Hilton Smythe welcomes to the market Sparrow's Nest. The business was originally established in 2013 by our client who is now looking to sell the business due to health reasons.
The business runs as a coffee shop offering a fantastic range of food and drinks. The coffee shop side of the business is well known for its homemade cakes, excellent coffee, and a variety of cold drinks, sandwiches, toasted sandwiches, cupcakes and delicious milkshakes. The business has a popular gift shop which is stocked with suppliers such as Gisela graham, Keel toys, Joe Davies, Village Candle and Straits.
The business sells a fantastic range of products, such as toys, gifts for the home, cards, gift wrap, stationery, bath bombs and paraben and sls free soaps. There is a plethora of products, something for everyone making this a popular destination for tourists.
The store currently generates an advised turnover of around £80,000 per annum with a gross profit of around 62%. This is a great turnover that could be increased. There are several options for the new owner such as, setting up craft classes, expanding the coffee shop side by continuing on to the second floor.
We are advised that there are also celebration cakes to order, these are available via the business website. www.sparrowsnest.co.uk The site is fantastic and has a generous amount of information about the business. The site is great for advertising, our clients also advertise in the post office, a monthly advert in the streetwise magazine and boast a social networking presence.
We are advised that this coffee shop has a great reputation being voted No 7 of places to visit in East Grinstead. The store also has a 5 star food hygiene rating.
This is an exceptional business that has been run to a very high standard by our client. Hilton Smythe highly advise early viewing to avoid disappointment.
TENUREWe are advised the business is being sold as a leasehold opportunity.
Original lease length: 5 years
Remaining lease length: 2 years as of 2016.
Rent: £13,000 per annum
HOURSThe business is opening hours-
Monday - Saturday: 9:30am - 5pm
STAFFThe business is run and managed by our clients with the help of 4 members of staff.
FINANCIAL PROFILEThe business generates a turnover in the region of £80,000 per annum.
Gross profit 62%
Sparrow's Nest is located in East Grinstead, West Sussex.
The business is situated on a main high street in the town. There is a plethora of retail outlets bringing to the area high amounts of footfall. East Grinstead is a historic market town, with the focal point being the main high street. The town has fantastic architecture giving it a traditional feel. There are a range of places to visit in the town such as the museum, Bluebell railway, Wakehurst and the Weir Wood Reservoir Nature Reserve.
The main high street connects to the A22 which runs from the M23 at Gatwick down to Polegate near Eastbourne. The area also has great public transport links. There are several bus stops close by that have regular daily routes. The train station is also just a short 10 minute walk away.
The front of the property is well presented with its themed signage and colour scheme. This is an outside seating area and large windows used for eye catching window displays.
On entrance is the coffee shop area this has 6 tables and 20 chairs. The premise has continued the colour scheme inside and this looks highly welcoming. To the back of the room is a glass fronted chiller with a wooden counter to the side. This has a black top with counter top displays. To the left is a retail area that leads through to the rear of the property. There are several display cabinets and another service counter.
On the ground floor this is also a customer toilet, kitchen and access to the carpark at the rear, with two parking spaces.
The lower ground floor is used as the gift shop area.
Room 1 - children's gifts, toys and teddies, area with bespoke shelving and a sofa.
Room 2 - house gifts, cards, bags with bespoke tables, full length shelving units and feature fireplace.
Storeroom - fully shelved with fire exit to rear
Equipment included in the sale is as follows-
2 arm coffee machine and grinder
Glass fronted drinks and cake fridge
Industrial fan oven
3 x Microwaves