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Established Farm Shop & Cafe Essex

Halstead, Essex
Status
FOR SALE
Advert ID
263054
Reference
7228 / Rightbiz
0161 763 5000
Leasehold Price: £125,000
Annual Turnover: £416,378
    Strong Social Media Following

    No Immediate Competition

    Annual Turnover £253,465 (Farm Shop)

    Annual Turnover £162,913 (Coffee Shop)

    Gross Profit £47,285 (Farm Shop)

    Gross Profit £109,514 (Coffee Shop)

    Further Financial Info Available After Viewing

    Retirement Sale

    Established Since 2001

Description:
Blacks Business Brokers are pleased to bring to the market this leasehold coffee shop located in Wickham St. Pauls, Halstead, Essex.

INTRODUCTION
Spencer’s Farm Shop and Coffee Shop has been trading within Wickham Fruit Fam since the early part of 2001. The business is set up within this popular family run fruit farm that offers a variety of fruit to pick seasonally, such as Strawberries,Cherries, Raspberries, Blueberries & Plums and it has an exceptional social media audience with over eight hundred followers on Facebook.

LOCATION
Situated within this popular farm location the business is only five miles from Sudbury Railway Stations with the M11 motorway twenty miles form the location. Hedingham Castle is three miles away. The farm shop is the only one in a ten mile radius from the farm itself making this an ideal location and a very lucrative investment.

REASON FOR SALE
This opportunity has become available due to the previous tenants lease ceasing and therefore this has created an exciting opportunity for a new tenant to enjoy.

LEASE
The unit is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The lease will be new a new five year lease that can be negotiated at the time of sale.The current rent is £30,000 per annum which represents excellent value for such a prime location property.

BUILDING LAYOUT AND DESIGN
The lease covers the entire unit. The unit is single fronted and is a single storey. The floor is fully tiled.Once inside, the space is well laid out and has a clean crisp feel. Our client has created a shop fit that maximises all the available space within the space. The space available is approximately 900 Square Feet plus the freezers and chillers. The cafe can accommodate up to fifty six diners and has a hygiene rating of five. The property is licensed to sell alcohol. The property is fully alarmed. Heating for the coffee shop is provided from gas radiators and a wood burning stove.

STAFF
The business is operated with nine members of staff on the payroll with six of them having over two years service providing continuity to the customers.

FINANCIAL DETAILS
The business has traded strongly and can show a turnover for Y/E 28th February 2019 of £233,465 for the farm shop and £162,913 for the coffee shop with a gross profit of £47,285 for the farm shop and £109,514 for the coffee shop providing a combined need profit of @27,885. The business does not actively market itself as trade is generated through referrals and recommendations and through road signage and work of mouth.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief.

SUMMARY
This is an exceptional opportunity to build upon the solid trading foundations that have been laid down. The business would ideally suit an energetic team who could push the business forward and key into the culture of Wickham Fruit Farm and help grow this business within this successful and well respected fruit farm.This is an ideal opportunity and early viewings are advised.

Fixtures & Fittings:
All Fixtures & Fittings Included

Opening Hours:
7 Days Per Week


Weekly Rent:
£577 Per Week. Weekly Rent:
£577 Per Week.
Listing Details
Location: Halstead, Essex
Marketed By: Blacks Business Brokers Limited
Sector:
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Advert Reference: 7228 / Rightbiz

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