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Cafe for sale

Folly Lane, Petersfield, Hampshire, GU31

Sold STC £17,000
56 sq. m.

Property Description

Commercial information

  • Business for sale
  • 602 sq ft (56 sq m)

Key features

  • REF: 2658

Full description

Tenure: Leasehold

Hilton Smythe are delighted to welcome to the market Gyspy Kitchen. The business is a well-established café and fine dining business. Originally established in the 1980's under a different name, and taken over by our client in 2013 with a change of name the business has thrived in such a short time. The business is currently generating an advised turnover of £75,898 per annum with a gross profit of 71%.

With a trained chief on site, using locally sourced produce to create all their handmade products. The business is well known in the area, and has gained fabulous reviews on TripAdvisor for the great hospitality and amazing food. The business has a supper club Friday which sells out every week.

This business also caters for outside events, which generates a good chunk of revenue. The business would benefit from increasing opening hours and opening on Mondays. The business doesn't have an alcohol licence but can be arranged if required. Opening nights could open up to a larger customer base, and would increase profits.

Our client is now looking to sell the business due to other business ventures. This thriving business has been well established in such a small period of time. The business would certainly benefit from a determined and well-motivated new owner, to continue this fantastic business. I highly recommend viewing this fantastic opportunity.

Gyspy Kitchen is in the densely populated area of Petersfield, Hampshire.

Located at the end of a quaint side street, within the town centre close by to the main shopping centre. Shops include Waitrose, Marks and Spencers, Boots and many other large stores.

The town centre location means that the area is well served by public transport, with the nearest bus stop a 2 minute walk from the café. Petersfield train station is just a few minutes' walk away, there is a large amount of footfall and passing trade in the area.

Petersfield is a large town in Hampshire, and has a connecting road through to Portsmouth and central London.

Ground floor
Recessed white painted wooden door with Georgian barred glazing lead you into this charming café. Carpeted throughout with light grey short pile carpet. Brightly painted sunflower yellow walls blend beautifully with the white coving and ceiling, offset by the blue and white gingham table clothes.

Equipment included in the sale-
Marble effect counter tops with white cupboards doors.
1 x Beko branded grey under counter fridge.
1 x L'anna branded two handle coffee machine.
1 x IBERITAL branded electric coffee bean grinder.
1 x electronic unbranded till.
1 x glass fronted unbranded under counter chiller

To the back of this floor is a small pantry with a Samsung full height fridge, and a Beko branded under counter fridge and a freezer.

In the kitchen there is a lot of equipment-
Multiple stainless steel prep tables some with underside shelving.
1 x SAMSUNG CM1929 branded stainless steel catering microwave oven (1850w)
1 x BUFFALO branded stainless steel table top griddle unit
1 X BLUE SEAL branded stainless steel free standing turbofan 31 with matching BLUE SEAL quad ceramic plate hob unit.
1 x twin stainless teel free standing sink unit with right hand drainer.
1 x Diamond fast wash free standing stainless steel dishwasher.
1 x FRIGIDAIRE RL9102A branded under counter fridge.
1 x BEKO branded white under counter fridge.
Two stainless steel unbranded extractor units (wall mounted)

To the rear of the premises there is a staff/customer toilet.

Outside of the business is more seating for customers, however the back yard could also be used for Al fresco dining. The yard is currently used for outside events.

We are advised that the business is leasehold
New 10 year lease granted as of 2017.
Rent £8,700 per annum

Business opening times-

Monday: Closed
Tuesday-Saturday: 9am-5pm
Sunday: 9am-3pm

Supper club on Friday 6pm-9pm

The business is run and managed by our client with the help of 2 other members of staff.

We are advised the turnover for the business is around £75,898 per annum
With a gross profit of 71%

Map & Street View

Disclaimer - Property reference 2658J. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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