Status: Completed
Tenure: Leasehold
Leasehold Rent: £2,475 per quarter
Turnover: £35,000
Characterful Long Established CafeCharacterful Long Established CafeCharacterful Long Established Cafe
£10,000 + SAV

Characterful Long Established Cafe

Completed
  • Reference: 2549
  • Location: Hexham, Northumberland
Hilton Smythe welcomes to the market the charming Abbey Bistro. This busy café was originally founded in the 1990's and has been under the loving care of our client since 2013, only now does the business come to the market as our client looks towards retirement.

The business reports a turnover of £35,000 with gross profit at 60%. The business is very well supported by the local community as well as benefiting from tourist trade. The café serves a varied menu accompanied by hot and cold beverages.

Abbey Café is enchanting, full of character with exposed stonework and feature dark wooden partial panelling. The café comfortably seats 19 with additional table and chairs outside to the front, attracting passing trade. The café is spotlessly clean and the kitchen is fully equipped.

We believe the business has huge potential for growth, perhaps by extending opening hours into the evening and introducing a bistro style menu, the premise holds already holds an alcohol licence, or tapping into the lucrative outside catering market or offering a delivery service in the vicinity. Certainly the business would benefit from a modest marketing campaign to further promote awareness.

This is a turnkey business in a fantastic trading location and we highly recommend early viewing.

TENURE

We are advised leasehold.
Original lease length is 6 years
Remaining lease is 4.5 years
Rent is £2475 per quarter.

HOURS

The café opens:-

Monday - Tuesday: Closed
Wednesday - Sunday: 9.00am - 3.00pm

STAFF

The business is owner run and managed.

FINANCIAL PROFILE

The business generated a modest turnover of £35,000 with gross profit at 60%.
The Abbey Bistro is located in the historic market town of Hexham in Northumberland.

The business occupies a prominent position on a busy roundabout, on a main route from Newcastle ferry to Scotland. The business benefits from facing a large supermarket offering free parking and ensuring constant footfall and heavy passing traffic.

Hexham is a charming market town characterised by its stone architecture, cobbled streets and historic buildings attracting hundreds of visitors year on year. The town is served by the A69 linking the town with Carlisle to the west and Newcastle to the east. The town boasts its own railway station and has regular bus services running throughout the day
Single fronted premise briefly comprising:-

Colourful vibrant signage with table and chairs for 4 covers to the frontage, highly visible to passing trade.

Main seating area with 19 covers, cushioned bench seating to perimeter with additional free standing wooden tables, exposed stonework, traditional dark wooden panelling, tiled flooring and menu boards to walls. The toilet facilities are located in a raised area to the right.

Serving area with cold display unit and till

Fully equipped kitchen.

Equipment includes:-
3 fryers, waste disposal unit, 2 Bain Marie (4 pot and 2 pot), cold display, milkshake maker, Panini maker, 3 freezers, bottle cooler, chest freezer and coffee machine.