Hilton Smythe welcomes to the market The Terrace Café. Our client first took over the business in 2011 and is now looking to sell the café, due to the desire to focus on other interests. This is a well-established café, that receives a generous amount of repeat loyal trade.
The café has an extensive menu that has proven to be very popular. They offer a range of hot and colds drinks, homemade cakes, burgers, soups, sandwiches, chicken curry, scampi, gammon steaks, hot breakfasts and much more. The food is available to eat-in or takeaway.
We are advised that the business is currently taking an advised turnover of around £74,000 per annum with a gross profit of around 65%. This is a healthy turnover that has potential to be increased. The new owner could look to extend opening hours, offer bistro nights and could look to take advantage of early morning trade. The premise has a large kitchen which could be utilised further, by introducing an outside catering service.
This is a fantastic café that is located in a prominent trading position. The town receives high footfall, and the business sees much of its trade from regular all year round trade. On the first floor of this premise will be a new beauty salon. This could be very popular and should increase trade massively for the cafe. The first floor space could be taken over by the purchaser if required.
This café would be a perfect first time purchase, there is low rent and an exceptional reputation that comes with the business name. This is a well-supported business in the town and Hilton Smythe highly advise early viewing, to take in full potential of the trade.
The Terrace Café is located in Redcar, North Yorkshire.
The café is situated in the heart of the town centre, close by the main pedestrianised area, which has a variety of stores. The beach is also just a short 2 minute walk down the road. The café is at the top end of the 2 mile beach. This beach is very popular with the locals and visitors in the summer months.
Redcar is a tourist location that attracts huge numbers of visitors each year. There are many attractions in the town such as the Cleveland Golf Links, town centre shopping and Kirkleatham Museum. The town hosts many events throughout the year, which boosts the amount of footfall.
The business is located close to the main promenade, this runs across the coast. The café is on one of the main bus routes in the area and the closest train station is just a 5 minute walk away. The town is approximately just a 20 minute drive away from Middlesbrough and Stockton-On-Teas.
The business boasts a double fronted premise. There are large windows which allow for a bright and airy interior. Outside the property is a seating area, for the warmer summer months. The property is well signed with a large sign above the windows, there are also advertisement boards on the pavement.
On entrance you are welcomed by the seating area. There are around 42 covers in this space. To the left is a 10 meter service counter. The counter tops are used to advertise products available. To the rear of the café are the men’s, ladies and disabled toilets, with baby changing facilities. Also to the rear is the very well equipped kitchen and a fire exit.
This comprises of a staff room with storage and kitchen facilities, this space will be included in the sale. There is also a second room which is to be used as a beauty room, with an office. This will provide excellent footfall to the café. It was previously used as a second tea room and if the new owners requires, it can be negotiated back into the lease.
Equipment included in the sale is as follows-
Ice cream machine
Tables and chairs
Stainless steel workbench
Ice cream freezer
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
New lease available upon negotiation.
Rent: £7,600 per annum
The business opening hours-
Monday - Saturday: 10am – 3pm
Open all week during the summer months.
The business is run and managed by our clients, with the help of one full time and three part time members of staff.
The business generates a turnover in the region of £74,000 per annum.
Gross profit 65%
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