Hilton Smythe is delighted to welcome to the market this popular café and coffee shop business, which is ideally located within the town of Gosport in Hampshire.
The business was established by our client in 2013 and is only now being offered to the market, due to our client's other interests. The Café currently operates 6 days per week and generates a turnover in the region of £89,000 per annum, with a gross profit of approximately 60%, as per the 2016 accounts.
Our client offers a wide variety of fayre, including full English breakfasts, vegetarian breakfasts, hot & cold sandwiches, omelettes, jacket potatoes, homemade cakes, smoothies, milkshakes and a children's menu, as well as a selection of hot and cold beverages. Our client also makes celebration cakes to order, for special occasions. The property boasts 59 sq. metres of floor space, are very well maintained and extremely well fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the food 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, perhaps by opening later and taking advantage of the early evening trade. A new owner could also embark on a modest marketing campaign to highlight the excellent fayre and services offered. Our client utilises social media, with a page on the popular website Facebook, which has nearly 1,100 likes, although we feel the business would benefit from a dedicated website to promote the business.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already popular café business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 6 years
Remaining lease length: 2 years
Rent: £7,680 per annum
HOURSThe business is open:
Monday - Friday: 10.00am - 3.30pm
Saturday: 9.00am - 4.00pm
STAFFThe business is owner run and managed with 4 x part time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £89,000 per annum, with a gross profit of approximately 60%, as per the 2016 accounts.
Lulu's occupies substantial ground floor premises, ideally located within the town of Gosport in Hampshire. The business is located on the very busy Stoke Road and is surrounded by a wealth of complimentary shops and businesses, including being opposite a busy supermarket, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from excellent car parking facilities within the area.
Gosport is a town and borough on the south coast of Hampshire. According to the 2011 census, the town had a residential population of 82,622. Gosport is situated on the western side of Portsmouth Harbour, opposite the City of Portsmouth, to which it is linked by the Gosport Ferry. Gosport boasts panoramic beaches, an impressive naval heritage, water sports, scenic walks and historic trails.
The area of the business is very well served by the public transport system, with a bus stop directly outside the property. The nearest railway station is Portsmouth Harbour, which is approximately 1½ miles away. The area is also well served by the A-roads, with the A32 being a short drive away, which links to the national A-road and motorway networks. Lee-on-the-Solent is approximately 3½ miles away and Fareham is 6 miles away.
Substantial ground floor premises, which is in an ideal trading location, briefly comprising:
Vintage themed café with over 33 covers.
Tables and chairs.
Vintage display units.
A unique range of mirrors.
Serve over counter.
Rear kitchen and dishwasher station.
Staff storage and WC.
Tables and chairs.
L-shaped serve over counter.
Glass fronted display cabinet.
Over 10 glass cake display stands.
Electronic cash register.
Self-filling hot water boiler.
2 x arm semi-automatic coffee machine with built-in grinder.
Glass fronted drinks refrigerator.
3 x under counter refrigerators.
4 x under counter freezers.
Hand wash basin.
2 x four slot toasters.
Lincat large commercial fan oven.
5 x ring halogen hob.
Hot water boiler.
Stainless steel sink unit.
Glass wash machine.
Large secure garage, used for storage.