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Superb City Centre Cafe in Stoke on Trent for Sale

Stoke-on-Trent, Staffordshire

£10,000

Ref: 1616

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Description

Hilton Smythe welcomes to the market Cafe Retreat. Originally founded by our clients in 2010 the business is in a superb trading position, highly visible to the many shoppers and business workers passing by throughout the day.

Cafe Retreat is a contemporary styled cafe, very well presented throughout with good quality equipment and high quality furnishings. The business offers a selection of homemade breakfasts, sandwiches, paninis, baguettes, jacket potatoes, pasta dishes and a separate children’s menu with a good variety of hot and cold beverages. Cafe Retreat is in pristine condition, spotlessly clean and has been awarded the 5 star food hygiene certificate.

The business is of a substantial size offering 65 covers, with additional seating outside on the pedestrianised forecourt to the frontage attracting the heavy passing trade. There is the potential to extend the dining area into the lower ground floor currently utilised for storage if required offering the potential to also extend trading hours and perhaps open in the evenings as a bistro subject to approval and appropriate licenses to generate additional revenue.

The business genuinely comes to the market as our client wished to emigrate.

This is a profitable business offering an ideal walk in trading opportunity in a fantastic location.

Tenure

Leasehold

We are advised Leasehold.

Rent is 25,000 per annum. The original lease length is 5 years with 6 months remaining.

We are advised the landlord will extend the lease for a new tenant.

Hours

The cafe opens:-

Monday to Thursday 8.00am – 4.30pm
Friday and Saturday 8.00am – 5.00pm
Sunday 8.00am – 4.30pm

Staff

The business is owner run and managed with the assistance of 6 part time members of staff.

Financial Profile

The business reports a fantastic turnover of £147,871 per annum, with reported gross profit at just over £106,265. Business rates are currently £1276 per calendar month.

Location

The business is located in Hanley, Staffordshire, one of the major six towns that merge to form the City of Stoke-on-Trent. Hanley is considered the city’s main city centre and shopping centre with a plethora of high street chains and independent businesses.

Occupying a prime trading position on Lamb Street, in the city centre within the main shopping centre, opposite two major chain stores in this affluent city ensuring heavy footfall in the area.

The city had a new bus station built in 2013 with a network of buses running though the city and out to surrounding suburbs. Hanley has several arterial roads skirting the city, the A53, A52 and A500 providing an easy commute to Newcastle upon Tyne and the M6 a short drive away.

Premises

This mid parade premise briefly comprises:-

Well presented cafe with modern decor, modern tables and chairs for 65 covers, wood effect flooring and diffused lighting, long serving counter with glass display unit, salad bar, turbofan oven, soup cauldron, heat lamps, griddle, 2 fryers, microwave, Panini press, ecr, Chiqqo iced frappe machine, 3 grip coffee machine, coffee grinder, drinks chiller and freezer.

The cafe has disabled access and provides toilet facilities.

To the lower ground floor is a large store room, offering potential for further seating area.

In addition, there is an office and convenient freezer store.

The pedestrianised frontage provides additional seating for 16 covers, whilst to the rear is a loading bay.

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