This well-established coffee & cake shop occupies a convenient town centre location, including an excellent outdoor area, enjoyed by locals and tourists alike in the summer months. It is owned and run by a mother and daughter team and with the mother now wishing to retire, the team feel it is the right time to market the business for sale.
With A1 planning use, the shop caters for non-fry breakfasts and makes a range of sandwiches, wraps, bagels and salads for the lunch trade. In addition it specialises in homemade cakes and high quality hot drinks. Customers include local workers, people who live in central Warwick and tourists (particularly in the summer), with a backdrop of loyal regulars who patronize on a weekly/daily basis for both take-aways and sit-in items.
The shop layout consists of a front coffee shop area with a large counter, seating area and a window bar with additional seating. Outside at the front there is space for 6-8 tables with around 20 chairs (with an approved street license. There is also a kitchen area, some storage space and a single toilet. Finally, a large basement space extends under the neighbouring properties. Rent is £12k per annum.
The 2 owners manage the shop between them with the assistance of 3 to 5 additional part-time staff, depending on the time of year.
Pre-Covid, turnover was continuing on an upward curve, latterly generating £130,000 of sales, with a net profit of £30,000 plus other benefits. There are growth opportunities both in terms of opening hours, and extending the services offered.
The shop has been operating as a takeaway since May, and on 18 hours a week reduced hours. However with restrictions being relaxed the business will be able to return to pre-lockdown operations.
The Guide Price for assets and goodwill is £39,000. The owners will support a sensible handover period.
The business is being marketed by SellMySmallBusiness.co.uk and enquiries should be addressed to them. Please do not attempt to contact the vendors direct.