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THIS BUSINESS IS NOW UNDER OFFER

Well Established Coffee Shop

Dover, Kent
Leasehold Price:
£29,999
Status
UNDER OFFER
Advert ID
240011
Reference
B05110 / Rightbiz

Details

Business

Hilton Smythe is delighted to present to the market Coffee 2 Go, a much-loved coffee shop and cafe established in Dover in 2014 and due to the other business responsibilities of our client in London is now offered for sale. The business comes with very low annual rent and 0 rates payable.


The renowned business offers excellent coffee, fresh juices, speciality teas, cold drinks and smoothies and a full food menu which includes freshly made sandwiches, hot panini’s, cakes, pastries and croissants, hotdogs, freshly made crepes, waffles, soups, samosas, jacket potatoes, crisps, biscuits, fresh fruit and more.


Throughout the summer months, an Ice cream machine is positioned at the front of the shop adding a full soft ice cream menu including milk shakes.


We are advised the weekly turnover is split 50% food and 50% drinks.


The business currently holds an A1 licence but had been granted a temporary A3 licence to enable them to prepare hot food in the fully equipped rear kitchen. Any new owner could easily re apply for this to enable them to add a fully cooked breakfast menu, lunchtime specials menu and even an early evening Bistro menu.


The business is currently run to suit our client who spends very little time in the business, any new owner / manager could easily double the current turnover as well as reduce staffing costs by £25-£30,000.

The business attracts mainly local customers and visitors to Dover which more than doubles in the summer months from those travelling to and from the busy port. All trade is walk in only and there is endless opportunity to add delivery orders through delivery partners such as Just Eat which normally can quickly increase weekly turnover by 40%.


The business also operates Monday to Saturday only, adding both Sunday opening as well increasing the early evening trade would quickly increase sales levels. The business is allowed to open till 11pm which is not being utilised



Location

A highly prominent High Street Coffee Shop Opportunity situated within the heart of Dover’s bustling Town centre. 


Cannon Street runs directly through the centre of the town and this unit sits alongside other key retailers, cafes and banks as well as facing the historic St Mary's Church.


Dover is a famous coastal town in the South East of England within the largest county Kent. It is a major port for ferries to Calais and originally built to repel invasion from across the English Channel. The medieval Dover Castle overlooks the town and houses the extensive secret wartime tunnels. The iconic White Cliffs of Dover are symbolic safeguards at Britain's closest point to Continental Europe.


Dover is undergoing multi million pound investment, including a new retail and leisure scheme at St.James, new six screen Cineworld, Travelodge, offices and new homes. It is being targeted to have over 10,000 new homes by 2026. All of which will drastically increase footfall to this part of the town centre.


Nearest mainline station is Dover Priory, only 2 minutes’ walk away including the port and main bus station. There are also 2 large pay and display customer parks within 2 minutes’ walk from the store



Premises

Front External - pavement terrace are for 2 tables and 8 x chairs.


Internal - a long dining area offers comfortable dining for 35 covers.


L shaped service counter - includes a glass fronted table top heated cabinet with 7 compartments, 2 x microwaves, 2 x drinks blenders, fresh orange machine, 2 arm semi-automated coffee machine with grinder, range of glass cake stands, new epos till and card machine, new open sandwich / drinks chiller, stainless steel chiller, double panini grill, crew maker, hand wash sink, undercounter freezer, undercounter fridge, toaster, base and wall mounted storage shelves, wall mounted menu board, window display space.


CCTV system with 3 x cameras.


Rear storeroom - further prep sink unit, ice cream machine, drinks blender.


Customer toilet


Rear kitchen / storeroom - 2 x chest freezers, upright fridge/freezer, wall mounted shelving, convection oven, fan oven, electric double fryer, unused open chiller, glass fronted heated display cabinet.


Cellar storage (accessed by separate side entrance) - includes backup equipment and lots of storage space



Tenure

We are advised the business is being offered as a leasehold opportunity with 6 years remaining on a renewable 10-year lease paying just £7,000 per year.


The business benefits from full small business relief paying 0 rates in the current year.



Hours

Monday to Saturday - 8am to 5pm


Sunday - closed

Staff
The business is fully run by family of our client with 3 x part time staff who will not be included in the sale.

Financial Profile

Run to suit our client, the business generated a 2018 Turnover of £54,124 (previously £80-90,000) with a gross profit of £47,057 and an adjusted net profit of around £28,618.


The value placed on the business is mainly for the transferable assets and excellent lease terms.



Seller Details
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Listing Details
Leasehold Price: £29,999
Tenure: Leasehold
Location: Dover, Kent
Sector: Tea Rooms, Cafes, Take Aways Businesses
Financials
Annual Turnover: £54,124
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