Cafe for sale

Pride Hill Mall, Pride Hill Centre, Shrewsbury, Shropshire, SY1

30 sq. m. | £122,995

Property Description

Commercial information

  • Business for sale
  • 322 sq ft (30 sq m)

Key features

  • ref: 2322
  • LEASEHOLD

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular café business, which is ideally located in a busy shopping centre within Shrewsbury, Shropshire. The business was established by our client in 2007 and is only now offered to the market due to our client`s desire for a change of career and family commitments. The business operates 7 days per week and generates a turnover in the region of £214,554 per annum, with a gross profit of approximately 43%.

Our client offers a wide variety of high quality, home-made produce including full breakfasts, Panini's, baguettes, salads, soups, desserts and speciality hot and cold beverages. The business has built up an enviable reputation within the area for the high quality of the fayre offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals. The premises boast a well-equipped kitchen and preparation area and cafe with five tables internally and a further 17 tables externally.

We feel there is scope to increase the turnover by extending the opening hours of the business, as well as expanding the range of cuisine offered. A new owner could also embark on a small marketing campaign to highlight the business and services offered and perhaps offer a local delivery service. This is an excellent opportunity for a new owner to take this already thriving and busy café business to the next level; therefore early viewing must come highly recommended.


LOCATION
Café Milano occupies ground floor, lock-up premises, ideally located in the busy Pride Hill Shopping Centre within Shrewsbury in Shropshire. The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall. The business further benefits from good parking facilities within the area.

Pride Hill Shopping Centre is connected the Darwin Shopping Centre via a walkway. Shrewsbury is the county town of Shropshire in the West Midlands and is located on the River Severn. The town has a residential population of approximately 72,000, making it the second largest town in Shropshire after Telford.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Shrewsbury Railway Station is approximately 10 minutes` walk away. The area is also well served by the A-roads, with the A5191 being in close proximity to the business, which links to the vast A-road and motorway networks. Wolverhampton is approximately 33 miles away and Stoke-on-Trent is 37 miles away.

PREMISES
Ground floor premises, located within a busy shopping centre, briefly comprising:

Wood effect flooring.
Glass serve over chiller unit.
Menu boards.
5 x internal tables and chairs.
Double upright chiller unit.
Turbofan oven.
Stainless steel refrigerator.
Storage units.
2 x microwave ovens.
Toaster.
Bain-Marie.
Griddle.
Panini press.

External:

Large seating area.
17 x tables and chairs.

TENURE
We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 3 years
Review every: 3 years
Rent: £1,900 per month, which includes rates and service charges.

HOURS
The business is open:

Monday - Saturday: 8.00am - 4.30pm
Sunday: 11.00am - 3.00pm

STAFF
The business is owner run and managed with 5 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £214,554 per annum, with a gross profit of approximately 43%.


Nearest station

  • Shrewsbury (0.3 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 299002 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 station

  • Shrewsbury (0.3 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 299002 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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