Business
Please quote reference B06869

CoGoGo are pleased to have been given the opportunity to manage the sale of a well-established Coffee Shop / Restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular, profitable and well used local business in an area teeming with customers.

There has been a food based business at this site for many years. The current owner has been running it for the last eight years and the business has been a real labour of love for her accruing an impressive number of regular customers and an unrivalled reputation.

This wonderful business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors need to concentrate on her other businesses, she is keen to see her beloved coffee shop cum restaurant pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

The business is a Mediterranean Restaurant which prides itself on its ability to whisk their customers off to sunnier climes with its authentic dishes. The business offers a varied menu with its meals being lovingly and carefully prepared on the premises using local ingredients and seasonal products wherever possible. A sample menu includes;

• Pittas
• Salads
• Loaded Fries
• Feta Sto Fourno
• Beef Stifado
• Moussaka
• Vegetarian Options
• Platter Boards
• Kids menus
• Desserts
• Wines Beers and Sprits
• Coffees, Teas and Soft Drinks
• Freshly baked Cakes including a Cake of the Day
• Gluten free options

The business is dog and family friendly, fully licensed and offers free Wi-Fi. The business is proud of its 5 star hygiene rating.

The sale will include the company website and Facebook and Instagram pages and the business enjoys great visibility on the internet along with impressive reviews such as;

“Food freshly cooked and OMG it tastes incredible”

“Fantastic Greek meal with the best of staff and hosts”

“Food is very fresh and tasty, staff very friendly, great service “

Scope to Improve

• Advertising and marketing campaign
• Upgrade the existing website perhaps adding a booking facility
• Introduce a customer loyalty card/ Scheme
• Explore online voucher discounters such as Wowcher, Groupon and Taste card
• Develop the outside catering side of the business

Reasons to Buy

• A well established business with an enviable reputation and many existing customers
• A real lifestyle business offering a lucky new owner the opportunity of living and working in this lovely sea side town
• Includes owners accommodation or immediate rental income
• Current owner happy to offer a handover to ensure the continued success
• Ideal owner managed or partnership business
• Little or no competition locally
• All fixtures and fittings included making this a real Turnkey business opportunity

Very rarely do restaurant businesses of this calibre come to the open market especially those including living accommodation so early enquiry is highly recommended. This lovely little business is likely to attract considerable interest.

Location
The business is located in Cumbria.

The business is ideally positioned in the centre of the town and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade along with regular custom.

The business is beautifully presented and maintained with clear visible signage and distinctive livery.

Premises
The business occupies generous premises arranged over two floors briefly comprising;

Restaurant/ Café

Windows and glazed double doors to front creating a light, airy and inviting interior with a pleasing upmarket feel, expensive looking wood effect flooring, LED spotlights enhance with pendant lighting, tongue and groove wood panelling to dado height, nice quality tables and chairs currently providing approximately 34 covers but room for more, velvet tub chairs with gold legs, leather effect tub chairs and low tables, multi fuel stove on marble effect plinth, feature wall papered walls, bar area with brick effect and timber work top, coffee machine and grinder, EPOS till system, bespoke shelving, freestanding glass cake and gateau display.

Cellar

Generous cellar, dry with power and light

Office

With space for desk, filing cabinet etc

Dry Goods / Freezer Room

Corridor

A useful corridor with shelving

Rear Room

Currently used for drinks storage

Store Room

 A further small room providing additional storage

Preparation Room

To the rear of the premises

Kitchen

Comprehensively equipped catering kitchen with access to;

Rear Yard

Providing a seating area for flat

Flat / Owners accommodation

Included in the lease is a self-contained flat with its own entrance comprising 2 bedrooms, shower room and open plan kitchen / living area. This could be used for owners / managers Iiving accommodation or could be rented out for approximately £695 per month. The flat offers holiday let or AirBnB potential which would maximise the lucrative rental income.

Tenure
We are advised the business is being sold on a Leasehold basis with 20 years remaining on the Lease, the rent is £1,477 per month.

Hours
The business trading hours are as followed:

Monday to Wednesday – 10:00am – 21:00pm

Thursday – 10:00am – 16:00pm

Friday & Saturday – 10:00am – 21:00pm

Sunday – Closed

Staff
The business is owner run and managed with the help of a full time chef, 2 part time chefs, 3 part time members of staff and casual staff as required.

Financial Profile
Further financial information can be made available upon request.

Please quote reference B06869