Cafe for sale

Gravel Street, Leicester, Leicestershire, LE1

Leasehold £187,700

Property Description

Commercial information

  • Business for sale

Key features

  • REF 12447
  • LEASEHOLD
  • CAFE

Full description

Tenure: Leasehold

LOCATION
The Bus Station Café occupies substantial ground floor premises in an ideal trading position within the main bus station in Leicester. The Business benefits from a very high volume of footfall and passing trade with access from both the bus station and from the street. The area of the business is surrounded by complimentary shops and businesses.

Leicester is a city in the East Midlands. The city lies on the River Soar and is at the edge of the National Forest. According to the 2011 census the population of the City of Leicester was circa 330,000, making it the most populous municipality in the East Midlands region. The business is situated close to the Haymarket Shopping Centre, which was opened in 1974 and was the first to be built in the city.

Leicester railway station is approximately one mile away. The area of the business is very well served by the A-roads, with the A594 being within close proximity to the property, which links to the national A-road and motorway networks. Loughborough is approximately 11½ miles away and Market Harborough is 16 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular café business, which is ideally located within the City of Leicester.

The business was established by our clients in 2002 and is only now being offered to the market due to our clients' desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £255,400 per annum, with a gross profit of approximately 67%.

Our clients' offer a variety of fayre including breakfasts, main meals, snacks, burgers, hot and cold sandwiches, jacket potatoes, omelettes and ice cream, to name a few, as well as a wide selection of hot and cold beverages. The property is very spacious and offers two café areas, one for the general public and the other is a drivers' café, which is frequented by bus station employees and tradesmen.

The business has built up an enviable reputation within the area for the very high quality of the food and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours of the café, as the business currently closes at 6.00pm, but the bus station operates until 11.00pm. A new owner could also embark on a modest marketing campaign to highlight the excellent food offered. There is also scope to offer an outside catering arm to the business.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this popular business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial premises housing two separate cafes, with their own service counters, both of which are services by one kitchen, briefly comprising:

Public café with:

Double entrance doors from inside the bus station and one from the street.
58 x covers.
Service counter.
Menu display boards.
Chiller unit for self-service sandwiches, pies and drinks.
Chilled serve over counter.
2 x electronic cash registers.
Ice cream freezer.
Coffee machine.
Urn.
Combi-oven.

Drivers canteen with:

Double entrance doors from inside bus station.
36 x covers.
Air conditioning.
Wall heater.
Menu display boards.
Games machine.
Service counter with electronic cash register.
Chilled serve-over unit.
Coffee machine.
Urn.
2 x upright drink chiller units.
Soft ice cream machine with sliding service window to street for ice cream sales.

Central commercial kitchen with:

Floor standing double deep fat fryer.
6 x pot Bain-Marie.
Large griddle.
2 x four slice toasters.
2 x commercial microwave ovens.
2 x upright refrigerators.
Double commercial sink.
Hand wash basin.
Extraction system and external vent fan.
Large chest freezer.

WC.
Stock room with 2 x chest freezers, small chest freezer, purpose built racking and shelving for stock.
Delivery goods-in room with single door access to street.
Indoor bin room with double doors to street.
Office with computer and CCTV with one camera.

The property is fully alarmed.

TENURE
We are advised Leasehold.
Original lease length: 25 years
Remaining lease length: 22 years
Review every: 5 years
Rent: £20,500 per annum

HOURS
The business is open:

Monday - Saturday: 7.00am - 6.00pm
Sunday: 9.00am - 6.00pm

STAFF
The business is owner run and managed with 2 x full time and 3 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £255,400 per annum, with a gross profit of approximately 67%.


Nearest stations

  • Leicester (0.6 mi)
  • South Wigston (4.0 mi)
  • Syston (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Leicester (0.6 mi)
  • South Wigston (4.0 mi)
  • Syston (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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