£0 £1000000
£0 £1000000

Traditional Café in Shopping Centre Location

Nuneaton, Warwickshire

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Sold

£34,950 +SAV

Ref: 12540 H

Leasehold

Overview

Serious offers ConsideredHilton Smythe welcomes to the market The Village Pantry. The business was originally established around 15 years ago. This is a well-established café that has an enviable reputation. The owner has run the business since 2010 but is now looking to sell due to the desire to focus on other business opportunities. The business runs as a traditional town café selling a fantastic range of delicious foods to eat-in or takeaway. They serve breakfasts, lunches, snacks and teas and coffees. They sell foods such as sandwiches, jacket potatoes and hot breakfasts. They also offer specials such as scampi, lasagne and faggots. The café generates an advised turnover of around £79,000 per annum with a gross profit of 45%. This is a great turnover that could be increased in several ways. Some ways we feel turnover could be increased would be to-Maximise the use of social mediaDevelop a websiteOffer deliveries to local industrial estatesConsider Just eat or Hungry House This is a great opportunity as there is low running costs and little competition around. The café is in a walk-in trading position and would be a perfect opportunity for a first time buyer. Hilton Smythe highly advise early viewing to avoid disappointment.

Turnover
The business generates a turnover in the region of £79,000 per annum.Gross profit 45%

The business is run and managed by our client with the help of one full time manager and 2 part time members of staff.

The business is opening hours- Monday - Thursday: 8:30am – 2pmFriday & Saturday: 7:30am – 2pmSunday: Closed

The Village Pantry is located in Attleborough, Nuneaton, Warwickshire. The business is situated outside a busy shopping centre alongside complimentary businesses. This is a busy shopping location as there is a plethora of retail stores around. The café is directly facing a Co-op supermarket and is close by to a large car park. There is also free on street parking just 1 minute away. The business is situated just off an arterial road that runs through the town. The A4254 runs from the A444 to the A47; these roads head directly into Nuneaton. There are also great public transport links around such as the Nuneaton train station which is a short drive away. In the area there are bus stops dotted around within a minutes’ walk from the cafe.

The business is set within a single storey property. The front is well-signed with large signage above the door. There is also a window, which allows for a bright retail area. The window promotes special offers. The café is spacious and looks presentable. There is seating at the entrance for around 34 covers. The service area is to the rear of the room, this is a large glass serve over chiller with counter to the side. Behind the counter is a preparation area with coffee machine. There is also some microwaves and an extractor fan. Equipment included in the sale is as follows-Glass fronted and refrigerated serve over counter Breakfast bar area Till Full extraction system with stainless steel splash-back4 pot Bain MarieGrill2 griddles Deep fat fryer Lincat urn Industrial stainless steel oven Twin electric hob2 x microwave ovensStainless steel preparation tablesCoffee machineRange of white melamine base and wall units with marble effect worktopStainless steel sinkHand wash basinFree standing drawer unitPanini maker Through to the rear is a dry goods store, this is a generous size. There is a stainless steel sink and drainer fitter. Equipment includes fridge freezer and storage units. There is also a WC. The premise is secured with two manually operated security shutters to the front and a small secure yard to the rear.

Tenure
We are advised the business is being sold as a leasehold opportunity.Original lease length: 8 years as of 2016.Remaining lease length: 6 yearsRent: £8,500 per annum

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