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Cafe for sale

Lumley Avenue, Skegness, Lincolnshire, PE25

Sold STC £32,995
116 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,248 sq ft (116 sq m)

Key features

  • REF 13228
  • LEASEHOLD
  • CAFE
  • Reasonable offers considered

Full description

Tenure: Leasehold

BUSINESS
Reasonable offers considered.

Hilton Smythe is delighted to welcome to the market this very popular café business, which is ideally located within the popular seaside town of Skegness, Lincolnshire.

The business was originally established in 2000 and has been in our client's careful ownership since 2011. Only now is the business being offered to the market due to our client's desire for semi-retirement. The business currently operates 7 days per week and generates a turnover in the region of £75,000 per annum, with a gross profit of approximately 70%, as per the 2016 accounts.

Our client offers a wide variety of fayre including full English breakfasts, burgers, Paninis, omelettes, main meals, hot & cold sandwiches, toasties and kids' meals, to name a few, as well as a good selection of hot and cold beverages. The property boasts 116 sq. metres of floor space, is very well maintained and decorated to a very high standard.

The business has built up an excellent reputation within the area for the very 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 hours and taking advantage of the early evening trade. A new owner could also embark on a small marketing campaign to highlight the excellent food offered. There is potential to add more cover to the first-floor café area, which could increase the turnover.

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


LOCATION
Christopher's Café & Tea Rooms occupies substantial two storey premises, ideally located within the town of Skegness in Lincolnshire. The property is situated with a mix of commercial and residential properties and benefits from a high volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises. The business is just a short walk away from the beach and amusement facilities.

Skegness is a popular seaside town in the East Lindley district of Lincolnshire. According to the 2011 census, the town has a residential population of 19,579. Skegness is the largest resort town on the Lincolnshire Coast and has been a premiere holiday destination for over a hundred years. The long and wide sandy beach has won the Blue Flag beach award several times for cleanliness.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Skegness railway station is just a short 5-minute walk away. The area is also well served by the A-roads, with both the A52 and A158 being within easy driving distance, which links to the national A-road and motorway networks. Mablethorpe is approximately 17½ miles away and Boston is 22 miles away.

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

Ground floor:

Café seating area with tables and chairs for 19 covers.

Serve over counter with coffee machine, coffee grinder, 2 x microwave ovens, 4 x under-counter refrigerators, under counter freezer, 4 x pot Bain-Marie, counter top display chiller cabinet, instant coffee machine, milk shake blender, shelving and work surface counter.

Pot wash area with double sink unit with drainer and stainless steel trolley with drawers.

Rear kitchen with double grill, double hob, counter top double deep fat fryer, 2 x Panini presses, toaster, electric oven, 2 x under counter refrigerators and an under counter freezer.

Stairs to first floor.

Split landing area with WC and freezer room, containing 2 x chest freezers, tall freezer, tall refrigerator and small freezer.

Top landing area with additional WC.

Top café area with 8 x covers and sofa seating area.

Spare room, currently used for storage, but has been used in the past for an additional 10 x covers.

External:

Enclosed area to front for an additional 24 x covers.

2 x allocated parking spaces to rear.

TENURE
We are advised Leasehold:

Original lease length: 3 years
Remaining lease length: 8 months, as of November 2016
Rent: £10,200 per annum

HOURS
The business is open:

Summer:

Monday - Saturday: 7.30am - 5.00pm
Sunday: 8.30am - 4.00pm

Winter:

Monday - Saturday: 8.00am - 3.00pm
Sunday: 8.30am - 3.00pm

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

FINANCIAL PROFILE
The business generates a turnover in the region of £75,000 per annum, with a gross profit of approximately 70%.



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