Cafe for sale

Cafe Fika, Tolbooth Street, Forres, Morayshire, IV36

Offers Over £99,000

Property Description

Commercial information

  • Business for sale

Full description

DESCRIPTION
Café Fika is a most attractive business set within the town centre of Forres. The business is set to the ground floor only with entry from street level. Situated within a two storey property, with residential units to the first floor, the business does not have owner's accommodation. The property is of stone construction dating from 1904 and reflects its origins with some original features including stained-glass windows. The property is situated within a conservation area of Forres but the property is not listed. This well-presented business reflects the intelligent investment of the vendors who have completely re-fitted out the café replacing all fixtures and fittings with modern facilities throughout. In addition to the practical appliances, they have also shown a great deal of sound judgement in the selection of décor and furnishings. The Café extends in total to around 42m2 and the present operators have made sound use of every available space. In keeping with their trading ethos they have stripped the floors back to their original wood boards. This coupled with the attractive counter and feature furniture makes Café Fika a destination venue. The service kitchen is compact and is well-appointed with a good range of modern equipment. The multi-sex W.C. is modern and fresh.

The current owners bought the property in February 2013 and after a period of restructuring and renovation opened for trade in February 2014. It is due to the vendors desire to retire from the hospitality sector and focus on a new direction that brings this desirable business to the market.

TRADE
Tolbooth Street is a major road off the High Street of Forres which benefits from a good level of passing trade. The Café is situated within an area where there are a number of retail and service industry units. Café Fika operates with a trading ethos based around quality produce and coffees with an emphasis on home baking. The current fayre is of a high standard but menu choices are restricted; this is an area where new owners could expand the appeal of the business.

The business trades profitably but has the scope to increase income and thereby profitability. With its regular core of local customers who are drawn from both the business community and residents of this charming town, the Café is a year-round operation. During the tourist season there is an influx of tourists to the Town which also adds to the trading income. The current owners trade the business on a leisurely basis enabling them to prioritise their family commitments. Presently, they trade 4 days per week, notably not opening weekends. Opening hours are from 08:45 to 16:30. In addition to the restricted trading days, the business is also closed for up to 5 weeks each year to provide for family holidays. The business does not currently have a website nor do the owners undertake any active marketing of their business; both of these aspects offer new owners scope to increase the profile of the business. A further business development idea would be to expand the menu and provide an evening service.

LOCATION
Situated in the Highland town of Forres close to the Moray Firth coast, Café Fika enjoys a sound operating location on one of the main thoroughfares of this ever-popular town. Forres is a charming town situated on the rural Moray Coast with a rising population of circa 12,000 but which attracts many visitors during the main season who utilise the numerous holiday lets, B&Bs, caravan sites and hotels in the area. Forres is situated on the A96 about 27 miles east of the Highland capital, Inverness. The town's impressive parks and gardens with outstanding floral sculptures have led to many awards from the prestigious Britain and Scotland in Bloom competitions. Forres is a great location for tourists to base themselves as there is plenty to explore and the surrounding area has something for everyone's taste; historical monuments, museums, castles, visitor centres, malt whisky distilleries (The Benromach and the Dallas Dhu), miles of white sandy beaches, Moray Firth dolphins, quaint coastal villages such as Findhorn, river side & forest walks, great Scottish golf courses, sailing, skiing, cycling, salmon fishing, horse riding, and some of the most scenic views and stunning countryside in Scotland.

THE PROPERTY
An attractive and well-presented Café with an excellent and attractive facade in a prominent location. The business operation is laid out over a ground floor unit with entry at street-level. Dating from around 1904, the building is of stone construction under pitched slate roof. Parking is set within the town centre carpark to the rear of the Café.

PUBLIC / SERVICE AREAS
Customer entry to the public areas is through a single door at street level leading into the trading area. The Café extends to around 33m2 and is set to free-standing tables and chairs comfortably seating 16 covers with the potential to offer additional if desired. The compact servery is located to the left side of the customer area. With modern lighting the Cafe exudes a charm which is complemented by the exposed wooden flooring. There is an excellent quality washroom. The food preparation area is a modern, well-fitted out unit which is fully environmental health compliant. The kitchen, though compact, is highly functional.

SERVICES
The Café benefits from mains electricity, gas, water and drainage. There is electric panel heating within the Cafe.

RATES
The business has a rateable value of £2,800 with rates poundage at 48.4p in the pound. However Café Fika attracts a 100% small business rates relief discount for qualifying applicants.

TRADE
Accounting information will be made available to seriously interested parties subsequent to viewing.

PRICE
Offers Over £99,000 are invited for the freehold interest complete with goodwill and trade contents (according to inventory). Stock at valuation.

EPC RATING
The property has an energy rating of band 'G'

More information from this agent

Nearest station

  • Forres (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

York House, 20 Church Street, Inverness, IV1 1ED

01463 568016 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

  • Forres (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

York House, 20 Church Street, Inverness, IV1 1ED

01463 568016 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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