Coffee Shop & Licenced Bar Franchise Premium Advert

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Status
FOR SALE
Advert ID
196542
Reference
13870 G / RightBiz

Details

BUSINESS
Hilton Smythe welcomes to the market CCH coffee house and bar, which was established in December 2016. The owner who is the Head Franchisee for UK and ROI is looking to sell off the franchise of the business after setting it up and fully refurbishing the store to the value of £220,000.

To the ground floor you will find the coffee shop with seating for 50 people and further seating to the front for a further 6 more customers. There is a full coffee and hot drinks menu which is accompanied by cakes and muffins etc. There is also a food and drinks menu which includes all day breakfasts, sandwiches, paninis & ciabattas.

On the first floor there is a fully licenced bar with internal and external seating for a further 50 people. Food and hot drinks can also be ordered on the first floor along with a varied menu of alcoholic drinks. There is a covered and heated outside area which has a smoking area and can also be hired for events.

The customer base is extreme and varied, depending on the type of food or drink you are looking for with the ground floor having a demographic from families to retired couples and the first floor having a customer base of between 18 and 45.

Having been opened in December 2016 the head franchisee is now looking to sell the franchise.

The business can be found on Facebook and has 5-star reviews.

The owner has just started hiring out the first floor but has not advertised this, this could be a lucrative addition to the business.

Hilton Smythe highly advise early viewing to avoid disappointment.


LOCATION
CCH Coffee House and Bar is located on a main shopping street in central Northampton.

The busy main street is full of large brand stores such as H&M and Marks & Spencer, along with many travel shops, health food shops, banks and building societies and many other more local businesses. BBC radio Northampton is also based on Abington Street. Just off Abington Street is the Grosvenor Centre with brands such as Top shop, New Look, Boots and a WH Smiths.

There are several pay and display car parks nearby along with 30 additional free parking bays for up to 2 hours, dropping off points and 17 disabled parking bays.

Being Northampton’s main shopping street you will find several bus routes nearby.

PREMISES
CCH fronts the main road through Northampton, being Abington Street and has seating to the front for 6 paying customers.

On the ground floor is the main coffee shop with seating for 50 guests, two toilets and stairs leading to the first floor.

The service counter has cake display units and an open display drinks fridge. Behind the counter there are three under counter fridges, a dishwasher and two coffee machines.

This leads to the kitchen area where all paninis etc are freshly prepared. Here you will find a fridge a freezer, sink etc.

On the first floor is the bar with seating for around 25 people in booths and at tables. There are two toilets, stairs to the second floor and a door to the heated and covered outside area. The bar area has under counter fridges, coffee machine, dish washer.

On the second floor there is a store room and two offices.

The building has CCTV to all floors including over till CCTV. There is air conditioning throughout and three external heaters on the outside first floor space.

The premises has been completely refurbished to a high standard with bespoke corporate tables and seating.

TENURE
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 10 years from March 2016.
Rent: £45,000 per annum.
Business Rates £20,000 per annum.

HOURS
The business opening hours:
Monday- Thursday 8am – 8pm
Friday & Saturday: 8am – 11pm
Sunday: 9am – 7pm

There are no restrictions in the lease for the hours, therefore the hours could be extended if required.

STAFF
The business is run and managed by our client, with the help of 2 part time and 3 full time members of staff.

FINANCIAL PROFILE
Average monthly costs are currently circa £13,500 per month, the takings have grown since the start of the year by 47% and the owner foresees a monthly turnover of £20,000 by the end of 2017 and circa £30,000 by the middle of 2018.

EXTRA NOTES
As the new owner, you will be purchasing CCH at 67 abington street on a franchise basis.
The stock is included in the price.
Franchise costs are paid weekly on the takings at a total of 10%, 8% being franchise cost and 2 % being advertising and publicity fee to be for promoting the business by the master franchisee.
Listing Details
Leasehold Price: £275,000
Tenure: Leasehold
Sector: Bars, Nightclubs, Cafes
Key Features
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