Status: For Sale
Tenure: Leasehold
Leasehold Rent: £24,600 per annum
Turnover: £289,000
45 Cover Restaurant In Town Centre Location45 Cover Restaurant In Town Centre Location45 Cover Restaurant In Town Centre Location45 Cover Restaurant In Town Centre Location45 Cover Restaurant In Town Centre Location45 Cover Restaurant In Town Centre Location
£99,995 + SAV

45 Cover Restaurant In Town Centre Location

For Sale
  • Reference: 13426 I
  • Location: Christchurch, Dorset
Hilton Smythe welcomes to the market Cheese & Alfies. The business was originally established by our clients in 2010. The business has been run to an exceptional standard and looks presentable. The owners are now looking to sell the restaurant, due to the desire to take a well-deserved retirement.

The business runs as a 45-cover restaurant in a town centre location. This is a quirky restaurant that boasts an excellent menu. Dishes include burgers, pancakes, sandwiches, pasta dishes, salads, desserts and much more. This is a family friendly restaurant that also offers a children's menu.

This is an award-winning restaurant winning the 'Best Restaurant Award'. Our client has also earned a 5-star food hygiene rating, this is excellent for a restaurants reputation.

On the first floor, there is a generous sized seating area and bar. This is perfect for private functions. Our clients currently cater for birthdays, christening and other celebrations. This is a great arm of the business that compliments the restaurant well.

Another service our clients provide are cooking classes with the head chef. These are held on Monday evenings and generate a little extra income.

The business generated a turnover in the region of £289,000 as of the 2016 accounts. This is an exceptional turnover that we feel could be further increased. Cheese & Alfies already has a Facebook and business website. These are great ways of advertising; however, we feel that the purchaser could consider other ways of marketing. Leaflet drops and posters would be a great start. The owners currently promote 2-4-1 offers, this is popular with customer and allows for a generous amount of repeat loyal trade.

The business website is included in the sale. (www.cheeseandalfies.com) This site is easy to use and looks highly presentable. The website is used to promote the business and is kept updated.

Another way in which we feel income could be boosted would be to offer a delivery service to the local area. This would be a great option and could thrive during lunch time trade. This service could be advertised on sites such as JustEat.

This is a fantastic Leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the restaurant.

TENURE

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 9 years
Remaining lease length: 2 years as of 2017. The landlord would be happy to arrange a new lease with the new tenant.
Rent: £24,600 per annum

HOURS

The business opening hours: -

Monday: 8:30am - 5pm
Tuesday: 8:30am - 5pm
Wednesday: 8:30am - 10pm
Thursday: 8:30am - 10pm
Friday: 8:30am - 10pm
Saturday: 8:30am - 10pm
Sunday: 8:30am - 5pm

STAFF

The business is run and managed by our clients, with the help of 12 members of staff.

FINANCIAL PROFILE

The business generated a turnover in the region of £289,000 as of the 2016 accounts.
Cheese & Alfies is located in Christchurch, Dorset.

The business is situated on a main high street in the town centre of Christchurch. This is a popular location with a plethora of retail outlets. In the area are a variety of independent stores and some larger well-known brands, this includes Marks and Spencers, Waitrose and a Boots. As well as a bustling town centre the town also benefits from beautiful beaches.

Christchurch is a popular tourist location with so much to see and do. Places of interest include the New Forest Leisure Cycling, the local beautiful beaches, St Catherine's Hill Nature Reserve, Highcliffe Castle and Convent Walk to name just a few. The town is a great location that receives all year-round trade, with an increase in the warmer summer months.

From the premises, you can see the famous 11th century priory. Christchurch priory is a great well known church that is larger than 21 English Anglican Cathedrals. The priory is a hotspot for tourism as there is now a gift shop and daily tours.

The town is also home to a large natural harbour and four square miles of race water, making Christchurch a favourite destination for the boating and yachting fraternities. The harbour was formerly a trading point and safe mooring location, popular with visitors.

The business is situated in the town centre and benefits from great public transport. In the area, there are bus stops with regular daily routes into Bournemouth, Purewell, Lymington and Burton. Christchurch also has its own train station just across town approximately a 10-minute walk away
Cheese & Alfies is situated on a retail parade. The property is well-signed and looks inviting. There are large windows across the front which allow for a bright interior. There are 4 covers at the front, this is sheltered with a canopy.

On entry is a 15-cover seating area and service counter. The counter is used for service as well as displaying some stock, such as cakes. Behind here is a preparation area with shelving and base units. From here is the kitchen, this leads through to the rear of the property. The kitchen is well-equipped and comes with stainless steel fixtures and fittings, plus large extractor fan system.

There are stairs from the seating area on the ground floor that lead to the first-floor seating area. Again, there is a generous amount of seating on this floor, this is used as the main seating area as there are 30 covers. There is also a fully stocked bar to serve this floor and customer toilets facing. This space is perfect for private functions.

On the second floor is the staff area where there is an office, staff room and a store room. There is access to the attic which is used for further storage.

Equipment included in the sale includes: -

Kitchen:
Walk in Fridge
Stainless steel work tops
Huge extractor
Commercial grill
Oven with 6 hob gas burners
Stainless steel racks and shelving waist high
2x chip fryers
Hand wash sink
Stainless steel under counter fridge and work top

Wash up area:
Commercial washer
Sink with spray tap

Downstairs bar:
Glass washer
Commercial stainless steel work tops
Small sink
2x blenders
Freezer
Fridge
Coffee machine
Open display chiller for cakes
EPOS till system

Upstairs:
Fully stocked bar
Shelving for drinks
Fridge
Intelligent till
Air conditioning/heater

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