Cafes for sale in Warwick

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 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Leasehold Price: £59,999 Turnover: £104,000
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Business Description
Business
Hilton Smythe welcomes to the market, Lobster Café.

Lobster Café was founded by the current owner in September 2015 and is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to pursue a change of direction.

Lobster Café prides itself on its food offering which is freshly prepared on the premises and offers a fine selection of seafood dishes, including their popular lobster bisque along with sandwiches and sushi which is made in front of the customer.

The business offers prices that won’t burn a hole in their customers pockets meaning that their dishes are more than value for money. Lobster Café also offer take away party food and also offer private bookings after 6pm for 6-10 people offering culinary treats that delight and tantalise.

Lobster Café has an alcohol licence.

The sale will include the company website (lobstercafe.co.uk) and Facebook page and the business enjoys good visibility on the internet with great reviews from the likes of Tripadvisor and Yelp.com.

Scope To Improve

1. Advertising and marketing campaign
2. Maximise the use of social media particularly Twitter and Instagram
3. Update the existing website adding menus, a gallery and an online booking service
4. Explore online offerings from the likes of Hungry House and Just Eat
5. Introduce a sandwich round delivering to local businesses during working hours
6. Expand the outside catering side of the business particularly corporate ie. Business buffets and much more.

Reasons To Buy

1. A well-established business with an enviable reputation and many regular customers
2. Minimal running costs with inexpensive rent and no business rates
3. Ideal trading position in the centre of Warwick which is popular with shoppers and tourists alike.
4. A ‘Lifestyle’ business offering the opportunity to work in the beautiful town of Warwick.
5. Current owner happy to offer a handover to ensure the continued success.
6. Ideal owner managed or partnership business.

Hilton Smythe highly advise early viewing to avoid disappointment, this lovely little business is likely to attract considerable interest.

Location
Lobster Café is located in the county town of Warwick.

Warwick is the county town of Warwickshire. It lies near the River Avon, 11 miles south of Coventry and just west of Leamington Spa and Whitnash. At the 2011 census the population was 31,345.

Due to its proximity to north-south and east-west motorway routes, many companies have their head office in the town. Since November 2004, National Grid PLC has had its UK head office on the Warwick Technology Park south of the town between the A425 road and A452 road. Other businesses with head offices here include Bravissimo, IBM, Gerflor, Bridgestone, Calor, Cantor and Delphi Automotive.

Warwick is on the M40 London to Birmingham motorway, connected to junctions 13, 14 and 15 and is on the A46 dual-carriageway trunk road positioned between Coventry and Stratford Upon Avon. The town has a railway station with direct rail services to Leamington Spa, London, Birmingham and Stratford Upon Avon provided by Chiltern Railways. Bus services to Leamington Spa, Stratford Upon Avon and Coventry are operated by Stagecoach in Warwickshire from the bus station in the town centre.

Lobster Café is ideally positioned in the town centre and main shopping area of Warwick and thus benefits from high levels of footfall and passing trade. The business occupies an attractive period style building and is presented and maintained to a high standard with clear, visible signage. There is on street parking just around the corner from the business, enforcement of which is the responsibility of council parking wardens and there are several councils run off street car parks within easy walking distance.

Premises
Lobster Café occupies the ground floor of an inner terrace, period style building, is beautifully presented and briefly comprises;

• Window and partially glazed door to front creating a light, airy and inviting interior
• High ceilings
• Wood effect flooring
• Free WiFi
• Tongue and groove wood panelling to dado height
• Feature multi arm ceiling light
• Lovely intricate wall lights with stained glass shades
• Perimeter shelving
• Nice quality tables and chairs providing 10 covers
• Bespoke tongue and groove counter with complimentary light Oak worktop
• Polar glass fronted chiller
• Chalked menu boards

Open Plan Kitchen

• Moreno 4 gas burner cooker and oven beneath
• Extractor fan with stainless steel canopy
• Fluorescent lighting
• Butchers Block On castors
• Servis under counter fridge
• Beko undercounter fridge
• Phoenix glass fronted fridge
• Hanging untensil storage
• Coffee machine
• Coffee grinder
• 1 ½ bowl sink and drainer with Monobloc tap
• Light Oak effect worktop
• Freestanding pan storage

Tenure
We are advised that Lobster Café is being sold as a Leasehold business opportunity, the existing 10year lease has approximately 7 years remaining, and we are further advised that the landlord would be happy to negotiate a mutually acceptable Lease with a new owner.

The rent is £6260 Per Annum which is reasonable given the location of the premises.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday to Saturday 12pm to 4pm then 6pm to 10pm

Staff
The business is run and managed by our client with the help of two part time members of staff.

Financial Profile
Lobster Café generates and advised current turnover of circa £104,000 per annum.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04546
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