Cafes for sale in Hampshire

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S Martin (Feb 2013)
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Leasehold Price: £90,000 Price Reduced Annual Turnover: £260,000
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Business Description
• Well established coffee shop and café
• Average weekly takings in the region of £4,800 - £5,000
• Excellent condition with 70 covers in total.
• Viewing highly recommended

Offers invited. Ideal lifestyle change opportunity. Extremely well established coffee shop and café situated in a major Hampshire town occupying a superb central location inside a popular shopping centre amongst other independent retailers and national chains. Income c. £5,000 per week with genuine potential to increase profit margins. Excellent condition and 70 covers in total.
Leasehold Ref 44311

The business is located in a popular town centre and occupies an excellent trading position. It is presented in a superb condition, along with good quality fixtures and fittings. The café is located on the ground floor of a busy shopping centre which benefits from a large amount of footfall throughout the day, from both local residents and staff from surrounding retail units.

The business was established by our client over 15 years ago, although only moved to the current site in the last three years due to expansion. The business is now a well renowned take away and eat in operation, with approximately 70 covers providing flexible seating arrangements on various sized tables.

Since moving the business to the current site of circa 3,000 sq ft, our client has established a loyal and regular customer base and generates an average income of £5,000 per week with genuine potential to increase the profit margins.

In our opinion the business is still not trading to its full potential and could consider a sandwich delivery round given the number of business parks and retail outlets close by.

We have been advised by our client that the income each week is split on a fairly 50/50 basis with regards to food and drink sales, although in our opinion there is the opportunity to increase the food menu and also to increase the prices overall to make the business more profitable. Our client has also considered having take away drink cups branded with the company name and logo to enhance the overall brand awareness in the area.

Summary. An ideal opportunity to purchase a well established, lifestyle change business in an excellent shopping precinct location, with heavy footfall and genuine potential to increase income.

A viewing is highly recommended to fully appreciate the business and overall location.
Tenure: Leasehold

Listed by: Kings Business Transfer
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