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Cafe for sale

Finkle Hill, LS25

Leasehold £69,950
68 sq. m.

Property Description

Commercial information

  • Business for sale
  • 731 sq ft (68 sq m)

Key features

  • REF 12453
  • LEASEHOLD BUSINESS
  • CAFE
  • STOCK INCLUDED IN PRICE

Full description

Tenure: Leasehold

LOCATION
Penny's is located in Sherburn in Elmet, North Yorkshire.

The café is in a beautiful little village on a busy main road with residential homes and other thriving businesses around. This includes a supermarket, pharmacy and barber shop. The business is in a prime location due to the heavy footfall and trade that is already in the area.

The closest public transport station is a 100 yards from the business. The town is also served by Sherburn-in-Elmet railway station and is a 5 minute drive from the business and this will take you directly to York train station. Leeds is approximately 18 miles away and is an easy commute using the great road connections, this includes the A1 motorway and A64. There is also South Milford train station which is also a 5 minute drive away and this will take you directly to Leeds train station.

BUSINESS
Hilton Smythe are delighted to welcome to the Penny's.

The business is very well known with residents as this is a friendly local café. The business has a very good reputation in the area and has been established from 2001. Our client has owned the cafe since but has now reluctantly decided to sell, due to other interests that they would like to pursue.

The business is completed with a Facebook page which our clients posts on daily with updated menus, pictures of fresh cakes and pastries and events. The business is a traditional café, coffee shop and deli which specialise in hot and cold food to either eat in or takeaway. The business has catered for parties and events in the past and this is a very good way to make the business more known.

The business is currently generating a healthy turnover of £98,000 per annum with a gross profit of 60% as per 2015 accounts. We feel the new owner could help improve this turnover by possibly extending opening hours to open on a Sunday. Starting a delivery service to the local residents and businesses, could boost repeat trade. Also for those customers who don't have social media, the new owner could launch a website to keep customers updated daily.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
The business premise is a single fronted, semi-detached property. The main entrance leads through to the café which has seating for around 24 covers. The property is well signed with a very artistic presentation of the business name. To the rear of the shop there is service area for sandwiches and behind that is also a preparation area for other foods.

Onsite toilet facilities.

Through to the back of the shop is the kitchen which comes fully equipped. There is also an entrance to the garden.

All fixtures and fittings are included in the sale:
• Tables
• Chairs
• Display Counter
• Bain Marie
• Griddle
• Drinks Fridge
• 3 Small Fridges
• Fridge Freezer
• Chest Freezer
• 3x Industrial Microwaves
• Industrial Cooker
• Fryer
• Slicer
• Water Boiler
• General Utensils
• Crockery
• Cutlery
TENURE
We are advised that the business is Leasehold
The original lease length is 6 years, there are currently over just 5 years left on the lease, as of 2016.
Rent £281 monthly.

HOURS
The business is open from:
Monday - Thursday: 8:00am - 2:30pm
Friday: 8:00am - 2:00pm
Saturday: 8:00am - 1:00pm
Sunday - Closed

STAFF
The business is currently run by our client with the help of 3 part time staff.

FINANCIAL PROFILE
The business reports an annual turnover of around £98,000 and has a gross profit of 60% as per 2015 accounts.


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