Sold

Very Popular Chocolate Cafe

Bury, Lancashire

£90,000 +SAV

Ref: B05034

Share this property
Share

Description

Hilton Smythe is delighted to welcome to the market The Chocolate Café, a well-established and popular chocolate shop and café business located on Bolton Street, Ramsbottom, Lancashire.
The business was established over 10 years ago, with our client taking over in 2017. The business currently operates 6 days per week and generates a turnover in the region of £285,000 per annum, with a gross profit in the region of 66%.
Our client offers a variety of fayre including their famous chocolate, hot and cold sandwiches with a variety of fillings, salads, hot meals, snacks and a wide selection of coffees, cold drinks, wines and bottled beers.
The café is also well known for the afternoon tea served on a 3-tier platter and their home-made desserts. The majority of chocolate is handmade on site in a small workshop using industry leading 'Selmi' chocolate machine (included in assets). There is the scope and scale to increase production if needed, wholesale production for example. There are very high margins on the chocolate made in the shop.
The premises boast a well-equipped kitchen and preparation area and cafe seating for 44.
The business has built up an enviable reputation within the area, generating a huge amount of repeat trade and word of mouth recommendations.
Customer reviews state: ‘Lovely cafe. Friendly and accommodating staff. Nice food, plenty more beyond just chocolate. :-) The children enjoyed themselves too.’ and ‘Great cafe food for all tastes. A good selection of chocolate drinks and food. Good for all the family as child friendly'
We feel there is scope to increase the turnover by extending the opening hours. The cafe benefits from a premises licence offering potential to open in the evenings and enjoy the growing night life trade in Ramsbottom!
Hiring the cafe out for special occassions would help to generate a greater turnover, already offering chocolate making parties for children. The same could be offered for adults utilising the premises licence.
A new owner could also introduce a delivery service to local businesses and embark on a modest marketing campaign to promote the goods offered.
The business does already have an excellent website and online shop, though this hasn’t been pushed to the full potential, the online shop was launched in March 2018 and is generating around 4% of the annual turnover, the online presence has shown growth month on month since launching. Please visit www.chocolate-cafe.co.uk
A new owner could also consider the unexplored potential to sell high volumes of chocolate at markets, for example, local food festivals and christmas markets.
This is an excellent opportunity for a new owner to take this already thriving business, with massive growth potential to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Reasons to buy Excellent location High turnover and profit margins Huge scope to increase, should the buyer desire Turnkey business with hand over period offered 5-star Hygiene rating Well established with excellent reviews

Tenure

Leasehold

Leasehold, with 4 years remaining on current lease. annual rent of £25,000

Hours

Current opening hours: Monday closed Tuesday 10.00 – 17.00 Wednesday 10.00 – 17.00 Thursday 10.00 – 17.00 Friday 10.00 – 17.00 Saturday 10.00 – 17.00 Sunday 10.00 – 17.00

Staff

The business is owner managed and currently has 4 full time, 12 part time staff members.

Financial Profile

The business reports a turnover for the last year of approximately £285,00 with a gross of approximately £196,000

Location

The business is located on Bolton Street in Ramsbottom town center.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
There are several railway stations nearby, the closest being East Lancashire, Ramsbottom Railway station which is just a 5-minute walk away. Also, there's a main bus link to and from surrounding towns such as Bolton and Bury.
The area is also well served by the A-roads, with the A676 and the A56 being within easy driving distance of the business, which links to the M66 motorway network. Ramsbottom has a lot of famous annual events such as Christmas markets, chocolate festival weekend, black pudding throwing, etc, attracting crowds from further afield.

Premises

Situated on a main road, with ample free street parking. The Chocolate Cafe is a 2 Story premises, with a basement used for storage of non-perishables.
Ground floor shop: large open plan shop with separate storage and office area, access to the basement.
Double serve over chiller, Ample display stands with drawers, Till and card reader. Selmi Chocolate machine.
1st floor: café with bespoke décor and lighting creating a warm and inviting atmosphere.
Tables and chairs (44 covers) Exobar Coffee machine, less than a year old and costing £3000 new, Drinks fridges – Wine chiller, Blenders,
Kitchen: Non slip flooring, with easy clean worktops and walls.
Commercial Oven, Fridge, 2 x Microwaves, Grill Extraction system, 2 x toasters, Stainless steel shelving and worktops, Dishwasher, Small staff room/storage area, Large seating area currently containing a sofa, but coffee tables and chairs could be added to create a meeting area/coffee lounge.
Office with ample shelving and storage units.
The premises hold a 5 star hygiene rating, an alcohol licence and is up to date with fire and safety regulations.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]