Status: Completed
Tenure: Leasehold
Leasehold Rent: £14,500 per annum
Turnover: £62,400
Double Fronted Café in City CentreDouble Fronted Café in City CentreDouble Fronted Café in City Centre
£24,950 + SAV

Double Fronted Café in City Centre

Completed
  • Reference: 13432 B
  • Location: Wakefield, West Yorkshire
Hilton Smythe welcomes to the market Mr and Mrs C's. The business was established by our client in 2015. The café has been a great success and in 2016 generated a turnover of £62,400. The owner is now looking to sell the business, due to the desire to relocate.

The business runs as a café in the city centre of Wakefield. There is an excellent menu available, this includes jacket potatoes, toasties, cakes, plus hot and cold beverages. Our client has recently acquired an alcohol licence and sells a great selection of alcoholic drinks.

There is potential to boost turnover is several ways. We feel that the purchaser could look to extend the seating area. On the lower floor, there is space to increase seating massively. Applying for a pavement licence would also allow for outdoor seating, perfect for the warmer summer months.

Mr and Mrs C's has only been open for a year, with further advertising and marketing the business could see an increase in custom. The business has a website, this is easy to use and looks presentable, this is complimentary to the Facebook page that our client has recently set up. Extending opening hours and by introducing bistro nights, could again further entice repeat loyal trade. Loyalty cards are also a great way to do this.

Our client has run this business to a very high standard and has invested a generous amount of money and time. This is a turn-key opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

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

Original lease length: 5 years
Remaining lease length: 4 years as of 2017.
Rent: £14,500 per annum

HOURS

The business opening hours: -

Monday - Saturday: 9am - 5pm
Sunday: Closed

STAFF

The business is run and managed by our client, with the help of two full time members of staff.

FINANCIAL PROFILE

The business generated a turnover in the region of £62,400 as of the 2016 accounts.

The rates for the business are currently £4,500 per annum, this is set to reduce in 2018, due to small business relief.
Mr and Mrs C's is located in Wakefield, West Yorkshire.

The business is situated in the city centre of Wakefield. This is a bustling location that receives a generous amount of footfall and passing trade daily. The city is filled with a variety of retail outlets, this includes some independent retailers and larger well-known brands. Close by there is a bar, opticians, pub, restaurants, clothing stores, shoe shops and much more.

Wakefield is a city that has five towns in its district, this includes Normanton, Pontefract, Featherstone, Castleford and Knottingley. The city boasts a population of circa 325,800 as of the 2011 census.

The city centre location allows the business to benefit from great public transport and excellent road connections. There are bus stops within walking distance of the property, the train station is also just a short 10-minute walk away. Around the city is the A61 this connects to the M1 motorway network at Car Gate. The city lies in between Leeds and Sheffield.
Mr and Mrs C's is served by 2 entrances, one from the pedestrian area and a second from the opposite end of the building on the road side. The property is well-signed at both entrances and looks presentable.

The open plan cafe has seating for 30 covers. The café has a shabby chic feel and looks modern and welcoming. The walls and floors are white, this allows for a bright and airy retail space. At the pedestrian entrance is the serving area with cold display counter, coffee machine and kitchen area. The counter is bespoke and blends in with the theme of the café. Our client has put a lot of time, money and effort into bringing this business up to such an exceptional standard.

Stairs lead down to the lower level where there is a store room, staff room and customer toilet. The vendor indicates that this area could be developed for additional seating if required.

Equipment included in the sale includes: -
Gaggia automatic 2 group coffee machine
2x Buffalo contact grills
Serve over deli fridge
Glass display drinks chiller
Three double pan Bain Marie
2x Ice drinks blender
Shmoo milkshake machine
Buffalo soup warmer
Tall larder fridge
Fridge freezer