Hilton Smythe are delighted to present to the market Pierre Loti Cafe, a highly renowned cafe business established by our client over 3 years ago who is now looking to sell to now relocate back to London.
The A3 Licenced cafe has been totally transformed by our client over the last 3 years and comes with the added bonus of having 3 x separate flats to the first and second floors which can be easily rented out to achieve an additional income of approximately £25,000 per year.
Our client admits the business is now run to suit him and his family and only operates a daytime cafe menu from walk in customers only. The menu offers a very large choice of set breakfasts, all day breakfasts including vegetarian options, breakfast items on toast, sandwiches, rolls and baguettes, toasted paninis, English lunchtime specials, a large Turkish lunchtime and evening restaurant menu, salads, children's menu, desserts, soft drinks. They serve 1 of the town's best bean to cup coffee menu as well as a large selection of bottled lagers, ciders and wine by the glass.
There are many areas the business can be improved upon, this includes -
- Adding an evening Bistro / Restaurant
- Adding local deliveries through delivery partners such as Just Eat
- Adding a new website, Facebook and Instagram page to promote the daytime and evening business
- Adding an outside catering side, there is a large office / kitchen area to the rear with separate access which would make an ideal space to prepare buffets etc.
- Adding more private parties, small wedding functions and set priced evening dinner menus to the midweek evenings
- Adding a new kitchen to the rear unused office space and extending the current Restaurant dining space bar area
Pierre Loti Cafe occupies a prominent corner trading position along Upper Grosvenor Road and Dynevor Road in Tunbridge Wells, Kent.
Upper Grosvenor Road is a busy link road into the centre of Tunbridge wells historic Towncentre and is therefore an extremely sought after residential area as well hub for independent retailers, cafes and bakeries. There are several popular schools including St. John’s Church of England School, as well as several new industrial estates including Haslemere High Brooms Industrial estate and Southfields Park.
Royal Tunbridge Wells, previously know just Tunbridge Wells is 1 of Kent’s most desirable towns, positioned on the border of Western Kent and East Sussex. It is famous for its array of Georgian properties, beautiful parks and choice of shops/ restaurants.
The renowned cafe business is also just 2 mins from the A26 which connects visitors to East Sussex and Brighton and the A21, the newly improved fast link from Tunbridge Wells to London which is only 41 miles away.
The business benefits from free parking on Dynevor Rd and is 2 mins walk from High Brooms mainline stationPremises
Front External - large patio are to front and left side of the building with approximately 50 covers, the terrace is protected by bespoke railing with attractive planters with shrubs and flowers.
Internal Dining area - decorated with a strong Mediterranean theme with exposed brick walls, exposed wood beams, hanging lighting with rope, 2 x wall mounted TV’s, 4 x contemporary grey radiators, solid dark wood tables and chairs. There are double French doors as well as full length bi folding doors to the left side. This area can easily accommodate 44 covers.
Bar servery - solid wood in construction with a triple glass fronted drinks chiller, 3 x arm semi-automated coffee machine and grinder, till and card machine, drinks blender, prep sink, wall mounted spirit shelving
Side entrance from left hand terrace area
Open plan kitchen - includes large extraction unit, griddle, triple widths stainless steel prep fridge, double sink unit, large dishwasher, panini grill, microwave, 2 x pan Bain Marie, charcoal grill, fridge, 4 x burner gas oven.
2 x customer toilets
Covered outside storeroom with chest freezer, 2 x upright freezers, 2 x storage racks
Rear stockroom - includes double upright freezer, chest freezer, fridge and prep table
Owners office/backup storeroom or kitchen
First floor (accessed by private side entrance)/ Owners accommodation or rental accommodation - 1 x bedroom modern flat (currently be used by our client) and rented studio flat
Second Floor - 1 x bedroomed modern flat (rented out)Tenure
Our client will offer any new buyer a new 20 year lease on the entire 3 storey building with a new combined rent of £43,000. The business benefits from full small business relief paying zero in the current year.Hours
The business is run to suit our client, operating a daytime opening schedule only, the business comes with a full Alcohol licence until 11pm each day and relaunching an evening Bistro / Restaurant menu would benefit the business instantly.Staff
MONDAY TO SATURDAY - 7am to 4pm
SUNDAY - 8am to 4pm
The business is run and managed by our client with the help of 1 x Fulltime and 1 Part Time member of the teamFinancial Profile
The business enjoys an annual turnover in 2018 of approxtely £200,000 with adjusted net profit of around £40-50,000. Current rental income achieves £16,200 per year however if the owner’s accommodation is to be included then this rental yield could increase to £25,200 per year,