Established Coffee Shop Kendal

Kendal, Cumbria

Status

FOR SALE

Date Submitted:

05/08/21

Advert ID

280733

Reference

7535 / Rightbiz
Leasehold: £69,950
Annual Turnover: £61,668
    Prominent High Street Trading Position

    Accounts Available Year End 5th April 2020

    Annual Turnover £61,668

    Gross Profit £42,775

    Low Rent Only £154 Per Week

    Accounts Available After Viewing

    Established 2017

    Ill Health Sale

    Seating For 19

    Five Star Food Hygiene Rating

    Owner Operated / No Staff

    Comprehensive Website

    Scope To Introduce Deliveries

    Potential For Marketing Drive

    EPC - TBC

Description:
REF 7535 – Leasehold Coffee Shop
Blacks Business Brokers are pleased to bring to the market this leasehold coffee shop located in Kendal, Cumbria.

INTRODUCTION
Michelle's Coffee Shop was established by our client in this affluent central area of Kendal in 2017. The business offers a variety of freshly prepared breakfasts, lunches, snacks and hot drinks as well as speciality celebration cakes. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Trip Advisor. Michelle's Coffee Shop has a comprehensive website in place and a good social media following.

LOCATION
Michelle's Coffee Shop occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Clarks and Superdrug. There are also a number of car parks and other local amenities nearby. The area is well linked by the M6 with very strong public transport links including Kendal Train Station and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017 at a cost of only £154 per week.

STAFF
The business operates with our client and partner only in employment.

FINANCIAL DETAILS
Michelle's Coffee Shop has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2020 show annual turnover of £61,668 and gross profit of £42,775. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well established business occupies an enviable trading position in a busy and highly sought after area of Kendal. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours, possibly an evening menu and delivery service. A new owner could also look into catering for other local businesses. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Michelle's Coffee Shop operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage with outdoor seating for six to the front. Inside, the dining area offers seating for nineteen with counter/ servery leading to a fully equipped kitchen and rear yard. There are also toilet facilities and a storage area. All areas are well equipped and presented nicely.



Fixtures & Fittings:
Tables
Chairs
Conte Coffee Machine
Chest Freezers x 2
Coffee Grinder
Microwave
Under Counter Fridge x 2
Under Counter Freezer x 3
Dishwasher
Grill Press & Toastie Machine
Double Induction Hob


Opening Hours:
MON & TUE: 10:00 - 16:00WED: CLOSEDTHU - SUN: 10:00 - 16:00


Weekly Rent:
£154 Per Week. Weekly Rent:
£154 Per Week.
Contact Agent
Advert Reference:
7535 / Rightbiz
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Find out more about the business by contacting the seller