Cafes for sale in Cheltenham

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Sarah Davies (June 2014) View More
Leasehold Price: £124,950 Price Reduced Turnover: £194,884 Gross Profit: £81,101
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Business Description
BUSINESS
Hilton Smythe is delighted to introduce to the market Gotherington Village Store. This traditional post office was originally established in the 1970’s, and has grown with the town. Our clients first took over the store in 2009, and have really enjoyed running a thriving post office in such a brilliant area.

Our clients are now looking to reluctantly sell the business after facing health issues. Due to this the store has been run at a steady pace to suit our clients needs. Leaving room for a new owner to thoroughly increase turnover.

The store currently runs as a post office, convenience store and offers craft classes. The business also has a fantastic popular café which offers sandwiches, hot snacks, tea and coffee etc. This generates a combined advised turnover of around £195,000 per annum with a gross profit of 42%.

The business has a post office salary of approximately £1,200 per month and also £450 per week from the lottery.

They currently offer 4 newpaper delivery rounds this generates £1500 per week, however there is demand for more which would increase this extra revenue further. A few more ways in which we believe the new owner could increase turnover is as folows.

Advertising and marketing campaign, the current owners carried out a leaflet drop when they first took on the business, this had great success.

Consider offering pet supplies, we are advised this is often asked for in the shop.

Develop the outside catering side of the business particularly the corporate side, there are several large companies nearby notably ‘Zurich’ and ‘Smiths Industries’.

Open as a bistro in the evenings, the current owners have been offering gourmet nights with 7 course dinners and these have proved extremely popular with the local villagers.

The current owner is well known for her craft classes, i.e. sewing, painting, card making and glass painting etc. The owner could consider craft table hire.

Use the wall space in the cafe for displaying art works to be sold on a commission basis.

Maximise the use of free social media.

Extend the opening hours

These are just a few ways in which we believe could highly increase turnover.

The post office is the hub of the village offering many services. This would be the perfect opportunity for a husband and wife team looking for a new lifestyle, or people who are just simply looking to be in the centre of a vibrant village.

This business is a fantastic opportunity with a huge amount of potential. The property comes with fantastic owner’s accommodation and really is a turnkey opportunity. We highly advise early viewing to avoid missing out on this wonderful business, property, home and life style.

LOCATION
Gotherington Village Store is located in the beautiful village of Gotherington within Cheltenham, Gloucestershire.

This historic town has a wealth of grade 2 listed properties, and is a fantastic place to live and work. The area is surrounded by countryside and farm lands. Despite the small village surroundings, there is a generous amount of village stores, pubs, eateries and tea rooms.  

The village is well connected with a great amount of public transport links. Directly outside of the post office is a bus stop. Cheltenham town centre is just a short drive away around 5.5 miles. The property is close by to the A435 which is the main road connecting the village to Cheltenham.

PREMISES
This perfect detached property comes with free parking immediately outside and has a private drive to one side, providing extra off road parking for several cars. The property comes fully fitted and ready to move in to.

Cafe Area

Large window to front creating a light and airy interior, tiled floor, pendant lighting, tongue and groove pine panelling to dado height. A main feature in the room is the fire place with pine surrounding and marble effect inserts. In the café there is covers for up to 40. At the side of the property is a grassed area which is perfect as an outside eating area.

Equipment and fittings included-

2 freestanding glass display cabinets,

Greeting card carousel

Pine welsh dresser

Further pine shelving units

Glass tables with computer monitor

Light oak cupboard

Uplighter

2 leather effect tub chairs and a nest of coffee tables

Leather sofa and sewing area

Bespoke tongue and groove cafe counter with refrigerated glass cake display

The cafés kitchen is well fitted with the following equipment-

‘Flavel’ range type cooker with 8 rings and three ovens

Coffee machine

Generous run of worktops

Hanging utensil storage

Perimeter shelving

Tiled walls to rear

Stainless steel sink and drainer with cupboards beneath

Under counter fridge and freezer

Toaster

Microwave oven

Mixer

The cafe can be screened from the shop and post office by the use of pulldown blinds which makes the cafe area feel more intimate for evening dining.

Shop and Post office area

Bespoke timber counter housing the lottery terminal and post office counter.

There is a window to the side with tiled floor.

Equipment included-

Double glass fronted drinks chiller

Single glass fronted drinks chiller

L-Shaped greetings card display

Card carousel

Pine shelved jam display

Newspaper and magazine racking

Confectionery shelving

Pick n Mix display

Grocery shelving

Wines and spirits shelving

Glass pie warmer

On the ground floor is also an office, w/c and a dry good store/freezer room with perimeter shelving and a Belfast sink, this area also has access to the side of the property.

Owners accommodation

The owner’s accommodation is accessed via an external staircase to the rear of the property. The accommodation is well laid out and has been kept well maintained.

Bathroom

Good sized room, Velux window to rear, wood panelled bath with useful built in storage cupboard with shower above and glass shower screen

Bedroom 1

Good sized double room with window to side and built in cupboards.

Bedroom 2

Generous sized room with large Velux window.

Bedroom 3

Good sized double room, window to side, wardrobes included.

Lounge

This is a particular feature of this property. The lounge is an impressive large room and would be ideal for use by a growing family. This is a fantastic space with a dining area.

 

Kitchen

A well fitted and well maintained kitchen, beech effect wall and base units with silver coloured handles in a contemporary style. Generous run of work tops in a black marble effect, tiled walls, serving hatch to lounge. There is space for a cooker and fridge freezer, peninsula unit with chrome legs and glass doors, space for washing machine and also a dish washer.

The property is well signed with a traditional characterised feel. We are advised there is also a sign written delivery van available on separate negotiation.

TENURE
We are advised the business is leasehold

Original lease length 5 years

New lease will be assigned

Rent £1,200 per month

HOURS
The business opens:-

Monday-Friday: 6:30am – 5:30pm

Saturday: 8am – 12pm

Sunday: 8am – 12pm

STAFF
The business is run and managed by the owner with the assistance of 1 part time and 8 casual members of staff.

FINANCIAL PROFILE
The business reports a turnover of £195,000 per annum

With a gross profit of 42%

Lottery £450 per week

Post office salary £1200 per month

News sheets £1500 per week



Tenure: Leasehold

Listed by: Hilton Smythe
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