For Sale

Huge Potential For A New Ambitious Owner.

Harpenden, Hertfordshire

£89,950 +SAV

Ref: B04339

Contact sales negotiator

Kai Pollitt-Parry

01204556303

Email Kai Pollitt-Parry

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Description

Hilton Smythe are pleased to offer Cafe Gusto to the market.

This Italian inspired cafe serves simple and delicious food from sandwiches and panini to homemade wood fired pizzas and pasta dishes. The cafe also serves a wide range of coffees, teas along with other beverages and cakes and snacks throughout the day.

The business has an excellent local reputation and focuses on fresh and good quality ingredients.

There is a small outside area seating 13 as well as indoor seating for around 30.

The business has been running for 11 years and is now offered for sale due to our client’s other commitments.

Although the business is run excellently by the current owners, there is huge potential to further improve through extended opening hours and evening ‘bistro’ trading. An alcohol licence is in place and could be better utilised. An improved social media presence, website and Facebook would be good for business.

Tenure

Leasehold

The business is Leasehold, and we are advised there is a 10-year lease in place with 8 years remaining.

We are advised that the rent is £18,000 per annum and business rates are exempt.

Hours

Monday, Tuesday, Thursday, Friday, Saturday - 8.00am to 4pm
Wednesday - 8am - 3pm
Sunday - 9am - 3pm

Staff

The business is run by the business owner and his wife.

There is one part time member of staff currently.

Financial Profile

Turnover is around £81,000 with a net profit of circa £25,000 as of the 2017 accounts.

Location

Cafe Gusto is located in the desirable and pretty Harpenden town in the St Albans City district in the county of Hertfordshire, England. It is tucked away just off the high street in a prime location.

The town's population is just under 30,000. Harpenden is a commuter town, with a direct rail connection through Central London. Geographically it is located between two much larger neighbours: Luton town (to the north) and the city of St Albans (to the south). It is close to the villages of Redbourn (to the west) and Wheathampstead (to the east).

Metered parking is nearby just up the road, and there are several car parks within a couple of minutes’ walk.

Premises

The business is double fronted and opens into the main cafe area with the service counter beyond. It is fitted with bespoke industrial lighting and mirrors, solid wood service counter top, fixed shelving and plants give a softer yet contemporary feel.

Behind is the service counter there is a small washing area to the side of this.

Further beyond is the kitchen which is fully tiled and fitted out with industrial style prep area and sink units.

The ladies and gent’s WC are at the rear of the building.

There is a fire exit to the rear of the building with a covered further storage area.

To be sold with the business.
• Tables and chairs indoor and outdoor for 43
• Glass drinks chiller
• Glass fronted display chiller
• Double panini grill
• Two arm coffee machines
• Coffee grinder
• Till and card machine
• Two under counter fridges
• One under counter freezer
• Glasswasher
• 4 ring gas cooker
• Pizza dough mixer
• Pizza oven

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