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Cafe for sale

Station Road, Swanage, Dorset, BH19

Sold STC £75,000
28 sq. m.

Property Description

Commercial information

  • Business for sale
  • 301 sq ft (28 sq m)

Key features

  • REF 13210 I
  • LEASEHOLD
  • CAFE

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular coffee shop and salad bar business, which is ideally located within the town of Swanage, Dorset.

The business was established by our client in 2008 and is only now being offered to the market due to our client's change of personal circumstances. The business currently operates 7 days per week, generating an excellent turnover in the region of 44,000 as of the 2017 accounts, with a gross profit of 63%.

Our client offers a wide variety of fayre including hot and cold sandwiches, Panini's, salads, cakes including gluten and dairy free, sausage rolls and soup, to name a few, as well as a selection of hot and cold beverages.

The property boasts 28 sq. metres of floor space to the ground floor, with tables and chairs for 12 x covers, as well as a kitchen area to the rear. The first and second floors offer a two bedroom flat, which could be used as owners' accommodation, or let out to generate further income.

The business has built up an excellent reputation within the area for the very high quality of the food 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 small marketing campaign to highlight the excellent service offered or apply for an alcohol licence. We feel the business would benefit from the launch of a website to promote the business and goods offered.

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
Twist trading as Butterfingers occupies substantial three storey premises, ideally located within the bustling coastal town of Swanage in south east Dorset. The business is located on the very busy Station Road and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the immediate area.

Swanage is situated at the eastern end of the Isle of Purbeck. The town, which was originally a small port and fishing village, flourished in the Victorian era, when it became a significant quarrying port and later a seaside resort. It is still a popular tourist resort, with many thousands of visitors coming to the town during the peak summer season, drawn by the bay's sandy beaches and other attractions.

The area of the property is well-served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Wareham, which is approximately 11 miles away. The area is also well served by the A-roads, with the A351 being just a short drive away, which links to the national A-road and motorway networks. Poole is approximately 20 miles away and 24 miles away.

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

Ground floor:

Spacious sales a service area.
Tiled flooring.
L-shaped serve over glass display chiller cabinet.
Cake displays with glass domes.
Worktops with electronic cash register.
Menu boards.
Tables and chairs for 12 x covers.

Rear kitchen area with walk-in freezer.

First and second floors with:

Large lounge area.
Kitchen.
Bathroom.
2 x bedrooms.

Equipment included:

Walk-in freezer.
Double oven.
Two display refrigerated units.
Double refrigerator.
Coffee machine (leased).
Hot plate.
Tables and chairs.

TENURE
We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 18 month, as of October 2016 but the landlord has advised that he will renew the lease.

Rent: 12,700 per annum

HOURS
The business is open:

Monday - Sunday: 9.00am - 5.00pm

STAFF
The business is owner run and managed with one full time and one part time staff members.

FINANCIAL PROFILE
The business generated an excellent turnover in the region of 44,000 as of the 2017 accounts, with a gross profit of 63%.



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