VIEWING STRICTLY BY APPOINTMENT ONLY
Hilton Smythe welcomes to the market Aldwinckles Coffee Shop. This is a well-established coffee shop that was originally established in 1984. Our client however has run the store since 2005. The owner has thoroughly enjoyed his time at the café, but is now looking to sell the business due to the desire to take a well-deserved retirement.
The coffee shop sells a range of locally sourced roasted coffees. They also specialise in lattes and leaf teas and have a great menu that offers lots of tasty meals, such as hot breakfasts, light snacks, scones and cakes. The business is very popular with the locals and is known for its great quality products. The shop offers a loyalty scheme to its customers which allows for repeat trade.
The business current generates an advised turnover of around £81,000 per annum with a gross profit of 71%. This is a healthy turnover that could be increased in several ways.
The coffee shop did have an alcohol licence which recently lapsed. By reapplying for the licence and introducing alcohol sales there could be a boost in custom. The business is also closed on Sundays which is a main trading day. Opening Sundays and later hours throughout the week maximises potential trade.
The coffee shop has an outstanding reputation for its homemade scones. They also have raving reviews on TripAdvisor from many happy customers. This is a great coffee shop for tourists, due to its location and fantastic menu.
The landlord will grant a new lease for 15 years.
Hilton Smythe highly advise early viewing to avoid disappointment.
Aldwinckles Coffee Shop is located in Market Harborough, Leicestershire.
The business is situated just off the main high street in the centre of town. This is a busy location due to the plethora of retail outlets. There is a mixture of stores such as clothing stores, shoe shops, furniture stores, household store, children’s clothing stores and more. The coffee shop is set back between two stores. There is a sign on the street promoting the coffee shop which is visible to passing trade.
Market Harborough is an expanding historic market town that has retained many of its unique features and buildings with a large selection of independent shops which attract many visitors and foreign tourists. The town is well provided with several hotels, restaurants, pubs, shops and access to the Grand Union canal. The town also stages some large events through the year that draw large crowds of locals and visitors.
With a good transport and road links including a main line railway station and is situated approximately 30 mins from Leicester in one direct and Northampton in the other.
Market Harborough is a destination location for many regular and new visitors.
The business is well presented and boasts a substantial sized premise. The front of the property has a lovely court yard with a 13 cover seating area. This is a sheltered area that has fantastic signage. There is a shabby chic feel throughout the cafe.
On entrance there is a 13 cover seating area with traditional features such as the fireplace, wooden beams and tiled flooring. The service counter is on entrance and has a range of stock displayed on top.
Up to the first floor there is a further 11 covers. This space is bright and is a relaxing place to eat. On this floor there is a ladies and gents toilet, and a galley kitchen.
Equipment included in the sale is as follows-
Double ring hob
Two under counter fridges
Hand wash basin
There is main signage on the main high street, however the premise is set back. There is a shared entrance for this shop and two others.
We are advised the business is leasehold.
Original lease length: 15 years
Remaining lease length as of 2016: 18 months
Rent: £11,750 per annum
Landlord has confirmed they will grant a new lease for 15 years.
The business opening hours-
Monday - Saturday: 9am – 4pm
The business is run and managed by our client with the help of part time members of staff.
The business generates a turnover in the region of £81,000 per annum.
Gross profit 71%
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