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Busy Coffee Shop/Cafe In Popular Location

Stroud, Gloucestershire

£33,000 +SAV

Ref: B04582

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Description

Hilton Smythe welcomes to the market this busy Coffee shop/Café situated in the heart of Stroud a very popular location, offering:

• Coffee
• Breakfasts
• Sandwiches
• Cakes
• Snacks
• Meals all sourced from the local area

The business also have an alcohol license so supply wines, beers and fizz. They offer 46 covers in total, with 32 covers inside over 2 floors, 4 covers outside to the front and a quirky external balcony garden accessed from the first floor with a further 10 covers.

The shop has very good reviews on Trip Advisor and also use social media including Facebook, which also has good reviews.

Since opening the business has grown and now has a healthy turnover and loyal customer base, however with longer opening hours into the evening and Sundays in the summer months, together with more advertising, supper clubs and private parties this business could easily be taken to the next level.

An internal inspection is very highly recommended to appreciate the lovely 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, having around 6 years left to run.

The rent payable is £15,000 per annum.

Hours

Monday - Friday: 8.30 am to 4.30 pm
Saturday: 9:00 am to 5:00 pm
Sunday: Closed

Staff

The business is currently run by the owner, 1 other full-time member of staff and 5 part time members of staff.

Financial Profile

The coffee shop turned over £123,582 for the year to 31st March 2018 with a gross profit of £72,895.

We are advised that the current stock level at instruction is around £1,000.

According to the VOA website the rateable value is £13,250, with rates payable of approximately £2,500 per annum.

Location

The Socialight is situated in the heart of Stroud, a very popular small town on the edge of the Cotswolds.

Stroud is a market town and civil parish in the centre of Gloucestershire, England. It is the main town in Stroud District.

Situated below the western escarpment of the Cotswold Hills at the meeting point of the Five Valleys, the town is noted for its steep streets, independent spirit and cafe culture.

The Cotswold Area of Outstanding Natural Beauty surrounds the town, and the Cotswold Way path passes by it to the west. It lies 10 miles south of the city of Gloucester, 14 miles south-southwest of Cheltenham, 13 miles west-northwest of Cirencester and 26 miles northeast of the city of Bristol. London is 91 miles east-southeast of Stroud and the Welsh border at Whitebrook, Monmouthshire, lies 19 miles to the west as the crow flies.

This busy coffee shop/cafe has been run by the current owner for four years now and is very established in the area. The owner is now looking to sell, due to relocation to another area.

Premises

These are easily managed but good-sized premises covering around 75 sqm on the ground and first floor, plus extra storage space on the second floor, in this attractive stone fronted building.

Ground Floor:

• Main café area
• Large open plan kitchen

First floor:

• Further café area
• His and hers WC’s
• an attractive balcony garden.

Also, from the first-floor access via loft ladder leads through to a useful second floor storage area.

We have a range of equipment offered within the sale to Include

• Cake display cabinet
• Music system
• Till and counter
• Tables and chairs for 46 covers
• Bottle fridge
• Freezer
• Microwave
• Cooker hood
• New commercial blender
• New Buffalo oven
• New 6 slice toaster
• 2 x New 2 plate induction hobs
• Salad chiller with fridge area beneath
• Hot plate warmer
• Chopping boards
• Shelving and racking
• Good quality crockery
• Plates
• Glass wear

The business have also added new gas central heating to the building.

This great little coffee shop/café in this fantastic location, offers much potential for the future and must be viewed.

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