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Coffee & Wine Bar

Hemel Hempstead, Hertfordshire
Leasehold Price:
£49,995
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Status
FOR SALE
Advert ID
243522
Reference
B05257 / Rightbiz

Details

Business
Hilton Smythe are delighted to present to the market coffee & wine, established by our clients in June 2017 and now offered for sale as the success of the business is taking too much time from their wider business. Sales are already 20% up on the previous accounting year!

The perfectly formed coffee shop and wine retailer has become a community hub due to a combination of feedback-based development and strong local partnerships, which has resulted in both increased sales and the potential for lots more.

The business has built a strong social media presence across Instagram and Facebook, which are helping to drive new customers from further afield. Customers travel from surrounding towns to purchase the speciality coffee, eclectic wines and pastries, all sourced from small independent producers.

The customer base is a mixture of Boxmoor locals, new affluent families moving to the area and those who want the experience of a London coffee shop and wine retailer on their doorsteps.

Our clients recently introduced a new exciting range of baked products from The Bakehouse based locally in Apsley, an artisan independent bakery business producing croissants, cruffins, Danish pastries, brownies, tarts, cakes, savoury delicacies and more! Many of the products are gluten free or vegan, which fits perfectly into the ethos of coffee & wine.

Coffee add-on sales could also be increased through introducing more savoury options. There is high demand for sourdough pizzas in this area and introducing a new pizza oven could potentially add a further 20% to current turnover levels. Introducing cold choices such as summer salads or seasonal confectionery lines would also benefit the business.

Our clients have hosted several wine tasting evenings for groups of up to 12 and have identified a huge gap in the market for people seeking advice and education on wine in the Boxmoor and Hemel Hempstead area. This part of the business could be grown with more regular events to drive wine sales.

There is an alcohol licence for both on and off sales in place for daytimes from Sunday to Thursday, and later evenings until 11pm on Fridays and Saturdays.

Both Instagram (https://www.instagram.com/coffeeandwineboxmoor/) and Facebook https://www.facebook.com/coffeeandwineboxmoor/) social media accounts will be included as part of the sale. These are key communications channels with the local community and supporters further afield.

Full business handover to be offered



Location
Coffee and wine are situated centrally on a mix of independent local shops and residential housing on St. Johns Road in Boxmoor, Hemel Hempstead.

Boxmoor is a vibrant area just on the outskirts of Hemel Hempstead’s Town centre, a popular location offering a vibrant mix of good housing, community focused businesses as well as green open spaces to enjoy family activities. It is accessed just off the A41 which connects directly to the nearby M1 motorway.

Central London is only 34 miles south.

There is a pay and display car park directly across from the business.

The nearest main line station is Hemel Hempstead which connects commuters to in just 30 minutes to London Euston.



Premises
Front External - 2 x tables and 6 vintage styled chairs

Ground Floor - raised window table and stools, central table and chairs, wine display shelving, service bar and stools, new wooden flooring and lighting, solid wood counter.

Service area - under counter storage shelving, hand wash sink, storage cupboards, prep sink and access to shared rear yard.

Equipment included:

two-group Sanremo 'Zoe' coffee machine

- 2x coffee bean grinders

- commercial dishwasher

- counter-top food chiller

- custom-made wine rack and display

- custom-made service area (reclaimed wood)

- deli/beer display racking

- touchpad till system and card payment device

- service/wine fridge

- combination microwave/convection oven

- kitchen area with separate handwash sink

- 2x freezers

- 1x large storage fridge

- separate insulated storage shed with electricity supply, prep counters and racking

- 3x metal tables and 8x metal chairs

- 3x wooden stools

- service utensils, glassware, crockery and cutlery

- industrial style lighting
External rear - storage shed with internal shelving for dry store items. Shared staff toilet



Tenure
Leasehold originally 5 years with 3 years remaining paying £4,200 per year, and 0 rates. Lease extension with landlord easily negotiable.



Hours
Monday to Thursday 8.00 – 15.00

Friday 8.00 – 21.00

Saturday 9.30 – 21.00

Sunday 10.30 – 16.00



Staff
Our clients share the running of the business with 1 member of staff. The business runs well with just 1 person in the shop.



Financial Profile
Turnover as of the January 2019 accounting period shows £44,640 and nearly £18,000 in adjusted profit. Sales levels for the current year are already up by 20% and continues to grow.



Seller Details
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Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Sector: Tea Rooms
Financials
Annual Turnover: £44,640
Location Statistics
What's nearbyi:
The Childrens Society (approx. 0.2 mile)
Adeyfield Eyecare (approx. 0.2 mile)
Adeyfield Library (approx. 0.3 mile)
The Royal (approx. 0.3 mile)
Quality Pizza (approx. 0.3 mile)
Efectiv Signs (approx. 0.3 mile)
A1 Motor Stores (approx. 0.3 mile)
Motorway Belts & Components Ltd (approx. 0.3 mile)
Michael's (approx. 0.3 mile)
Massage Therapist/ Beautician (approx. 0.3 mile)
Listing Statistics
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