Cafe for sale

Olive Street, Sunderland, Tyne And Wear, SR1

103 sq. m. | £29,500

Property Description

Commercial information

  • Business for sale
  • 1,108 sq ft (103 sq m)
  • Use class orders: A3 Restaurants and Cafes

Full description

Tenure: Leasehold

Ref: 12613

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular café business, which is ideally located within the city centre of Sunderland, Tyne & Wear.

The business is priced under value for a genuine, quick sale.

The business was originally established in 2011 and has been in our client's careful ownership since 2013. Only now is the business being offered to the market due to our client's desire to travel. The business currently operates 6 days per week and generates a turnover in the region of £66,000 per annum, with a gross profit of approximately 65%.

Our client offers a wide variety of fayre including all day breakfasts, burgers, hot & cold sandwiches, Panini's, salads and kids' meals, to name a few, as well as a large selection of hot & cold beverages, including speciality drinks and Superfood smoothies. Our client also offers outside catering for small parties, buffets and business lunches, as well as catering for picnics between July and August.

The property boasts 103 sq. metres of floor space, is very well maintained and fitted out to suit the trade. To the ground floor is the main café with 30 covers. The first floor offers the main kitchen and an office, while the second floor is currently being used for storage.

The business has built up an enviable reputation within the area for the 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 hour, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered. The business already has a very informative website in place to promote the business at www.cafeeighteen.co.uk.

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


LOCATION
Café Eighteen occupies substantial three storey premises, ideally located within the city of Sunderland in Tyne & Wear. The business is situated within the city centre and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area. We are advised that student accommodation is being constructed nearby, which will house approximately 1,000 students.

Sunderland is a vibrant city in Tyne & Wear, North East England, situated at the mouth of the River Wear. There has been an array of new developments across the city, from the renovation of the old Fire Station and the regeneration of the new Music, Arts and Culture Quarter. According to the 2011 census, the city had a residential population of 174,286.

The area of the business is very well served by the public transport system, with the main bus station being just a minutes' walk away. Park Lane metro station is also situated alongside the bus station and Sunderland railway station is less than 10 minutes' walk away. The area is also well served by the A-roads, with the A690, A1231 and A1018 all being within easy driving distance, which link to the national A-road and motorway networks. South Shields is approximately 9 miles away and Newcastle upon Tyne is 15 miles away.

PREMISES
Substantial three storey premises, in an ideal trading location, briefly comprising:

Ground floor:

Main entrance from street.
Open plan café with seating for up to 30 covers.
Serve over counter with electronic cash register.
Access to WC on the left hand side.

First floor:

Large office.
Large kitchen with perimeter workbenches and central workstation.

Second floor:

Currently used for storage, but could be used as an office, allowing the current office to be developed into further seating or an expanded kitchen.

External:

Gravelled garden with seating for 20 covers, this area is a sun trap in the summer months.

Equipment included:

Coffee machine.
Refrigerated display unit.
Oven.
2 x microwave ovens.
4 x burner cooker.
Double deep fat fryer.
Panini press.
2 x freezers.
Refrigerators.
Large Bain Marie.
General pots, pans and kitchen equipment.
All internal and external tables and chairs.

TENURE
We are advised Leasehold:

Original lease length: 8 years
Remaining lease length: 8 years
Rent: £1,100 per month

HOURS
The business is open:

Monday - Saturday: 10.00am - 4.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 2 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £66,000 per annum, with a gross profit of approximately 65%.

Nearest stations

  • Park Lane (0.1 mi)
  • Sunderland (0.3 mi)
  • University (0.5 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

  • Park Lane (0.1 mi)
  • Sunderland (0.3 mi)
  • University (0.5 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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