The business sells quality coffee as well as smoothies and milkshakes and also serves breakfast, snacks, lunch and home made cakes. Only 10% of sales are take away and this is an area that could be developed.
The coffee shop is approx. 525 square feet, consisting of a 28 person seating area inside, with 6 more seats outside, in addition to the kitchen and toilets. Rent is £7,500 per annum with rates an additional £2,276 per annum (£0 from April 2017) and there are 3 years remaining on a 5 year lease. The landlord would be happy to grant a new lease to the purchaser.
The coffee shop does not currently employ staff and is run by the owner 6 days per week, with part time assistance from family members at busy periods. For the majority of the time the business can be run by one person.
There are development opportunities for someone looking to grow the business, including improving the take away offering and introducing a delivery service, making better use of social media and offering the premises for evening functions. There are regular requests to purchase the ground coffee used, there is the opportunity to develop the home made cake sales and a new tea museum is opening almost next door, which will increase footfall.
Annual turnover is currently around £30,000, generating earnings before owner drawings of approx. £7,500 (c £10,000 after rates change in April 217). The guide price for the assets and goodwill is sensible offers around £13,950, reflecting the owner's needs to sell quickly due to a change in family circumstances. The owner will support an appropriate handover.
Please do not approach the business directly but address initial enquiries to www.SellMySmallBusiness.co.uk
3 years remaining. The landlord will be happy to grant a new lease.
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