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Cafe for sale

Derbyshire

£170,000

Property Description

Full description

Tenure: Leasehold

SUPERB HIGH PROFIT CAFE, COFFEE SHOP & BAR - DERBYSHIRE
£122,471 pa at high margins with huge growth potential
Fully refurbished with quality owners accommodation
Well established and highly regarded business
Possible B&B and evening bistro (STPP)
Stunning location overlooking the river
Early viewing highly recommended
LEASEHOLD


Location

This superb café, coffee shop and bar is located on the North Parade over looking the river in the popular and thriving town of Matlock Bath. Matlock Bath is a bustling tourist destination hotspot in the county of Derbyshire with close links to the larger towns of Matlock, Bakewell and the city of Derby. The business is located in a prominent position close to the main car parks where many of the tourist coaches stop bringing large numbers of day trippers to the area and heavy footfall for the business. The town of Matlock Bath is the jewel in the county of Derbyshire offering stunning scenery, rolling rivers with a nature and walking paradise. Matlock Bath and the neighbouring towns have all of the main amenities coupled with quality educational and NHS facilities. Matlock Bath has strong road links with the M1 motorway and the A38 trunk road to both Matlock and the city of Derby.


Business History

Meridian Business Sales are delighted to offer to the market this well established and popular cafe, coffee shop and bar which has been in the careful hands of our client since 2007. It is now only being offered for sale due to our clients desire to pursue an overseas business opportunity. Since our client took over the business he has embarked on a full refurbishment program to all areas of the business culminating in a true walk-in and trade opportunity. Our client has continually developed and improved the business introducing new lines of income streams which has enhanced the business massively and in particular shows in the growth since 2007. Our client informs us that the annual turnover is currently £122,471 with a gross profit of £85,826 with still further growth potential. This is derived from the sale of tea and coffee plus a food menu of home cooked local produce to include specials on the day and a selection of sweets and the opening of the bar from 9am to 9pm. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat business. The prime location of the business would also lend itself to open in the evenings offering a bistro style menu plus the possible extra of offering B&B rooms as the area has a shortage of these facilities, thus would be a definite hit with the large numbers of tourists who visit the area on an all year round basis. Meridian Business Sales recommend early viewing on this business to fully appreciate the quality and scope for future growth.


Financial Profile & Tenure

Turnover: £122,471pa, Gross profit: 70%
Stock approximately: £3,000

Leasehold - Original length: 16 years
Remaining: 15 years, Review: 3 years
Rent: £25,000pa


Opening Hours

Café - Monday - Sunday: 9:00am - 6:00pm
Bar - Monday - Sunday: 9:00am - 9:00pm


Accommodation

Large three storey Victorian property with ground floor cafe, coffee shop and bar with two floors of owner's accommodation.

GROUND FLOOR - Main entrance leading to:- Sales desk with glass fronted chilled display counter for fresh sweets and cakes. Main open plan café with double aspect windows, high quality tables and chairs for 30 plus covers overlooking the river, fully ceramic tiled throughout, archway that leads to a second open plan area with a further 20 plus covers for daytime trade plus evening bistro option. Fully fitted commercial kitchen briefly comprising:- Wash down floors and stainless steel to the walls, 1 x stainless steel upright fridge, 3 x further stainless steel under counter fridges, stainless steel preperation tables, 2 x deep fat fryers, 1 x pancho style griddle, various commercial microwaves, commercial grade dishwasher, stainless steel overhead extraction unit, 6 burner commercial range. Separate entrance to the bar, open plan area with wooden flooring, leather sofas, occasional tables, bar stools, fully equipped bar with glass fronted fridges and beer dispensers, coffee machines, electronic cash register, wall art and rear door to kitchen.

FIRST FLOOR - All first and second floor rooms have views of the river. Large landing leading to: 1 x large lounge with original fireplace, quality carpets and dining area with table and six chairs, 1 x fully equipped kitchen with base and wall units, 1 x utility room, 1 x office and staircase to second floor.

SECOND FLOOR - 1 x family bathroom with three piece suite and shower, 1 x separate toilet, 3 x double bedrooms, 1 x master bedroom suite, this floor would be ideal for bed and breakfast use. (STPP)

EXTERNAL - Rear yard area with marquee tables and chairs plus bbq. Tables and chairs to the front overlooking the river.



Street View

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