Prime Hythe Kent High Street Leasehold Coffee Shop/Cafe for Sale - Immaculate 5-Day Trading with Huge Potential
Hythe, Kent
- Status
UNDER OFFER
- Date Submitted:
24/11/21
- Advert ID
286556
- Reference
C1086 / Rightbiz
- Call Agent:
- Leasehold: £90,000 (Stock at valuation)
- Rent: £12,500
- Turnover: £277,192 (£5,331 Per week)
- Net Profit: On request
Key Features
- Offers Invited
- Attractive Business
- Fully Fitted
- High Turnover
- Town Centre location
- Prime Location
- Established Business
- Accounts Available
Business Details
LEASEHOLD COFFEE SHOP CAFE (A3 USE)
PRIME HIGH STREET LOCATION - IMMACULATE PREMISES - WELL EQUIPPED - ACCOUNTS SHOW NET TAKINGS OF £277,192 PA ON 5 DAYS TRADING PWK - HUGE POTENTIAL FOR FUNCTIONS -
Location
Occupying a prominent trading position in Hythe High Street enjoying tremendous footfall and serving a well populated afluent residential area. The business enjoys a high level of passing trade all year round, augmented by the influx of Tourists during Summer months.
Business
Well established having been in the present hands since 2013 and now only being marketed as a result of the Vendors requiring a change. Tremendous potential exists for the introduction of outside catering, functions and event catering. Longer trading hours would improve turnover significantly as the business is currently closed on Sundays and Mondays.
Turnover
The accounts for the year ending 2022/2023 show sales of £277,192 P.A. @ 65 % G.P.
During this period the business traded for a total of 239 days due to being closed Sundays and Mondays and 3.5 weeks holidays.
Staff
Run by Husband and Wife plus 18 Part timers WAGES - Approx £100,000 P.A.
Hours
8.00am - 4.00pm - Tues – Sat
Closed - Sun and Mon
Premises
70 Covers in Courtyard to front. Imposing corner premises with single entrance to: Cafe Area: Immaculately presented. 30 covers inside. Refrigerated serve over counter, electronic till, 2 group espresso machine, boiler, drinks chiller, 2 upright fridge/freezers. 2 Customer W.C's (one with baby change). Kitchen: Extractor canopy, 6 burner range, 2 fryers, 2 microwave ovens, toaster, dishwasher, st/stl sink, 2 fridge/freezers, prep surfaces. Alleyway to side.
Tenure
5 years remaining on original 10 year lease as from March 2024 RENT: £12,250 P.A. (5 year reviews)
EPC Rating
Band E
Business Rates
Nil currently payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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