Sold

Very Busy Coffee Shop/Café

Bristol, Bristol

£65,000 +SAV

Ref: 14835 A

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Description

Hilton Smythe welcomes to the market this busy Coffee shop/café run by the current owners for the last 4 years, who have built up the business from scratch, with the potential to increase this much further as time goes by. The shop is situated in a perfect location close to the very busy student area of Bristol with a very high footfall and passing trade. They sell a range of freshly made sandwiches and panini’s, light lunches and breakfasts, together with hot and cold drinks. The business is very busy and a has a healthy turnover of £145,287, however there is certainly plenty of scope to take this to the next level with longer opening hours, including weekends, deliveries and more online advertising and promotion. An internal inspection is very highly recommended to appreciate the busy location and massive potential on offer.

Tenure

Leasehold

We are advised that the business is being sold as a leasehold opportunity, with a 10-year lease. The rent payable is £17,285 per annum.

Hours

Monday 8:00 a.m. to 4.00 p.m.Tuesday 8:00 a.m. to 4.00 p.m.Wednesday 8:00 a.m. to 4.00 p.m.Thursday 8:00 a.m. to 4.00 p.m.Friday 8.00 a.m. to 4.00 p.m.Saturday ClosedSunday Closed

Staff

The business is currently run by the owner and 3 other part time members of staff.

Financial Profile

The coffee shop turned over £145,287 for the year to 30th June 2016 with a gross profit of £87,940 and a healthy net profit of £16,244.Rates payable are around £6,200 per annum.

Location

The bakehouse is situated in the heart of the very popular and sought-after City of Bristol, In a busy commercial area, adjacent to the very busy student area. Bristol is a city and county in South West England with a population of 454,200 in 2016. The district has the 10th-largest population in England. According to data from 2015, the city itself is the 8th-largest by population in the UK. The city borders North Somerset and South Gloucestershire, with the cities of Bath and Gloucester to the south-east and north-east, respectively. The area is served by several A roads and the M32 connects the city to the national motorway network, via the M4 and M5 motorways, offering easy access to all areas. This busy coffee shop has been run by the current owner for around 4 years, who is now looking to pursue other business interests.

Premises

These are easily managed premises covering around 50 sqm, with the main café area having tables and chairs and bar seating, serving counter and till, kitchen, preparation room, office cupboard and WC. We have a range of equipment within the sale to Include:Upright fridgeDouble buffalo hot plateZanussi chest fridge/freezer2 Buffalo grillsLarge commercial ovenChest fridgeSMEG upright fridgeDisplay coolerBuffalo sandwich/panini toasterMicrowave and much more. This great little coffee shop/café offers much potential for the future and must be viewed.

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