Sold

Fully Refurbished Café With New Equipment Leicester

Leicester, Leicestershire

£52,500 +SAV

Ref: 13684 G

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Description

Hilton Smythe welcomes to the market Back 2 R Roots. The café was established by our clients in 2016. The owners are now looking to sell the business, due to the desire to focus on other business interests. The café has proven to be very popular in this location, receiving a generous amount of repeat loyal trade from the locals. The business runs as a café opening for breakfasts and lunches. The café offers a great variety of fayre, this includes hot and cold snacks, drinks and afternoon teas. As well as regular café dining our client also offer an outside catering service for corporate buffets, meetings, training sessions, opening events, parties and more. Cooking classes are also available for children, a popular service with the locals. Back 2 R Roots generated an advised turnover of £70,000 as of the 2016 accounts. This is a healthy turnover, with scope to further increase this figure. The purchaser should look to extend opening hours into the evenings, applying for an alcohol licence could compliment this well. A delivery service via JustEat and Hungryhouse could also allow for more trade each week. The business already has a Facebook page, this is regularly updated with news, events and menu changes. The page has over 300 followers a great way of advertising the business. We feel a website would further benefit this. This is a fantastic opportunity that would be ideal for husband and wife team or partnership. All fixtures, fittings and kitchen equipment are virtually brand new making this an ideal turnkey business ready to start trading immediately. The current owners are also happy to offer a handover period to ensure the continued success of the café. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity. Original lease length: 7 years.Remaining lease length: 6 years as of 2017. Rent: £8,400 per annum.

Hours

The business opening hours: - Monday: ClosedTuesday - Friday: 8am – 2:30pmSaturday: 8am – 2pmSunday: Closed

Staff

The business is run and managed by our clients, with the help of two part time members of staff.

Financial Profile

Back 2 R Roots generated an advised turnover of £70,000 as of the 2016 accounts.

Location

Back 2 R Roots is located in Anstey, Leicester. The café is situated in the middle of a busy shopping parade alongside complimentary businesses. The business benefits from good footfall and boasts free parking immediately outside. The retail parade is set within a popular residential area with privately owned properties, this is considered to be a popular and upmarket area. Anstey is a large village with a population of circa 6,528 as of the 2011 census. This is a nice village with all amenities;this includes two village greens, high school, country park, church, pubs, Post Office and much more. Anstey is approximately 4.3 miles away from the centre of Leicester. Anstey village is a short drive away from the A46 an arterial road that links to the M1 motorway network, again this is just a 7-minute drive away. The village has great bus routes with regular links to Loughborough, Coalville, Goodwood and Leicester.

Premises

Back 2 R Roots boasts a large well-presented property. The premise is well-signed and boasts an outside seating area. The large windows across the front allow for a light and airy interior. On entry is the main café area, here there is a comfy sofa seating. The rest of the seating are chairs and tables with 22 covers, plus room to increase. The café is beautifully presented and has been maintained and fitted out at some considerable cost to the current owners. In the right-hand corner of the cafe is the service counter this is L-shaped with the open plan kitchen beyond. The kitchen comes equipped with stainless steel fixtures and fittings. Equipment included in the sale: -Open chillerBespoke L-shaped counterSlush machine (leased)Stainless steel preparation tables with cupboards beneathParry grillBlue Seal range type cooker with 6 burners and gas oven beneathStainless steel splash back with full extraction systemBuffalo panini pressCarimall coffee machine and grinder (leased at £88.90 per month on a transferable lease)Stainless steel sink and drainer with useful storage beneathPerimeter shelvingStainless steel preparation tableStainless steel hand wash basinPolar 3 compartment industrial fridgeMagnetic wall mounted utensil storageFreestanding stainless steel trolley door to rear bin store There are toilets just off the café seating area. Access to rear yard with bin shelter.

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