Reputable Cafe/Restaurant For Sale
- Asking Price: £100,000 +SAV
Further financial information can be made available upon request.
Please quote reference B06869
- Tenure: Leasehold
Please quote reference B06869
Hilton Smythe are pleased to have been given the opportunity to manage the sale of a well-established Coffee Shop / Restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular, profitable and well used local business in an area teeming with customers.
There has been a food based business at this site for many years. The current owner has been running it for the last eight years and the business has been a real labour of love for her accruing an impressive number of regular customers and an unrivalled reputation.
This wonderful business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors need to concentrate on her other businesses, she is keen to see her beloved coffee shop cum restaurant pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
The business is a Mediterranean Restaurant which prides itself on its ability to whisk their customers off to sunnier climes with its authentic dishes. The business offers a varied menu with its meals being lovingly and carefully prepared on the premises using local ingredients and seasonal products wherever possible. A sample menu includes;
- Loaded Fries
- Feta Sto Fourno
- Beef Stifado
- Vegetarian Options
- Platter Boards
- Kids menus
- Wines Beers and Sprits
- Coffees, Teas and Soft Drinks
- Freshly baked Cakes including a Cake of the Day
- Gluten free options
The sale will include the company website and Facebook and Instagram pages and the business enjoys great visibility on the internet along with impressive reviews such as;
“Food freshly cooked and OMG it tastes incredible”
“Fantastic Greek meal with the best of staff and hosts”
“Food is very fresh and tasty, staff very friendly, great service “
Scope to Improve
- Advertising and marketing campaign
- Upgrade the existing website perhaps adding a booking facility
- Introduce a customer loyalty card/ Scheme
- Explore online voucher discounters such as Wowcher, Groupon and Taste card
- Develop the outside catering side of the business
- A well established business with an enviable reputation and many existing customers
- A real lifestyle business offering a lucky new owner the opportunity of living and working in this lovely sea side town
- Includes owners accommodation or immediate rental income
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
- Little or no competition locally
- All fixtures and fittings included making this a real Turnkey business opportunity
The business is owner run and managed with the help of a full time chef, 2 part time chefs, 3 part time members of staff and casual staff as required.
The business trading hours are as followed:
Monday to Wednesday - 10:00am - 21:00pm
Thursday - 10:00am - 16:00pm
Friday & Saturday - 10:00am - 21:00pm
Sunday - Closed
The business is located in Cumbria.
The business is ideally positioned in the centre of the town and 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 clear visible signage and distinctive livery.
The business occupies generous premises arranged over two floors briefly comprising;
Windows and glazed double doors to front creating a light, airy and inviting interior with a pleasing upmarket feel, expensive looking wood effect flooring, LED spotlights enhance with pendant lighting, tongue and groove wood panelling to dado height, nice quality tables and chairs currently providing approximately 34 covers but room for more, velvet tub chairs with gold legs, leather effect tub chairs and low tables, multi fuel stove on marble effect plinth, feature wall papered walls, bar area with brick effect and timber work top, coffee machine and grinder, EPOS till system, bespoke shelving, freestanding glass cake and gateau display.
Generous cellar, dry with power and light
With space for desk, filing cabinet etc
Dry Goods / Freezer Room
A useful corridor with shelving
Currently used for drinks storage
A further small room providing additional storage
To the rear of the premises
Comprehensively equipped catering kitchen with access to;
Providing a seating area for flat
Flat / Owners accommodation
Included in the lease is a self-contained flat with its own entrance comprising 2 bedrooms, shower room and open plan kitchen / living area. This could be used for owners / managers Iiving accommodation or could be rented out for approximately £695 per month. The flat offers holiday let or AirBnB potential which would maximise the lucrative rental income.
We are advised the business is being sold on a Leasehold basis with 20 years remaining on the Lease, the rent is £1,477 per month.