For Sale

Successful And Lucrative Cafe Viewing A Must

Southampton, Hampshire

£39,995 +SAV

Ref: B04373

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe welcomes to the market Panini Express cafe, a modern and contemporary cafe and takeaway unit established by our client in 2017 and now reluctantly offered for sale due to his need to move abroad.

Our client invested over £80,000 transforming the unit from a previous Hair Salon business into a fully equipped cafe/restaurant space which includes several rooms of storage and accommodation to the rear as well as a fully modernised 4 x bedroomed above.

The attainable rent of the non-business areas quite easily covers the rent of the entire building ensuring the running cost of the business are extremely low for this vibrant area.

The current menu offers an excellent range of:

• Freshly filled paninis
• Burgers
• Stone baked pizzas
• Breakfasts
• Lunch specials,
• Beautiful cakes
• and illy coffee, including the exclusive illy chilled cream coffee, smoothies, milkshakes and selection of cold drinks.

The weekly turnover is split between 60% sit in customers and 40% delivery orders through Ubereats and Deliveroo.

The business Facebook page attracts 5-star customer reviews.

There are 1000s of students living within this area as well as growing population of young professionals living in the newly built apartments.

Our clients time has been focused on the building transformation work and the opportunity now lies within developing the current menu and turnover levels.

Increasing the current menu, adding a new website and leaflet drop campaign would instantly increase sales.

Tenure

Leasehold

We are advised the business is been offered as a Leasehold opportunity, original length of 15 years with 14 remaining.

The yearly rent for the building is £25,000 per annum, payable business rates of £8,500.

Hours

The Business opening hours are,

Monday to Thursday 8.00am to 10pm
Friday and Saturday 8.00am to 11pm
Sunday 10.00 am to 4.00pm

Staff

The business is run and managed by our client, 1 x full time member of staff and 2 x part time members of the team.

Financial Profile

Panini Express cafe will generate an estimated annual turnover in the region of £182,500, with a gross profit of £127,599 and adjusted net profit of approx. £65,000.

Current assets are valued in the region of £50,000.

Location

Panini Express Cafe occupies a highly visible trading position along Portswood Road, Southampton, Hampshire.

The business is surrounded by other independent retailers, High street banks and Building societies, a main post office, Waitrose and Sainsbury's supermarket which is directly across the road.

There is lots of development within this area with new student accommodation being built directly in front which will House over 400 new apartments.

Our client recently replaced the external signage and installed a new full-length window front with double door entry.

The business benefits from been located directly in front of the University of Southampton and its large campus facilities/accommodation.

Nearest mainline station is St. Denys and there are several main bus routes into the centre of Southampton and the famous docks.

There is limited free parking in the streets behind as well as large pay and display carpark within 2 mins walk.

Premises

A large full height glass window covers the entire front aspect of the shop unit with double doors leading into an open plan cafe sitting area and L shaped service counter.

The ground floor includes new flooring, lighting, ceiling, catering equipment, rear accommodation areas with bathroom and toilet, CCTV, heating and ventilation system.

Customer sitting area - split into 3 x distinct areas.

1st - comfortable leather club chairs and low tables
2nd - fixed wall seating with mid height tables and solid wood chairs
3rd - rear relaxed area with sofas, more club chairs and low height tables. High chairs available for smaller children.

Service counter includes,

• Bespoke glass fronted display cabinet,
• Space for both ambient and chilled goods,
• Counter top glass
• Fronted heated display cabinet,
• 3 x arm semi-automated coffee machine
• Electric coffee bean grinder
• illy iced coffee service blender,
• Hand wash sink
• Glass fronted ambient display/preparation area,
• Additional drinks blender
• Epos till with
• Card machine,
• Ubereats terminal,
• Fresh orange juice maker,
• New double deck pizza oven,
• Fresh pizza dough maker,
• Triple length glass fronted chiller,
• Pizza preparation fridge,
• Buffalo panini grill,
• Further grill,
• Small air fryer,
• Electric stove,
• Large new extraction unit.

Dishwashing area includes,

• Storage shelving,
• Stainless steel sink,
• Drainer.

Rear area includes,

• Large stockroom with additional equipment, shelving,
• Studio flat with double bedroom and ensuite facilities,
• 2nd stockroom with 2 x upright freezers, storage cupboards, preparation sink unit.
• Single customer toilet,

There is secure access to the rear shared lane and private stairs up to the rented accommodation.

1st/2nd floors include,

• 4 x double bedrooms,
• Shared kitchen and bathroom facilities,

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