Hilton Smythe are delighted to welcome to the market this well established and popular sandwich bar and café business, which is ideally located within Arnold, Nottinghamshire.
The business was originally established in 1990 and has been in our client's careful ownership since 2007. Only now is the business being offered to the market due to our client's desire for semi-retirement. The business currently operates 6 days per week and generates a turnover in the region of £130,000 per annum, with a gross profit of approximately 61%.
Our client offers a wide variety of fayre including full English breakfasts, hot and cold sandwiches, toasties, jacket potatoes, Paninis and burgers, to name a few, as well as a selection of hot and cold beverages and outside catering services. The business has been awarded a 5* food hygiene rating.
Our client also offer some convenience items including tobacco products, confectionery and milk, as well as being a Lottery agent.
The property offers 50 sq. metres of floor space to the ground floor, is very well maintained and fitted out to suit the trade. To the first and second floors is a 3-bedroom flat with lounge, kitchen/diner and family bathroom, which is available if required.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent food offered, or by offering a delivery service within the area.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 2 years - a new lease is available.
Rent: £14,600 per annum.
HOURSThe business is open:
Monday - Friday: 7.00am - 4.00pm
Saturday: 8.00am - 1.00pm
STAFFThe business is owner run and managed.
FINANCIAL PROFILEThe business generates a turnover in the region of £130,000 per annum, with a gross profit of approximately 61%.
K's Pantry occupies substantial premises, ideally located within the town of Arnold in Nottinghamshire. The property is situated on the very busy Rolleston Drive, within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.
Arnold is a market town and suburb of the city of Nottingham. According to the 2011 census, the town had a residential population of 37,768. Arnold town centre has a diverse range of restaurants and bars, as well as a variety of shops including supermarkets and small independent businesses. The town is a popular place in which to live and work, due to its proximity to the city of Nottingham.
The area is well served by the public transport system, with a bus stop directly outside the property. The nearest railway station is Carlton, which is just over 3½ miles away. The area is also well served by the A-roads, with the A60 being within easy driving distance, which links to the national A-road and motorway networks. Nottingham city centre is approximately 5 miles away and Mansfield is 12 miles away.
Substantial premises, ideally located within the town of Arnold, Nottinghamshire, briefly comprising:
Ground floor with:
Serve over counter with electronic cash register, credit/debit card terminal and phone top-up services.
2 x open chiller units.
Ice cream freezer.
Confectionery and biscuit display.
Pukka pie warmer.
Serve over chiller unit.
Hot water urn.
Air conditioning unit.
Central stainless steel preparation table.
2 x bowl sink unit.
4 x ring cooker.
2 x Panini presses.
6 x pot Bain-Marie.
Hand wash basin.
3 x stainless steel preparation tables.
Spare coffee machine.
Rear room with:
Refrigerator with shelving.
2 x single bedrooms.
Family bathroom with shower over bath.
2 x tables and chairs to frontage.
Small rear yard area with single garage for storage, small shed and parking for one vehicle.