Recently Fitted Café Bar in Historic and Busy Town Centre Location

Faversham, Kent

Status

FOR SALE

Date Submitted:

21/06/21

Advert ID

278531

Reference

PD11404 / Rightbiz
Leasehold: £99,000
Annual Net Profit: £57,200
A profitable town centre café and bar in the conservation area centre of historic Faversham. The café has been recently (2019) converted and fitted out to an excellent standard within the ground floor and basement of a historic listed building and has quickly become very popular with both substantial passing shopper and tourist trade and increasingly as a destination in its own right.

The café bar is in an enviable central location within the Faversham town centre historic marketplace conservation area. It is only a few steps from the Guildhall, open market and large number of pubs, banks, and independent shops. It constitutes a ground floor coffee shop, basement lounge bar and licensed use of external terrace area on a busy pedestrianised high street. All three areas are fully licensed (24 chairs and 11 tables), and the basement lounge bar is available for private hire.

A range of high-quality coffees, teas, craft beers, wine and spirits are offered together with sweet and savoury cakes and pastries. Hot food could be an additional option for the new owner to update the menu with.

The building was completely rebuilt and converted from a semi-derelict state in 2019 and is now beautifully fitted and served by a well fitted food service and preparation area and traditional cellar incorporating additional refrigerated facilities.

The business has a strong internet and social media presence including an attractive and high specification website, active and well followed accounts on Facebook and Instagram. The business enjoys excellent reviews on Facebook and Google.

The sale includes all fixtures and fittings which are all recently purchased and to a very high standard. These include furniture - both outdoor and indoor chairs and tables, sofas, counter and bespoke fitted shelving. Newly installed equipment also includes a large double service coffee machine, refrigerator, dishwasher, drinks cooler, electronic till, Inbuilt online Bose Sound System for full controllable music/entertainment, 4 separate lighting circuits with remote dimming and control via app. and cellar fittings serving 4 beer lines.
A CCTV system included with 4 hi spec cameras, hi specification burglar alarm linked to the CCTV for remote monitoring and externally vented air conditioning for cooling and heating for the entire building are also less than 2 years old. A comprehensive operations manual will be supplied relating to all equipment and fittings.

Currently and during opening periods sales have averaged £3800 per week approximately with a net profit of approximately £1100 per week. Sales have been increasing since re-opening and there is excellent further scope for growth as the business could be opened earlier and later in the day within the license terms.
Contact Agent
Advert Reference:
PD11404 / Rightbiz
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