Hilton Smythe welcomes to the market Katie’s. There has been a food based business in situ for in excess of thirty years either as restaurants or cafes.
Katie's has been trading for approximately three years having been fully refurbished and upgraded when the business was created by the current owner. It is being reluctantly sold only due to the owners wish to pursue other business interests.
The business has a Facebook page with 2095 likes and a visible presence on social media on sites such as Trip Advisor, the business is breast feeding friendly so popular with mothers and families.
The business sells traditional breakfasts and is well known for its Eggs Benedict and pancakes, a range of teas and coffees, hot and cold snacks, sandwiches, baguettes, paninis, salads and pastas, milkshakes and Frappes. Also daily specials and children's meals. The business has an alcohol licence.
Scope to improve
Extend the opening hours, opening on a Sunday and as a bistro in the evenings
Develop the outside catering arm of the business especially corporate providing business buffets etc and maybe a sandwich round
Promote the first floor as a private function room
Advertising and marketing campaign
Offer a delivery service and consider Just Eat and Hungry House type offerings
Tamworth is a large market town in Staffordshire, 14 miles northeast of Birmingham bordering Warwickshire to the south and east and Lichfield to the north and west. At the 2001 census the town had a population of of 76,900 making it the second largest town in Staffordshire after Stoke On Trent.
The business is prominently situated in the town centre alongside complimentary retail businesses and directly opposite a busy Co-Op supermarket. There are a number of inexpensive car parks nearby as well as on street parking ant the business enjoys high levels of footfall and passing trade.
The main road running through Tamworth is the A5. The M42 motorway runs to the east of the town and it is accessed via junction 10 which also contains Tamworth services.
Tamworth railway station is located in Victoria Road and serves as an interchange between the West Coast Mainline and the Cross Country route.
The business occupies three floors in a period terraced building and is presented to the highest possible standard having been fully refurbished, upgraded and decorated throughout.
Windows to front with specially commissioned graphics creating a light airy and inviting interior, vintage style tables and chairs providing 18 covers (room for more). American hardwood flooring recently installed at considerable cost, tongue and groove panelling to dado height, pendant lighting, menu boards, range of light oak effect base units with Iclick Epos till, coffee machine and grinder (leased at a cost of approximately £100 per month) and menu boards.
A comprehensively equipped and immaculately presented catering kitchen with full extraction system, Williams cupboard service fridge, Foster salad service fridge, M Line Plus range style cooker with 6 gas burners and oven beneath, 1 metre hot plate cupboard, Lincat single basket fryer, Lincat double basket fryer, Sanyo commercial microwave oven, Williams upright freezer, Fagor upright fridge, Hobart FX15 dishwasher, griddle, stainless steel preparation tables, stainless steel splash backs,
Wash up area
With double stainless sink and drainer with useful storage beneath, separate hand wash basin, Burco stainless steel urn, fluorescent lighting, perimeter shelving, Robot Coupe blender and door to secure yard at rear
Lovely room offering an intimate and private dining experience, twin windows to front, wood effect laminate flooring, spotlighting, built in shelving display, bespoke, built in upholstered bench seating along with antique/retro effect tables and chairs providing 16 covers but with room for more if required.
Dry goods / freezer Room
With Williams upright fridge, chest freezer, glass fronted drinks chiller and perimeter shelving.
Ladies and Gents toilets
To the second floor and accessed via the first floor is a two-bedroom flat which although is currently used for storage and slightly dated could easily be reinstated to offer owners or manager living accommodation and provides a shower room with white suite and two good sized double bedrooms both with windows to the front.
We are advised Leasehold
11 years remain on the current lease.
Original lease length 14 years.
The rent is £12,000 per annum and we are advised that the landlord is happy to renew. There are no business rates currently payable
Monday to Saturday 9.00am-4.00pm
The business is managed and run by the two owners with the help of one full time and one part time member of staff.
We are advised that the turnover is approximately £65,000 per annum.
Reasons to buy
Reasons to buy
Well established business with an enviable reputation and many existing customers
Presented to the highest possible standards meaning a new owner could start trading immediately
Ideal owner managed or husband and wife business
Low running costs with cheap rent and no business rates
Includes living accommodation if required
Priced to sell…a lovely little business!