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Restaurant/cafe for sale

£50,000

10 High Street, Middleton Cheney OX17

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and busy cafe business, which is ideally located within the village of Middleton Cheney in Northamptonshire.

The business was originally established in 2013 and has been in our client’s careful ownership since 2015. Only now is the business being offered to the market, due to our client’s other business interests. The cafe currently operates 6 days per week and generates a turnover in the region of £110,000, with a gross profit of approximately 59%, as per the 2016 accounts.

Our client offers a variety of fayre including full English breakfasts, a continental breakfast, full lunch menu, a dessert menu, homemade cakes and snacks, as well as a selection of hot and cold beverages. The property boasts 95 sq. Metres of floor space, is very well maintained and decorated to a high standard. The cafe offers 26 covers and a commercial kitchen.

The business has built up an excellent reputation within the area for the very high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the food and services offered. The cafe would also benefit from the launch of a website to promote the business. Social media websites, such as Facebook and Twitter, are also an excellent and free way to advertise the business.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already popular business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
The Butlers Pantry occupies substantial ground floor premises, ideally located within the village of Middleton Cheney, near Banbury, close to the border of Northamptonshire and Oxfordshire. The property is situated within a small parade of complimentary shops and businesses on High Street and is surrounded by densely populated residential areas, from which the business derives much of its trade. The business further benefits from good off street parking facilities to the front of the premises.

Middleton Cheney is a quaint village and civil parish in Northamptonshire. According to the 2011 census, the village, which includes Thenford, had a residential population of 3,597. Middleton Cheney boasts a variety of shops, a primary school and a secondary school, which serves the local community and the surrounding area.

The area of the business is served by the public transport system, with a bus stop situated in front of the property. The nearest railway station is in Banbury, which is approximately 3½ miles away. The area is also well served by the road networks, with the A422 being just a short drive away, which links to the M40 and the national motorway network. Northampton is approximately 27 miles away and Oxford is 29 miles away.
Premises
Substantial ground floor premises in a prime trading location, briefly comprising:

Main cafe area with:

Wood effect flooring.

Tables and chairs for 26 covers.

Shelving units, displaying goods for sale.

Leather effect settees & chairs.

Coffee tables.

Cake display refrigerator.

Coca Cola branded drinks refrigerator (no hire cost).

Greeting card carousel.

Serve over counter with electronic cash register.

Ladies and gents’ WCs.

Preparation area with:

2 prep fridges

1 chest freezer

1 toastie machine

1 small oven (baguettes, pizzas)

Coffee Machine

Small Urn

Coffee Grinder

Milkshake Machine

Cheese Grater

Till/Note scanner

Kitchen with:

Toaster

Fridge Freezer

Jacket Potato Oven

Industrial Dishwasher

Microwave

Combi Microwave

Double Top Fryer

6 hob gas oven

Small portable oven

Grill

2 portable grills

Store room with:

1 Large Fridge

3 freezers (various sizes)

2 soup kettles

Urn

Till (spare)

Baguette sealer

External with:

Good signage.

Off street parking.
Tenure
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 5 years, as of 2017

Rent: £14,000 per annum
hours
The business is open:

Monday – Friday: 9.00am – 3.30pm

Saturday: 9.30am – 2.30pm

Sunday: Closed
staff
The business is owner run and managed with 1 x full time and 5 x part time staff members.
Financial profile
The business generated a turnover in the region of £110,000, with a gross profit of approximately 59%, as per the 2016 accounts.

What Zoopla users think of Middleton Cheney

Overall rating:

  • currently 3.5 stars
Good - 74% (17 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Banbury (2.5 miles)
  • Kings Sutton (3.6 miles)
  • Heyford (10.7 miles)
  • Coventry Airport (22.3 miles)
  • Birmingham International Airport (33.1 miles)
  • London Luton Airport (41.0 miles)
  • Sharpness Old Docks (56.9 miles)
  • Lydney Harbour (58.3 miles)
  • Kew Pier (58.6 miles)

Nearby schools

View all schools in South Northamptonshire
  • Middleton Cheney Primary Academy (0.1 miles)
  • Carrdus School (1.1 miles)
  • Chacombe CEVA Primary Academy (1.2 miles)
  • English Language Training (3.0 miles)
  • Silverstone UTC (10.7 miles)
  • Stowe School (11.2 miles)
  • Chenderit School (0.4 miles)
  • Blessed George Napier Catholic School and Sports College (3.3 miles)
  • Banbury Academy (3.4 miles)
Note: Distances are straight line measurements

Local info for South Northamptonshire

About the neighbours in OX17

AskMe Q&A for South Northamptonshire

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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