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Well-established coffee house and complementary delicatessen

Bishop`s Waltham, Hampshire

£95,000 +SAV

Ref: 2916

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Description

Situated in pretty Hampshire Market TownEstablished over 10 yearsRegular and loyal customer baseGreat Growth potential Hilton Smythe is delighted to introduce to the market Barrington’s Deli. The business was originally founded in 2004, our clients have been running the establishment for the past two years, seeing a growth in profit during this time. Only now does the business come to the market due to our clients family commitments The business is in a prime location benefiting from the honey pot of tourists visiting this beautiful historic town each year as well as seeing much repeat trade from local residents. The business reports a healthy turnover of £175,000 per annum with a gross profit of around 70%. Barrington’s Deli is a well-established coffee house and complementary delicatessen concern. The business has a strong reputation locally for the diversity and quality of its food much of it made on the premises and is a feature of the thriving local community. The shop sells a range of homemade Deli produce and is justifiably renowned locally for its delicious Quiche menu. It has a well-stocked cheese counter with approximately 40 local and international cheeses as well as shelf space dedicated to specialty cooking ingredients, gifts and snacks. A 20 seat coffee bar is integrated into the shop serving hot and cold food and beverages throughout the day. The café is very stylish and immaculately presented. The present owners have built a delightful enclosed patio garden, which would be ideal to allow for al fresco dining and private parties. (potential 24-30 covers). The business provides a daily catering service to local business clients, and also a well-regarded private catering service which is in great demand. A Ford Transit Connect van is included in the sale. We believe the business has room for future growth, There is a rear storage room, (currently under used), which would be ideal as an additional kitchen area, used perhaps to prepare food for the outside catering and party events. The business currently has a website and a presence on social media website Facebook, but we believe would benefit from further development to show the full potential of this outstanding business. In addition there is a substantial 2 bedroom flat above the business, making this an ideal acquisition for either a couple or small family looking for a lifestyle change within this highly desirable, friendly and bustling community.

Tenure

Leasehold

We are advised leasehold.The original lease length is 10 years.4 years remain on the leaseReviewed every 5 years.Rent is £18,500 per annum

Hours

The business opens:- Monday to Saturday 9.00am – 5.00pmSunday 10am – 2.00pm

Staff

The business is owner run and managed with the assistance of 4 members of staff.

Financial Profile

The business reports a healthy turnover of £175,000 per annum with a gross profit of around 70%.

Location

The business is located in the centre of the picturesque market town of Bishop’s Waltham, Hampshire. Barrington’s Deli occupies a prominent corner position on the well-presented High Street, surrounded by a plethora of independent retail outlets, high street stores, eateries, public houses and town centre amenities ensuring a constant footfall throughout the day. The business benefits from a large car park in the vicinity. Bishop’s Waltham is situated in the Hamble Valley. The town sits in-between the M3, A3 and M27 making the town very accessible.

Premises

Corner premise briefly comprising:- Double fronted and beautifully presented frontage with good signage. Through into retail area consisting of traditional solid wood shelving, dresser and front window display table. This area also provides 2 tables and 4 covers. Chilled glass fronted counter displaying deli products, cakes and snacks. Behind the counter there are several storage units, refrigerated salad preparation bench, coffee machine and till. To the rear is the raised customer seating area consisting of solid wood chairs and tables for a further 18 covers Fully equipped kitchenDish washing area Office / storage room Customer toilet Access to rear garden Enclosed walled patio garden, ideal for further covers (approx 24 – 30). (The rear patio garden is currently accessed through the kitchen area however adding a doorway from the café area into the rear hallway could allow direct access). Equipment listDeli AreaAir Conditioning Unit2 x refrigerated serve-over display counters with refrigerated storage below.Stainless steel refrigerated Prep StationStainless steel storage cupboardUnder Counter standalone refrigerator Visa Crem two-head espresso coffee machineCoffee Bean GrinderMicrowave OvenDouble Panini GrillUnder counter DishwasherElectronic ScalesElectronic Cash RegisterFull-length display fridgeElectronic Hand Wash unit10 Tables/Chairs for approx. 22 CoversDisplay Shelving and Wooden DresserStorage Area2 x Larder FridgesUpright FreezerSafeShelvingKitchenChest FreezerLarge Oven2-ring HobMicrowave Oven2 x Stainless Steel work tablesWashing MachineSmoothie BlenderAdditional itemsFord Transit Connect VanCatering Water BoilerDouble Panini Grill Owners accommodationFirst FloorVery large family bathroom Bed 1 – good sized double Bed 2 - master bedroom with fitted wardrobes Spacious sitting room with open fireLarge kitchen / dining room

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