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Cafe for sale

Newerne Street,Lydney,GL15

550 sq. m. | £95,000

Property Description

Commercial information

  • Business for sale
  • 5,920 sq ft (550 sq m)

Key features

  • LEASEHOLD
  • REF 3034

Full description

Tenure: Leasehold

LOCATION
Real Deal Pie & Cake Company is located in Lydney, Gloucestershire.

The business is situated in the regents walk shopping arcade. The shopping arcade is located on the main shopping street in the town; this allows for a generous amount of footfall and passing trade. There is a plethora of business in this area most being independent retail stores such as hair salons, cafes, clothing stores, convenience stores, pubs, restaurants and more.

This area is located close by to the A48 that runs from Gloucester and connects to the M48 at Chepstow. There is a bus stop close by to the business which has regular daily routes into the surrounding towns. There is also a train station just a 10 minute drive away.

BUSINESS
Hilton Smythe is delighted to welcome to the market Real Deal Pie & Cake Company. The business was established in 2010 by our clients who are now looking to sell the business due to health reasons.

The business runs as a coffee shop selling a great range of hot and cold drinks. They also sell snacks, cakes, panini's, sandwiches and more. The coffee shop boasts fantastic reviews on TripAdvisor which are great for trade and it also allows for custom from tourists. The business has a 5 star hygiene rating which is a great selling point as this maximises the amount of custom.

We believe the business has a healthy turnover which is available upon request. However there are many ways of increasing turnover. One way is to advertise and by setting up a small marketing campaign, this can be done by making use of free social media.

The coffee shop has been run at a steady pace to suit our client's needs and so the business has huge potential to boost income. There is scope to increase the opening hours; by opening the coffee shop as a bistro in the evenings there should be a greater increase in sales. The business is also closed on Sunday's and Monday's which would be great for trade.

There are other ways to increase the turnover such as-
Offer a delivery service
Develop the outside catering business
Introduce a loyalty scheme

This business truly is in a walk in trading position, the current owners have spent a lot of money making this café immaculate. This is a brilliant opportunity for an ambitious new owner looking to take the business next to the next level.

Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES
The business boasts a great premise in a busy shopping arcade. At the front of the shop is a seating area which is sectioned off by signed barriers. The seating area consists of two couches and tables with chairs.

The store is well maintained and is beautifully presented. There is a bright airy feel inside the shop which allows for a clean feel. In the main café area are several seating areas both couches for a relaxed feel and tables and chairs. There is a range of furnishings which adds a homely feel to the coffee shop. We feel the furniture makes the café feel up market and high end.

The serving area has serve over counters which display the fantastic food. Behind the counters is a bespoke shelving unit which has very recently been fitted at a cost of around £6,000.

Equipment includes-
Couches
Tables
Chairs
Cake display unit
Glass fronted drinks chillers
Ice cream freezer
Triple glass fronted dairy chiller
Menu boards
Coffee machine (regularly serviced)
Microwave
Grill
Panini machine
Free standing bespoke timber shelving unit
Toaster
Coffee grinder
Perimeter shelving
Till

The kitchen is comprehensively equipped and is immaculately presented. The kitchen is complete with tiled walls and stainless steel fixtures and fittings. The kitchen also comes fully equipped.
Equipment includes-
Stainless steel sink and drainer
Stainless steel preparation tables
Freestanding silver oven
Fridge freezer
Upright freezer
Microwave
Two milkshake machines
Kitchen aid food mixer
Steel perimeter shelving

There is a Renault Trafic van available on separate negotiation.

TENURE
We are advised the business is Leasehold.

Original lease length: 5 years
Remaining lease length: 5 years
Review period: 3 years
Rent: £800 per month

This is a new lease

HOURS
The business is open-

Monday: Closed
Tuesday - Saturday: 9am - 3pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 2 part time members of staff.

FINANCIAL PROFILE
Turnover available on request.

Map & Street View

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