Cafe for sale

George Street, Nuneaton, Warwickshire, CV11

Leasehold 73 sq. m. | £34,950

Property Description

Commercial information

  • Business for sale
  • 785 sq ft (73 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • REF 12540
  • LEASEHOLD BUSINESS

Full description

Tenure: Leasehold

LOCATION
The Village Pantry is located in Attleborough, Nuneaton, Warwickshire.

The business is situated outside a busy shopping centre alongside complimentary businesses. This is a busy shopping location as there is a plethora of retail stores around. The café is directly facing a Co-op supermarket and is close by to a large car park. There is also free on street parking just 1 minute away.

The business is situated just off an arterial road that runs through the town. The A4254 runs from the A444 to the A47; these roads head directly into Nuneaton. There are also great public transport links around such as the Nuneaton train station which is a short drive away. In the area there are bus stops dotted around within a minutes' walk from the cafe.

BUSINESS
Hilton Smythe welcomes to the market The Village Pantry. The business was originally established around 15 years ago. This is a well-established café that has an enviable reputation. The owner has run the business since 2010 but is now looking to sell due to the desire to focus on other business opportunities.

The business runs as a traditional town café selling a fantastic range of delicious foods to eat-in or takeaway. They serve breakfasts, lunches, snacks and teas and coffees. They sell foods such as sandwiches, jacket potatoes and hot breakfasts. They also offer specials such as scampi, lasagne and faggots.

The café generates an advised turnover of around £79,000 per annum with a gross profit of 45%. This is a great turnover that could be increased in several ways.

Some ways we feel turnover could be increased would be to-
Maximise the use of social media
Develop a website
Offer deliveries to local industrial estates
Consider Just eat or Hungry House

This is a great opportunity as there is low running costs and little competition around. The café is in a walk-in trading position and would be a perfect opportunity for a first time buyer. Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES
The business is set within a single storey property. The front is well-signed with large signage above the door. There is also a window, which allows for a bright retail area. The window promotes special offers.

The café is spacious and looks presentable. There is seating at the entrance for around 34 covers. The service area is to the rear of the room, this is a large glass serve over chiller with counter to the side. Behind the counter is a preparation area with coffee machine. There is also some microwaves and an extractor fan.

Equipment included in the sale is as follows-
Glass fronted and refrigerated serve over counter
Breakfast bar area
Till
Full extraction system with stainless steel splash-back
4 pot Bain Marie
Grill
2 griddles
Deep fat fryer
Lincat urn
Industrial stainless steel oven
Twin electric hob
2 x microwave ovens
Stainless steel preparation tables
Coffee machine
Range of white melamine base and wall units with marble effect worktop
Stainless steel sink
Hand wash basin
Free standing drawer unit
Panini maker

Through to the rear is a dry goods store, this is a generous size. There is a stainless steel sink and drainer fitter. Equipment includes fridge freezer and storage units. There is also a WC.

The premise is secured with two manually operated security shutters to the front and a small secure yard to the rear.

TENURE
We are advised the business is being sold as a leasehold opportunity.
Original lease length: 8 years as of 2016.
Remaining lease length: 6 years
Rent: £8,500 per annum

HOURS
The business is opening hours-

Monday - Thursday: 8:30am - 2pm
Friday & Saturday: 7:30am - 2pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of one full time manager and 2 part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £79,000 per annum.
Gross profit 45%


Nearest stations

  • Nuneaton (1.0 mi)
  • Bedworth (2.4 mi)
  • Hinckley (3.8 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

  • Nuneaton (1.0 mi)
  • Bedworth (2.4 mi)
  • Hinckley (3.8 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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