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Cafe for sale

King Edward Street, Hull, East Riding Of Yorkshire, HU1

Fixed Price £99,500

Property Description

Commercial information

  • Business for sale

Key features

  • Impressive city centre coffee shop
  • Weekly takings £4,500 (under management), genuine growth potential
  • Prime position, amongst major multiple outlets, 100 covers plus al-fresco seating
  • Immaculately appointed throughout, valuable equipment, viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a thriving and lucrative coffee shop, which is situated within the bustling and popular city of Hull in East Yorkshire.

Hull is a vibrant city which has benefited from significant levels of regeneration and investment over recent years, with the construction of new dwellings and the creation of additional shopping and leisure facilities, as well as also being selected as UK City of Culture for 2017.

Heaven Independent Café occupies a prime location at the heart of the city centre on a busy pedestrianised thoroughfare, amongst an abundance of well known major multiple retail outlets, high street banks and food outlets ensuring the area is a hive of activity from the large number of shoppers, workers, students and day trippers who frequent the city on a daily basis.

Since trading commenced in 2014, this well known business has earned an excellent reputation with positive reviews and feedback, ensuring the business boasts an extensive and loyal customer base attracting both regular repeat and passing trade.

The imposing and highly visible double fronted three storey premises provides spacious and versatile business accommodation which is immaculately fitted with many original features, tasteful contemporary décor and quality furniture creating a relaxed and welcoming environment. The business is superbly fitted throughout a selection of good quality furniture and a comprehensive range of valuable, modern catering equipment which has been well maintained.

The business is successful and lucrative yet is operated with a management team in place and would therefore represent an ideal investment for an ambitious and energetic family unit who can continue to drive the business forward, which will undoubtedly increase the already impressive weekly sales, whilst enabling additional staffing levels to be reduced therefore enhancing overall profitability.

To fully appreciate this superb business opportunity, viewing is highly recommended to avoid disappointment.

WEEKLY TAKINGS
£4,000 - £5,000 approximately.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Saturday 07:30 - 18:30
Sunday 09:30 - 17:00

STAFF
Operated under management with 4 full & 4 part time members of staff.

PROPERTY
The highly visible and imposing double fronted three storey shop premises offers deceptively spacious and versatile lock up business accommodation.

RESTAURANT AND BAR AREAS
The spacious open plan seating areas are light and airy with original features and contemporary décor creating a relaxed and welcoming environment. The lounge areas are located across 2 floors of the building offering 100 covers with a range of excellent quality furniture and fitments. The business is fitted to a high standard throughout with a comprehensive range of valuable equipment which has been well maintained.

There are ample toilet and storage facilities with a basement. To the second floor of the property there is an office and 2 toilets. Externally there is a patio area which can seat up to 40 people and is extremely popular especially during the warmer months.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a 10 year lease which commenced in 2014. The annual rent is £35,000 exclusive (correct as advised on 03/12/15). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is a first class opportunity to purchase a well known and lucrative business occupying such a prime city centre trading position. To avoid disappointment, viewing is highly recommended.

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