For Sale

Established Cafe in Popular Location

Southampton, Hampshire

£54,950 +SAV

Ref: B04923

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market Thistle Do Nicely. Established by our clients over 2 years ago and now offered for sale due to other business interests. The business previously operated as Bon Appetit from 2012.

Since purchasing the cafe, our clients have invested approximately £30,000. Undertaking a complete refurbishment programme including the replacement of all catering equipment, new menus, security systems and furniture.

The 5-star hygiene rated cafe would allow any new buyer the opportunity to walk straight in and continue trading. Taking full advantage of a menu not available in any other similar sized operations within the surrounding area.

Our clients experience for creating a good menu is evident, there is lots of choice, however, the use of similar ingredients allows a very high Gross profit of around 75%.

Currently, customers have the choice of 7 breakfasts from traditional to vegetarian including breakfast baps or baguettes to eat in or Takeaway. There is an extensive filling choice for omelettes, sandwiches, hot sandwiches and toasties. Made to order burgers, salads, traditional, made from scratch main courses and daily specials such as cottage pie in the winter months and then in summer, lighter specials.

The menu also includes a large choice of lighter bite meals, very popular with those looking to reduce calories but not taste!

Our client informs us that this attracts a very healthy mix of local residents especially retired people who appreciate a freshly made menu, as well as local business owners and shoppers.

Most of the trade is from eat in sales, however there is opportunity to add a takeaway trade by adding delivery apps such as Just Eat.

Opportunity to extend the current opening hours to include early evening trade, especially family meals or pop up bistro menus.

A full business handover will be offered by our clients.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with an attractive 10 year renewable lease in place, with 4 years remaining paying just £13,000 per year. Business rates payable are in the region of £3,000 per year.

Hours

Monday to Saturday 8.00am - 4.00 pm
Sunday and Bank Holidays - closed

Opportunity to open later and add more of a bistro menu.

Staff

The business is run and managed by our clients with the help of 2 x part time staff and 5 Saturday members of the team.

Financial Profile

We are advised the business enjoyed a 2018 Turnover of £130,000, Gross profit of £108,000 and adjusted net profit of £27,750.

Location

Thistle Do Nicely occupies a highly visible trading position on Water lane in Totton near Southampton in Hampshire.

The area is becoming increasingly popular with the addition of over 7,000 new residents now living within the area.

Totton is approximately 5 miles west of Southampton and located via the A35 and A33, the main connecting A27 links both Southampton / Bournemouth in the West to both Portsmouth / Brighton in the East.

The busy parade of shops includes 2 x free customer car parks and limited Main Street parking facilities, main high street banks and building societies, Asda supermarket, Argos, independent retailers, hairdressers and barbers, community library, estate agents, garages, and pharmacy.

Nearest mainline train station is Totton.

Premises

Front External:

• 3 x tables with 5 chairs for outside dining

Main Dining Area:

• 28 comfortable covers with new solid wood dining tables and chairs with the addition of a comfortable sofa in the front section.

Equipment Includes:
• New open display drinks chiller,
• Glass fronted chiller,
• L Shaped low level service counter,
• New Epos till system with card machine,
• Undercounter freezer,
• Undercounter fridges x 2
• New dual arm semi-automated coffee machine and grinder,
• Dualit toaster,
• Buffalo panini grill,
• Undercounter storage shelving
• Wall mounted shelving with cutlery storage,
• Glass dome cake stands,
• Hand wash sink,
• New glass fronted ice cream freezer,
• High chairs x 2
• New chairs and tables,
• New decor including 6 x drop down industrial lamp fittings.

Rear Hallway: 2 x store cupboards, customer toilet with baby changing facilities.

Kitchen, Fully Re Fitted and Includes:
• New fan oven,
• Microwaves x 4
• Roaster,
• Stainless steel storage racking,
• 4 door stainless steel chilled preparation unit,
• Large stainless-steel upright freezer,
• Dishwasher,
• Selection of stainless-steel prep tables,
• Large griddle,
• Single electric stove,
• Extraction unit,
• Double prep sink unit,
• Hand wash sink

Exit to rear car park.

Rear External: a single staff parking space is available

NEW: 4 camera CCTV system recently installed and Security alarm system.

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