Cafe for sale

Lower Street, Kettering, Northamptonshire, NN16

66 sq. m. | £29,700

Property Description

Commercial information

  • Business for sale
  • 710 sq ft (66 sq m)

Key features

  • REF: 2839
  • LEASEHOLD

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy coffee shop in Kettering, Northamptonshire.

The business was established in 2001 and has been in our client's careful ownership since 2009. Only now is the business being offered to the market due to our client's desire for semi-retirement. The business operates 6 days per week and generates a turnover in the region of 61,000 per annum, with a gross profit of approximately 51%.

Our client offers a variety of fayre including hot and cold sandwiches, baguettes, Panini's and baked potatoes with various fillings, as well as a large selection of hot and cold beverages. The coffee shop has built up an enviable reputation within the area for the high quality of the goods and service 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. A new owner could also embark on a modest marketing campaign to highlight the food and service offered. The business could also launch a website for the coffee shop.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.


LOCATION
The Coffee Place occupies substantial ground floor premises, ideally located within the centre of the town of Kettering, Northamptonshire. The business is situated within a parade of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The coffee shop further benefits from good car parking facilities within the area, with a public car park to the rear of the property.

Kettering is a town in Northamptonshire and is mainly situated on the west side of the River Ise, a tributary of the River Nene, which meets at Wellingborough. According to the 2001 census, the town had a residential population of 51.063. Kettering is a popular place in which to live and work, due to its fast InterCity trains into London St Pancras, which takes approximately 1 hour.

The area of the business is well served by the public transport system, with bus stops within easy walk of the property. Kettering North Railway Station is just over half a mile away. The area is also well served by the A-roads, with both the A14 and A43 being within easy driving distance, which link to the national A-road and motorway networks. Wellingborough is approximately 9 miles away and Northampton is 15 miles away.

PREMISES
Substantial ground floor premises in a prime trading location, briefly comprising:

Main sales and display area with:

Seating area with 40 x covers.
Open chiller unit.
Upright Coca Cola refrigerator.
Refrigerated serve over counter with under storage and electronic cash register.

To rear of counter:

Coffee machine and grinder.
Lincat oven.
2 x Panini presses.
Chest freezer.
Under-counter refrigerator.
5 x storage cupboards.
Hand wash basin.

WCs.
Small stock room.

Rear kitchen with:

Upright refrigerator.
Upright freezer.
2 x microwave ovens.
Toaster.
Dishwasher.
Worktops with under storage.
Wall storage units.

External:

Bin area, outside cupboard for utilities and storage.
Seating area to front with 10 x covers.

TENURE
We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 6 months
Review every: 5 years
Rent: 12,500 per annum

HOURS
The business is open:

Monday - Saturday: 9.00am - 4.00pm
Sunday: Closed

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

FINANCIAL PROFILE
The business generates a turnover in the region of 61,000 per annum, with a gross profit of approximately 51%.


Nearest station

  • Kettering (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 station

  • Kettering (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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