Great price reduced to obtain a quick sale
Hilton Smythe welcomes to the market Cafe Quench. The business was established as a café in this location in 1980. Our client then took over the business in 2012 and changed the name to Cafe Quench. The owner is now looking to sell the business, due to the desire to focus on other business interests.
The business has an exceptional reputation for its high quality of food available and friendly service. The café sees a generous amount of repeat loyal trade from the locals; however, much of its trade is derived from tourism.
The business runs as an American style fully licenced café bar and restaurant. The café has an exceptional American themed menu with a Mediterranean quarter; boasting a variety of delicious dishes. Fayre includes hot dogs, salads, ribs, burgers, grilled fish, milkshakes, desserts, as well as sandwiches and a full children's menu.
This is an award-winning business boasting a 5-star food hygiene rating. In 2014, the business won the Scoot Headline Award and in 2015 won the local Best Place to Eat in Hove and Portslade award. The café has also won a gold award in the South Regional small business catering category.
The business boasts a large property set across two floors with additional seating outside with a combined total of 80 covers, with the potential for further seating if required. The first floor is used as additional seating, and also doubles up as a private function room. This is a perfect place to host ladies lunches, hen parties, baby showers, business meetings and birthdays. Our client can refer DJ's for hire. The room is modern and tastefully decorated with its own separate WC facilities and comfy lounge section. The property has an A3 licence, this compliments the business well and allows the owner to focus on private functions.
Cafe Quench generated a turnover in the region of £120,000 as of the 2016 accounts, with a gross profit of 67%. This is a healthy turnover with huge scope to massively increase this figure. Our client has other business ventures and currently opens the café till 3:30pm every day. Extending opening hours will have a big impact on income. Opening later into the evenings and offering Bistro nights could be something the purchaser considers.
Cafe Quench already has a great online presence with its own website, Twitter and Facebook page. The website is easy to use and features a full menu and promotes its award-winning status, www.cafequench.wixsite.com. The business Facebook page is kept regularly updated and has over 130 followers. Cafe Quench also features on TripAdvisor and boasts excellent reviews. The café has received the TripAdvisor "Certificate of Excellence" for 2015 and 2016.
This is a fantastic opportunity for a hands-on purchaser. The café would be an ideal purchase for a husband and wife team or partnership. The property comes fully equipped and ready to run. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 9 years.
Remaining lease length: 3.5 years as of 2017. We are advised the landlord is willing to add a further 9 years to the existing lease, providing a 12+ lease arrangement. The purchaser would be responsible for paying the legal fees for this additional lease.
Rent: £20,000 per annum
HOURSThe business opening hours: -
Monday - Sunday: 10am - 3:30pm
Opening hours have reduced as our client has other business commitments. Potential to increase hours to suit the purchaser.
STAFFThe business is run and managed by our client, with the help of two members of staff.
FINANCIAL PROFILEThe business generated a turnover in the region of £120,000 as of the 2016 accounts, with a gross profit of 67%.
Cafe Quench is located in Hove, East Sussex.
The business is situated in the centre of George Street a popular location that receives daily heavy footfall and passing trade. This town centre is fully pedestrianised and boasts a variety of independent retailers, as well as some well-known branded outlets. This location is just a 5-minute walk to the sea front and Brighton is a 10-minute drive away from the centre of Hove.
Hove is a popular seaside town on the south coast of England. Hove has a bustling town centre and boasts a residential population of around 92,000. This small town was merged with Brighton in 1997, seeing a high increase in visitors from tourists each year.
Cafe Quench is located in the town centre, benefiting from great road connections and excellent public transport. There are bus stops a short walk away and the closest train station is just a short 10-minute walk away.
Cafe Quench boasts a bright well signed property. The front of the property has a private branded terrace area with 20 covers. The bi-folding door across the front opens to allow for an open aired dining experience; perfect in the warmer summer months.
On entry is the bright, modern seating area, this is open plan with a bar to the back of the room. The main seating area has covers for 28, with further seating on the first floor. The bar is an S shaped solid wood and metal curved bar, with built in lighting and overhead canopy with lights. The property is disability friendly with a disabled toilet located on the ground floor.
The kitchen comes fully equipped, well-suited to the trade. There is a large skylight to allow for a bright space.
A wood and glass stair case lead up to the first floor. There is additional seating with the options to be used as a private party space or meeting room to hire. There is 16 covers on the first floor. This area also has a ladies and gents toilet, boiler cupboard, freezer cupboard, utility room with washing machine and storage freezers. This floor has two attractive double French doors that lead onto Juliet balconies; facing George street.
There is loft access with a further dry store area.
The sale includes the following equipment: -
3 x points of draught dispenses
Glass topped ice cream freezer
Under counter fridge
3 x arm Rancilio semi auto coffee machine
2 x blenders
Under counter shelving plus three-tiered wall mounted shelving
Hand wash sink
2 x glass fronted drinks chillers
11 x tables
28 x chairs
2 x high chairs
First Floor Equipment:
2 x leather sofas
10 x tables
16 x chairs
Six ring gas oven
2 x single fryers
Large stainless steel extraction unit
Stainless steel preparation sink
Large upright freezer
Hand wash sink
Triple width stainless steel preparation fridge unit with over canopy stainless steel chilled salad preparation unit
2 x microwaves
2 x stainless steel preparation tables
2 x stainless steel preparation sinks
4 x wall mounted stainless steel shelves
Hot water boiler