Hilton Smythe is delighted to welcome to the market this popular bistro business, which is in a prime trading location in Newmarket, Suffolk. The business was established by our clients in 2013 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business operates 6 days per week and generates a healthy turnover.
The turnover is derived from the sale of freshly prepared, high quality fayre, such as breakfast rolls, jacket potatoes, quiche and salad, homemade soup, toasted sandwiches, Paninis, sandwiches and cakes, as well as a varied selection of hot and cold beverages. All the ingredients are locally sourced wherever possible and freshly prepared on the premises.
The business has built up an enviable reputation within the area for the high quality and freshness of the food, as well as the friendly services offered, which has resulted in a very loyal client base with a very high volume of repeat trade and word of mouth recommendations. We feel the turnover could be increased by extending the opening hours, as well as introducing extra goods such as pizza.
This is an excellent opportunity for a new owner to take this very popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 8 years
Remaining lease length: 6 years
Review every: 5 years
Rent: £11,000 per annum
HOURSThe business is open:
Monday - Saturday: 7.30am - 3.30pm
STAFFThe business is owner run and managed with 1 x part time staff member.
FINANCIAL PROFILEThe business generates a healthy turnover.
Charlotte's Bistro occupies substantial ground floor premises, ideally located within the town centre of Newmarket, Suffolk. The property is positioned within a parade of complimentary shops and businesses; therefore benefitting from a high volume of footfall and passing trade. The business further benefits from car parking facilities within the area.
Newmarket is a thriving market town in Suffolk, approximately 65 miles north of London and is generally considered the birthplace and global centre of thoroughbred horse racing. Due to its proximity to London the town is a very desirable place in which to live and work. The town boasts impressive features like the grand Clock Tower, which is directly outside the bistro, the King Edward VII Memorial Gardens and Cleveland House.
The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Newmarket railway station is just half a mile away. The area is also well-served by the A-roads, with the business being located on the A1304, which links to the extensive A-road and motorway networks. Bury St Edmunds is approximately 15 miles away and Cambridge is 13½ miles away.
Ground floor mid-parade premises in a prime trading location, briefly comprising:
24 x cover café area.
Service counter with electronic cash register.
Refrigerated display cabinet.
Under counter refrigerator.
Hot water urn.
Coffee machine and grinder (rented).
Storage cupboards and drawers.
Rear kitchen with:
Three door refrigerator.
Electric six burner cooker.
Double Panini grill.
Counter top deep fat fryer.
Commercial sink unit.
Hand wash basin.
Stainless steel preparation table.
Six slice toaster.
Small rear yard with cleaning storage and staff WC.
Seating for approximately 8 x covers to front.