Sweet & Coffee Shop which is well established with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

Fanny Adams Traditional Sweet & Coffee Shop was founded by the current owners in 2009 when they identified a gap in the market and the business has been a real labour of love for them accruing many regular customers and a burgeoning reputation.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to concentrate on their other business interests. They are keen to see their beloved Sweet & Coffee Shop pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Fanny Adams sells a range of the nations’ favourites, old fashioned retro sweets through its lovely retail store along with children’s party bags etc.

Additionally, the business also comprises of a coffee shop / Café and offers a comprehensive menu which includes hot and cold drinks, hot meals, daily specials, Sandwiches and rolls, cream teas, milk shakes, jacket potatoes and kids drinks etc.

The business is proud of its five-star hygiene rating and has recently signed up to Just Eat and is already seeing an upturn in its turnover.

The sale will include the company Facebook page and the business enjoys great visibility on the internet via websites such as Just Eat and TripAdvisor.

The sale also includes a 2 bedroom flat on the first floor which has the potential to achieve an annual rent of approximately £6000 per annum.

Scope to Improve

  • Advertising and marketing campaign
  • Update the existing website
  • Extend the opening hours and consider opening on Sundays
  • Explore the feasibility of wholesaling the confectionery side of the business.
Reasons to Buy

  • A well established business an enviable reputation and many regular customers
  • Low running costs with inexpensive rent and no business rates
  • All fixtures and fittings included making this a real ‘Turnkey ‘ business opportunity
  • Ideal owner managed or partnership business
  • Current owners happy to offer a handover to ensure the continued success
  • Prime trading position in a busy and vibrant shopping parade
Hilton Smythe highly advise early viewing to avoid disappointment.

This great little business is likely to attract considerable interest.

Turnover
Fanny Adams Traditional Sweet & Coffee Shop generates an advised current turnover of circa £105,000 per annum and continues to grow at an impressive pace. The business has recently signed up with Just Eat and this is already having a positive effect on turnover.

The business is run and managed by our clients with the help of 2 full time and 1 part time members of staff.

Monday to Friday 08.00 – 18.00

Saturday 09.30 – 16.30

Sunday Closed

Fanny Adams Traditional Sweet & Coffee Shop is located in Kingswinford.

Kingswinford is a suburban area of the Metropolitan Borough of Dudley in the West Midlands, situated 5 miles west-southwest of central Dudley

The business is in an area of densely populated residential housing comprising of a mix of property types including owner occupied, private rented and local authority housing.

Fanny Adams is situated in an unusually busy and vibrant shopping parade, sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade along with regular custom.

The business is beautifully presented and maintained with a pleasing traditional but upmarket feel and clear, visible signage and distinctive livery.

There is generous free, off street car parking in the shoppers’ car park immediately outside the premises.

The business occupies two floors of an inner terraced brick built building and briefly comprises:

Ground Floor

Shop / Café

Double fronted and beautifully presented with windows and glazed door to front creating a light, airy and inviting interior, refitted at some considerable cost to the current owners with expensive looking wood effect flooring, long bespoke counter with timber worktop and generous wrapping area, bespoke shelving,

Perspex Sweet displays, glass fronted drinks chiller, twin slush machine, rear counter with tongue and groove panelling and marble effect worktop, Conti Coffee Machine, coffee grinder, blender, comfy seating area with feature brick effect wall paper, tables and chairs currently provide approximately 16 covers but room for more.

 

Kitchen

A range of base units with complimentary worktop, 1 ½ bowl sink with Triton water heater, 2 under counter fridges, 2 under counter freezers, 4 slot toaster, Beko microwave oven, 2 ring electric hob, halogen oven, Russell Hobbs mixer, soup kettle, popcorn machine. 3pot slow cooker, door to rear.

First Floor

To the first floor is a two bedroom flat in good order that offers the potential for owners living accommodation or immediate rental income.

There is a yard to the rear of the business and a number of allocated car parking spaces.

Tenure
We are advised that Fanny Adams Traditional Sweet & Coffee Shop is being sold as a leasehold business opportunity.

The existing lease has approximately 2 years remaining and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £9500 per annum which is really reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.

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