Sold

Beautiful, Modern & Popular Cafe

Leicester, Leicester

£24,995

Ref: B04301

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Description

Hilton Smythe welcomes to the market Never Too Latte. The business has been operated by the current vendors for just over 12 months and due to family commitments this rare and exciting opportunity has become available.The premises have recently gone through major refurbishment works with all the equipment throughout the site being purchased from new which presents the new operator a truly rare opportunity to obtain a nearly new fully equipped site with minimal ingoing costs and a business that is growing and on an upwards trajectory. The Café serves breakfasts all day along with paninis and toasties, an Indian and vegetarian selection as well as an offering of delicious cakes and pastries tea and coffee. There are currently approximately 40 covers with the site having the benefit of easily being reconfigured for private functions and events. There is the opportunity to obtain a licence to serve alcoholic beverages and for the new owner to put their own spin on things expanding the food offering further and taking advantage of the passing trade along with introducing a delivery service which would prove very popular with surrounding community. A turn key business opportunity with minimal ingoing costs. www.nevertoolatte.co.uk

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £22,000 + vat per annum.

Hours

The opening hours are currently:8.00am to 6.00pm Monday to Thursday 8.00am to 7.00pm Friday 9.00am to 7.00pm Saturday11.00am to 5.00pm on Sunday

Staff

The business is run and managed by the current vendor with the assistance of 1 x full time and 3 x part time staff.

Financial Profile

We are advised the business is currently turning over in the region of £7,000 per month on an upwards trajectory.The current rates payable are £9,000 per annum (these are currently under review with a view to being reduced).

Location

The business is situated on the popular Sandhills Avenue in Hamilton Leicester. The site is easily located from the Troon Industrial Area to left of Porsche Leicester and can be found amongst a row of thriving businesses including a Sainsbury’s Local and much sought after residential dwellings.

Premises

The business is a ground floor café located amongst a row of retail businesses on Sandhills Avenue in Hamilton, in Leicester. There is a WC with disabled access, kitchen, food preparation area, store room and access to the rear of the site with bin storage. The business is being offered to the market in its current format with all ovens, fridges, cooking equipment, tables and chairs included in the sale.

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