Cafe for saleMarket Place, Braintree, Essex, CM7
182 sq. m.
- Business for sale
- 1,959 sq ft (182 sq m)
- REF 12588
Orange Tree is located in the town centre of Braintree, Essex.
The business is situated within a retail parade of stores in the town centre. This is a busy town with heavy amounts of footfall. There is a variation of stores making this an attractive shopping location. Behind the property is a Sainsbury's, the car park is a pay and display however, this is refundable if £5 is spent in the store.
Braintree has great public transport. There are many bus stops dotted around and there is a train station just a 5 minute walk away. There are also great roads in the area. The A120 runs around the town, this is an arterial road that connects to Chelmsford and Bury St Edmunds.
Hilton Smythe welcomes to the market Orange Tree. The business was originally established in 1970. Our clients first took over the café in 2013 but are now looking to sell due to the desire to focus on other business interests.
The business runs as a café and coffee house offering freshly made cakes, hot breakfasts, sandwiches, quiches, salads and a range of hot and cold drinks. There are daily specials advertised on the blackboard and the café also offer an excellent range of desserts. Our clients are currently growing the outside catering side which includes catering for local mason groups, Britain legion, other groups and funerals. This is an exceptional business that has an outstanding reputation that keeps building.
We are advised that the current turnover for the business is an advised £210,000 per annum with a gross profit of around 75%. We are advised that 10-20% of this turnover is from the outside catering side of the business. This is a fantastic turnover that could be increased. There are several ways in which the purchaser could look to boost the turnover which are as follows-
Open later hours/Add evening menu
Extend alcohol range
Develop terrace area as further seating
The business has a great online presence with a website www.orangetree.org.uk and an up to date Facebook page. This is a great way of advertising the business and should be something the new owner continues.
The sale comes with a fully trained team of 12. We are advised this is the only waitress service café in the town which allows this café to stand out from any competitors.
This is a fantastic café, boasting a healthy turnover, large premise with low rent and an excellent amount of repeat loyal trade. This would make a perfect business opportunity for any experienced café owner. Hilton Smythe highly advises early viewing.
The business is situated within a character property that looks presentable. There are large windows across the front which allow for a bright retail space. The property is well-signed and is clear to passing trade.
Inside the café you are presented with a well-laid out café area. The room is completed to a high standard. There is around 52 covers in an L-shaped sitting area around the counter. The counter is to the rear of the room, this is a bespoke counter that has counter top displays and a serve over glass chiller built in. Behind the counter is a shelving unit which stores syrups, cups and some equipment.
Through to the rear of the property is a storeroom, preparation area, dishwashing space and a ladies and gents toilets.
On the first floor there is a large commercial kitchen, roof terrace with access to the bin store and boiler room. There is also a second roof terrace that offer potential outside seating. On this floor there is also a staff toilet, utility room, manager's office, dry store room and a large walk in freezer.
Equipment included in the sale is as follows-
4 X Deck ovens
2 x Chiller cabinets
Chilled salad well
4 x Commercial microwaves
6 x Gas burner oven
2 x Dishwashers
4 x Coffee machines
6 x Fridges
There is a basement in this property which is used as storage. This is where plates, cutlery and catering equipment is kept. The room is fully shelved.
At the front of the property is seating area that is licenced for 26 people. There is also a rear yard area with provides a further 20 covers.
We are advised the business is being sold as a leasehold opportunity.
Original lease length: 15 years
Remaining lease length: over 11 years as of 2016.
Rent: £20,000 per annum
The business is opening hours-
Monday - Thursday: 11am - 11pm
Friday - Saturday: 11am - 1pm
Sunday: 11am - 8:30pm
The business is run and managed by our clients with the help of 13 members of staff.
The business generates a turnover in the region of £210,000 per annum.
Gross profit 75%
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