Hilton Smythe is delighted to welcome to the market this popular and busy takeaway coffee shop and café business, which is ideally located within Bath, Somerset.
The business was originally established approximately 25 years ago and has been in our client's careful ownership since 2016. Only now is the business being offered to the market, due to our client's desire to re-locate. The business currently operates 5 days per week and generates a turnover in the region of £80,000 per annum, with a gross profit of approximately 72%, as per the 2016 accounts.
Our client offers a wide variety of fayre including full English breakfasts, salads, baguettes, wraps, porridge and hot & cold sandwiches, to name a few, as well as a selection of hot and cold beverages. All the food is freshly prepared with only the finest high quality ingredients, which are locally sourced, where possible.
Our client also offers a bespoke outside catering service to local businesses including solicitors and corporate clientele. The property boasts 45 sq. metres of floor space, are very well maintained and decorated to a high standard.
The business has built up an enviable reputation within the area for the very 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 embark on a modest marketing campaign to promote the excellent food and services offered. Our client already utilises social media, with a page on the popular website Facebook, which currently has 148 likes.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original leas length: 6 years
Remaining lease length: 2 years
Rent: £7,500 per annum
HOURSThe business is open:
Monday - Friday: 8.00am - 3.00pm
Saturday - Sunday: Closed
STAFFThe business is owner run and managed with 1 x part time staff member
FINANCIAL PROFILEThe business generates a turnover in the region of £80,000 per annum, with a gross profit of approximately 72%, as per the 2016 accounts.
Black Coffee Catering occupies substantial ground floor premises, ideally located within the historic city of Bath in Somerset. The business is situated on Princes Street within the city centre and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
Bath is situated within the rolling countryside of southwest England and is known for its natural hot springs and 18th century Georgian architecture. The city boasts over 400 retail shops, half of which are run by independent specialist retailers. One of Bath's principle industries is tourism, with annually more than one million staying visitors and 3.8 million day visitors.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Bath Spa, which is approximately a 10-minute walk away. The area also has excellent road connections, with both the A36 and A3039 being within easy driving distance, which links to the national A-road and motorway networks. Bristol is approximately 12 miles away and Chippenham is 14 miles away.
Substantial ground floor premises in a prime trading location, briefly comprising:
Main service area with:
Beautiful presentation, very crisp, clean and contemporary.
Chiller display cabinet.
Serve over counter with electronic cash register.
Black board signage.
Front window bar.
Gas range and extraction unit.
Various preparation areas.
Various refrigerators and freezers.
Stainless steel preparation tables.
Domestic kitchen cabinet.