Well Established Cafe For Sale
- Asking Price: £45,000 +SAV
We are advised the business generated a turnover of circa £84,000 as of 2020, with projections of £95,000 for 2021. Further financial information can be made available upon request.
Please quote reference B06438
- Tenure: Leasehold
Please quote reference B06438
Hilton Smythe is delighted to introduce to the market The Fig Tree, an extremely highly rated café business located in the heart of Rossendale. Our client established the business over 10 years ago, only now is the business being offered to the market as our client is looking to wind down and free up time for family.
The business is well known in the area, offering a menu of traditional breakfasts, light lunches, homemade soups, specialty coffees and gluten free options, to name a few. Along with the breakfast and lunches our client also hosts themed nights every other Saturday, at present Tapas is the themed menu.
Since establishment our client has offered high quality products resulting in an exceptional review status. TripAdvisor reviews state ‘Have visited this cafe on a number of occasions recently, and I love it. The place is always very clean and Covid safe. The staff are always very friendly and provide excellent service. All the food is freshly made and is so good. The homemade soups are exceptional - you really need to try these.’ And ‘Regularly have breakfast here on a Saturday morning. Love this place, love their food. The nicest staff. The premises are always nice and clean too. Highly recommended!’ Our client is offering a hand over period to ensure the continued success of the business.
When searching for cafes in Rawtenstall, the business does come up in the first 2. One things customers say time and time again is the the fig tree has an extremely good reputation for food, many lunchtimes people are waiting for tables and many book to ensure they get one.
The 26-cover cafe is uniquely styled with bespoke wall décor and lighting, creating a warm and friendly ambiance for diners. There is also space at the front of the restaurant for a further 4 covers in the warmer months.
The premises hold an alcohol licence which allows the business to serve from 8am – 11pm Sunday - Thursday and 8am – 12am Friday – Saturday, this gives the business huge potential to expand the themed nights and evening trade.
Trading hours are 9.00 - 16:30, 5 days per week with huge scope to open longer hours, including opening Sunday and Monday. There is also ample scope to increase the already thriving turnover, such as pushing advertising, leaflet drops, utilising the alcohol licence for evening trade, offering a local delivery service, etc.
This is a profitable and ready to walk in business opportunity not to be missed. Early viewing is highly recommended as our client is hoping for a quick sale and is also offering a hand over period.
The following is included in the sale:
- Tables and chairs
- External furniture for the front
- The coffee machine has an integral grinder
- The commercial microwave is a Panasonic one, purchase 18 months ago.
- Hand Wash basin
- Tall commercial fridge
- 2 under counter freezers
- Chest freezer
- Bottle fridge
- Combination oven
- 2 Air fryers and 2 Panini presses
The business is run and managed by our client with the help of 2 part-time staff member (1 to remain at the business).
The business trading hours are as followed:
Monday - Closed
Tuesday to Saturday - 09:00am - 16:30pm
Sunday - Closed
The business is located on Bank Street, Rossendale, surrounded by a wealth of complimentary shops and businesses benefitting from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
The area is also well served by the A-roads within easy driving distance of the business, which links to the motorway network.
Double fronted, centrally positioned cafe, providing an abundance of footfall. The interior has a bespoke décor and furnishing with a large, reclaimed wood counter, wall art and lighting.
Upon entrance is the open plan service area with tables and chairs for 26. The service counter is at the rear of the service area leading to the kitchen.
There is a WC at the rear of the café.
The premises are secured with a metal roller shutter.
We are advised the business is being sold on a Leasehold bases with a new Lease to be granted to a new buyer, the rent is currently £1,100 per month.