Cafes for sale in Grantham

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Imran Ahmed (Nov 2014)
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Leasehold Price: £67,500 Turnover: £64,546
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market The Pantry. This multi-facet business was originally established by our client in 2013. The business has been a great success in the village, however our client is now looking to sell the store due to the desire to take a well-deserved retirement.  

The business runs as a post office, delicatessen, gift shop, coffee shop and an arts and craft store. The store stocks some beautiful products from its homemade cakes, pies and preserves to award winning bread. This is the go to place in the village for all your needs.

The store actively supports local suppliers where ever possible. We are advised the current turnover for the business is an advised £65,000 per annum. The post office also generates an income of around £6,400 per annum. This is a great earner and could be run by a husband and wife team, allowing for low staffing costs.

This is a healthy turnover, however, we feel this could be increased. One way in which the new owner could do this would be to extend opening hours. This should include Sundays; an evening bistro would also be a fabulous way of boosting income. We are advised by the owner that several of the village clubs have asked for Sunday opening hours.

The premise would be perfect for themed nights, afternoon teas and Sunday brunches.  Above the store is a 3-bedroomed owner’s accommodation, this is available for an extra monthly cost of £550 per month. This space would make a greet owner’s accommodation or bed and breakfast letting rooms.

There is scope to erect a two storey extension to the rear of the premise this would be a great add on to the business and could increase the B&B side of the business; if the owner was to look into this option.

The business is situated on the market square of this affluent village. The store is well supported in the local community and sees a generous amount of repeat local trade. The village holds many events throughout the year one of which is the switch on of the large village Christmas tree which is located in the square. The villagers gather each year for mince pies and an all in all fantastic festive celebration.

This is a fantastic business opportunity for any purchaser looking for a change of life style. Hilton Smythe highly advise early viewing to take in the full extent of the store.  

LOCATION
The Pantry is located in Corby Glen, Grantham, Lincolnshire.

The business is set in a rural village location. In the village are a few independent businesses. There are two pubs, two schools, three shops and several other trades. This is a close community with many of the villager’s family history running back hundreds of years. We are assured the new owner would be highly welcomed.

This is a fantastic location for a thriving multi-faceted business. The area is great for tourism as there are many walking and cycling trails and an array of National Trust Tourist attractions. The coffee shop and gift shop side of the business are a great attraction to those who visit the village. Another main attraction of the village is the annual Corby Glen Sheep Fair. This is a tradition in the village which allures huge crowd’s year on year.

The village boasts several clubs such as hunting, shooting, car clubs, bell ringers and many more. This is a close community that is privileged with picturesque countryside, quaint streets and village stores.

The business is located just off the A151, on the village market. This road runs from the A1 to the A15, these are main A-roads that run nationwide. The area stays connected with surrounding towns and villages via the public transport. There are many bus stops located around the village which have regular daily routes. There are also train lines in Grantham and Stamford that run direct to London.

This is an enviable location due to its great proximity to major cities. There are also many private schools such as Stamford; this makes it perfect for a young couple with children.

PREMISES
The business boasts a large premise with a detached garage. To the side of the premise is parking for around two vehicles.  

Split level Shop/deli area with post office counter.

Fresh bread and deli displays

Perimeter display cabinets and shelving, greeting card carousels, small chiller unit, open chiller unit, chest freezer.

Seating with sofas and tables – 10 x covers.

Upper level

20 x covers

Additional display units and shelving.

Service counter with chilled serve-over unit, 3 x stainless steel preparation tables, sink unit, coffee machine and grinder.

Inner hall area with:

w/c

Access to side entrance and stairs to first floor accommodation.

Kitchen with:

Wall and base storage units, storage shelving, main boiler, 2 x microwaves, counter top fridge, 2 x fridge freezers, 1 x under-counter fridges, grill press, sink unit.

There is a large cellar which is currently used for storage.

First floor flat available for £550 per month.

Split level with-

Sitting/dining room.

Fully fitted kitchen.

Large double bedroom with dressing room.

Double bedroom with sink

Double bedroom

Bathroom with separate shower cubicle

Large Lounge

External area

Street frontage with additional seating area for up to 10 x covers

Access ramp to shop.

Public car park

TENURE
We are advised the business is Leasehold.

Three-year lease available.

Rent £1,200 per month.

Upstairs flat available if required for £550 per month.

HOURS
The business is open-

Monday - Friday: 9am – 4pm

Saturday: 9am – 3pm

Sunday: Closed

STAFF
The business is run and managed by our client with the help of 2 full time, 1 part time and casual members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £65,000 per annum.

Post office salary £6,400 per annum.



Tenure: Leasehold

Listed by: Hilton Smythe
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