Hilton Smythe welcomes to the market the Coffee Hut in Banbury Oxfordshire.
The business has been trading as a cafe for a number of years and has recently been refurbished and run by the current vendor for just a couple of months, which due to family commitments this very rare and exciting opportunity has now become available.
Coffee Hut offers an excellent opportunity for a new operator to take this café to the next level, Church Lane enjoys a heavy footfall especially in the holidays and forms part of the old town which is very popular with both the tourists and locals alike.
The Café currently serves a range of Breakfasts, sandwiches and toasties along with pastries & cakes and a range of hot drinks.
The business would greatly benefit from extending the opening hours and expanding the food offering further and subject to local planning & licensing consents perhaps open later into the afternoon and early evening as a Bistro serving food from a wider menu as well as wine and prosecco.
The café benefits from 20 internal covers plus 2 additional outside seats.
In addition, the business benefits from one-bedroom accommodation to the first floor which is currently let out on an AST and managed separately by a local estate agent with rental income paid directly to the vendor creating additional income for the new owner and therefore lowers the running costs of the site.
The Coffee Hut would suit either an established operator looking for an additional site to perhaps do something a little different or an individual or partnership looking for their first business opportunity. Due to the size, location and the additional income from the first-floor accommodation with a sperate entrance this is a golden turn-key business opportunity available for very sensible in-going and running costs.Location
Situated on Church Lane which is in the pedestrianised area off the High Street in the centre of the much sought-after location of Banbury in Oxfordshire.
The business is easily accessible on foot and by all modes of transport within this idyllic trading location with plenty of pay and display parking just a short stroll away.Premises
Ground floor café located in a row of shops in the old part of Banbury town, main trading area and service counter, all tables, chairs and soft furnishings, Coffee Machine and hot potato oven, rear kitchenette including all stainless food preparation and storage facilities, microwave oven, sandwich toasters, fridges & freezers, drinks chillers, counters and shelving
Ground floor WC. Rear access out to the yard and separate secure entrance to the first-floor accommodation which consists of kitchen, living room, bedroom and bathroom spread over two levels.Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £14,400 per annum. (first floor accommodation currently creates an additional income of £7,200 per annum). Accommodation can be occupied by the vendor if they wanted to.Hours
The opening hours are currently 9.00am to 3.00pm Monday to Saturday.Staff
The business is closed on Tuesday and Sunday.
The business is run and managed by the current vendor with the assistance of 1 x part-time staff memberFinancial Profile
We are advised the business is currently turning over in the region of £35,000 per annum trading very limited hours to suit the current vendor. Massive scope to increase turnover.
There are no rates payable on the business.
Additional income of £7,200 per annum paid to the vendor from the first-floor accommodation.