Cafes for sale in Wakefield

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Busy Traditional Cafe With Accommodation

Wakefield, West Yorkshire, England

  • Leasehold Price: £24,995  Price Reduced arrow_drop_down
  • Turnover: £92,134
  • Gross Profit: £78,424
Seller Reference: B04996
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: B04996
Request Details
Business Description
Business
Hilton Smythe are delighted to offer to the market Chapter 7 Cafe, an extremely well-established café with flat above.


The Café was initially established over 35 years ago and has been in the current owner’s family for over 30 years, with our client taking over in 2010. Though he has thoroughly enjoyed running the business for the last 8 years, he is now looking to emigrate.


The business is situated within a large commercial premise providing seating area with 80 covers, male and female toilet and commercial kitchen. On the first floor is a two-bedroom flat, currently used as living accommodation.


The café currently offers a menu of traditional, home cooked, English meals such as full English breakfast, sandwiches, soups, children’s meals. Services offered are Takeout or eat in. There is huge scope for a delivery service should the buyer desire.


Chapter 7 Café has excellent reviews on google with customers stating ‘Homemade healthy and delicious British dishes including English breakfast served all day long with all kind of sandwiches cold and hot along with yummy pies, steaks, burgers and soups variety.


Chic and warm atmosphere with lovely friendly and professional staff. The current owner is offering a hand over period to introduce the purchaser to the regular customers and keep up the fantastic reputation the café already has.


The business is currently owner ran with help from 3 staff members. At present our client doesn’t advertise much, the custom comes from passing shoppers, with ample regular customers and word of mouth recommendations.


There is plenty of scope to improve turnover such as opening longer hours, introducing evening meals, using social media, advertising, leaflet dropping. Also, to increase the custom if desired, there are options to utilise marketing websites such as just eat, hungry house etc.


Reasons to buy:


• Excellent location providing ample foot fall all year round


• Living accommodation


• Extremely well established with a great reputation


• Hand over and further support offered by the seller


This is an excellent opportunity in such a sought for location, early viewing is advised. Please contact Hilton Smythe and viewings are by appointment only.



Location
The business is located on Silver Street, Wakefield.


The business is surrounded by a wealth of shops and businesses and benefits from a high volume of footfall and passing trade.


The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.


The area is also well served by the A-roads within easy driving distance of the business, which link to the M1 and M62 motorway network.



Premises
Chapter 7 Café is situated on a busy shopping parade providing ample footfall, with ample pay and display car parks to the rear of the premises.


The property is well presented inside and out with good signage and attractive décor.


Ground floor


• Counter and seating area (total of 80 covers)


• Storage


• Male and female WC


• Fully equipped Kitchen


• Equipment included in the sale comprises of


• Coffee boiler and grinder


• 2 x Fridges


• Tall fridge


• Gas grill


• Twin basket fryer


• Dish washer


• Extraction system


• 4 Pot Bain Marie and hot cupboard


• Hot pass


• Milkshake maker


• Double panini grill


• Commercial microwaves


• Toaster


• Tall commercial freezer


• Chest freezer


• Slicer


• Ample crockery


• 20 table and over 80 chairs


First floor living accommodation 2 bed flat Comprising of:


• Double bedroom en suite


• Lounge / bedroom


• Office


• Second floor


Potential to create more living space, add more bedrooms etc


Please note - at time of sale some of the living accommodation furniture will be negotiable with the owner


The space at the rear of the café provides space to put tables and chairs out in the summer. The premises is up to date with electric testing regulations and gas safety checks.



Tenure
We are advised the business is Leasehold with an annual rent of £16,000 for the whole building.


The business benefits from rates relief, annual rates are £4,800


a new lease of 15 years will be available to the purchaser.


SAV will be between £1000 - £2000



Hours
Currently trading 6 days a week

Monday 8.30 am – 3.00 pm
Tuesday 8.30 am – 3.00 pm
Wednesday 8.30 am – 3.00 pm
Thursday 8.30 am – 3.00 pm
Friday 8.30 am – 3.00 pm
Saturday 8.30 am – 3.00 pm
Sunday Closed

Staff
Owner ran with 3 staff members

Financial Profile
The reports for 2016-2017 show a turnover of £92,134 with a gross profit of £78,427

Tenure:
Leasehold
Listed by:
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