Cafes for sale in Surrey

View the "COFFEE SHOP WITH COURTYARD IN SURREY TOWN" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I sold my business through Daltons, which all went very smoothly & I thought your advertising site was great. 

Colin Morley (October 2016)
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Leasehold Price: £29,950 Annual Turnover: £78,669 Annual Gross Profit: £54,859 Annual Net Profit: £15,913
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Business Description
LOCATION:

On the southern bank of the River Thames in the northeast of the borough of Elmbridge in Surrey, the postal district extends north across the Thames into the London Borough of Richmond upon Thames, close to Kingston Upon Thames and Walton-on-Thames. The nearest main line station is Hampton Court which runs into Waterloo. The business is situated in the centre of a parade of shops and restaurants and enjoys a prime trading position on a busy main road running through the centre. It trades opposite Tesco Express with the convenience of a free-on street parking zone and a bus stop immediately opposite. According to the 2011 census, the suburb has a population of 19,000 residents.

BUSINESS:

Offering paninis, sandwiches, cakes and pastries this fully-equipped coffee shop was established in 2008. With a covered courtyard to the rear, this attractive and popular community coffee shop enjoys a prime trading position on a mixed parade. There are several restaurants, a hairdresser, shoe shop, dog groomer and an estate agent in the parade with a dry cleaner's, a laundrette, card shop and a Post Office on the other side of the road. As a busy shopping destination, there is a steady flow of both pedestrian and motor traffic throughout the day with a bus stop opposite, next to the free on-street parking zone. These are very accessible A1 premises with excellent reviews on Trip Advisor and Facebook.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

The café measures 24ft/7.5m x 12ft 9/3.9m (with laminate wood floor under a suspended ceiling with down lighters and an under-stairs storage cupboard. The kitchen measures 10ft 7"/3.2m x 7ft/2.3m. Seating at 8 tables provides 16 covers inside with a further 14 covers in the covered, paved Courtyard measuring 21ft/6.5m x 17ft/5m. The toilet is located in the Courtyard.

FIXTURES, FITTINGS & EQUIPMENT:
(all the following items are included in the asking price)

Ceramics, Glassware and Utensils
Flower vases
Ceramic sugar stick holders
Ceramic salt and pepper sets
Assorted glassware for milkshakes, juices and cold drinks
Assorted plain white china plates, bowls, service dishes
Assorted china mugs, cups, saucers, teapots, milk jugs and toast racks
4 x stainless steel milk jugs, 2 x milk thermometers, 2 stainless steel espresso shot jugs
Catering size plastic cutlery storage with large quantity of cutlery

Under-stairs storage cupboard

Free-standing wooden shelf
Bissell vacuum cleaner
Various mops, brushes
A Frame chalk board

Kitchen

Fluorescent tube lighting
1 x Free-standing stainless steel shelf unit
1 x Free-standing stainless steel worktop with space for dishwasher underneath
1 x Free-standing stainless steel double sink unit with mixer taps and shelf under
1 x Stainless steel splashback above cooker
Water meter under sink
2 x Wall mounted stainless steel rack shelves
Various pots, pans and utensils
Extractor fan
1 x Fire Blanket
4 x Double electric sockets
1 x Cee-form 16amp socket for dishwasher-installed 2014
1 x Electrical outlet for cooker - installed 2016
Non-slip industrial flooring - fitted 2010

Electrical Equipment

1 x 800w microwave - purchased 2015
1 x 4 slice toaster
1 x Panini Machine - purchased 2014
1 x Lincat cooker and 4 hob unit - purchased 2016
1 x Polar Refrigerated Prep Counter - purchased 2012
1 x Whirlpool Freezer
1 x Classeq Duo 750 dishwasher - purchased August 2010

Café Interior

Wood effect flooring throughout the Café - fitted August 2010 with industrial non-slip flooring behind service area
7 x tables and 16 Chairs
1 x high chair
Cupboard housing electric meter and fuse board
Spotlights throughout - refurbished 2014, LED bulbs installed plus new fittings
7 x double electric sockets
2 x wall mounted wooden shelves, for display purposes
1 x wall mounted 4 hook coat rack
1 x door hung material newspaper rack
3 x wall mounted chalk boards
1 x freestanding wicker shelf unit
1 x marble topped corner unit, open storage space at rear
Range of under counter storage cupboards, incl. 2 x glass fronted doors
1 x hand wash basin
1 x wall mounted stainless steel hand towel dispenser
1 x Fire Extinguisher - tested May 2017

Electrical Equipment

1 x Ice cream freezer - purchased 2012
1 x glass-fronted refrigerated Serve-Over counter, with marble work surface, stainless steel interior base unit with light and fitted glass shelf. Refrigerated space below provides additional storage
1x Tefcold glass fronted bottle fridge with light - purchased August 2010
1 x Blendtec drinks blender
1 x Coffee grinder
1 x Astoria 2 group coffee machine - purchased 2015
1 x telephone
1 x Sharp XE -A203 electronic cash register

Courtyard

6 tables to rear (1 table roadside use)
16 chairs - purchased 2014
1 x 2 seater bench with parasol
1 x Child's bench
2 x wall mounted infra-red heaters
Exterior spotlights
1 x remote control operated large awning - installed 2014
1 x L shaped trellis with attached flower bedding area providing screen to outside toilet

Outside Toilet

Toilet and washbasin
Wall mounted mirror over basin
1 x wall mounted stainless steel hand towel dispenser
1 x wall mounted stainless steel toilet tissue dispenser
1 x free standing floor bin
1 x lockable storage cupboard, housing water tank and timer switch - timer switch and emersion upgraded 2016
Ceiling mounted triple spotlight
Extractor fan
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:

There is no private accommodation included with this opportunity

TENURE:

This is a leasehold opportunity with a 12 year lease in place which expires in 2020. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £12,000 per year. There are 4-yearly rent reviews with the next review due in 2020.
Please be aware that the landlord will require references to support your application as a tenant and satisfactory bank and trade references will be requested. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.

RATES:

The rateable value of the premises for 2017/18 is £6,100. Small Business Rate Relief means zero rates are payable for 2017/18. Water charges of £288 were payable in 2016/17.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:

We understand from the vendor that all main electricity and mains drainage services are connected to the property.

TRADE:

Accounts inspected by Adams & Co for the year ended 31 March 2017 show turnover to have reached £78,669 with gross profits of £54,859 (70%) with adjusted net profits of £15,913.
Please note this business is not registered for VAT therefore all figures exclude VAT.

HOURS:

Monday to Friday 08:00 to 16:00
Saturday 09:00 to 15:00
Sunday Closed

STAFF:

The Vendor works full time in the business supported by one member of staff who works 09:30 to 14:30, 4 days a week and 07:00 to 17:00 on Thursdays (the vendor's day off) plus one Saturday each month.

STOCK:

The vendor informs us that the value of the stock is approximately £500

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:

The vendor has decided to pursue a non-competing opportunity which has created an exciting opportunity for a new operator to build on the solid foundations laid down during the past 5 years of her ownership.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.

LOCAL AUTHORITY:

Elmbridge Borough Council Tel: 01372 474474

VIEWING

If you wish to discuss this business opportunity in greater detail, or arrange an appointment, please call Nick on (023) 8025 3910
PLEASE DO NOT MAKE CONTACT DIRECTLY WITH THE BUSINESS

We will be pleased to make arrangements for you to view the property and business. All viewings must be by appointment, which we will arrange, following a brief discussion as to the potential buyers' financial position and their ability to proceed.
ALL NEGOTIATIONS MUST BE THROUGH THIS OFFICE

ADDITIONAL SERVICES

When purchasing a business (particularly for the first time) there are many important issues to consider and organise. With over 60 years' experience of the Business Transfer market, Adams & Co are ideally placed to help purchasers. We are able to arrange competitive finance, insurance and stock-takers, if required. Please telephone Nick on 023 8025 3910 for further information.
Trading Hours:
Monday to Friday 08:00 to 16:00
Saturday 09:00 to 15:00
Sunday Closed

Number of Employees:
The Vendor works full time in the business supported by one member of staff who works 09:30 to 14:30

Tenure: Leasehold

Location Details:
The business is situated in the centre of a parade of shops and restaurants and enjoys a prime trading position on a busy main road running through the centre. It trades opposite Tesco Express with the convenience of a free-on street parking zone and a bus stop immediately opposite.

Leasehold Term:
This is a leasehold opportunity with a 12 year lease in place which expires in 2020. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £12,000 per year. There are 4-yearly rent reviews with the next review due in 2020.

Listed by: Adams & Co
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HW1508
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