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Restaurant/cafe for sale

£40,000

The Stableyard, Lutterworth LE17

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Property description

Business
Hilton Smythe welcomes to the market The Stables Cafe, which was established in 2014 by our client, who is now looking to do something different.

The Cafe, which has a TripAdvisor certificate of excellence two years in a row and a 4.8/5 Facebook rating, offers brunch, lunch and homemade cakes and scones along with local merchandise and products including locally brewed beers.

There are many repeat customers who call in for coffee and a cake when visiting the butchers or greengrocers.

The business has a brand new informative website. This can be found at

There is scope for development by looking to open longer hours than the 9-4 Monday to Saturday hours it currently trades; there is the possibility to open some Sundays. Also, the menu prices are very competitive and could be increased as the chef is all about local fresh produce but the prices charged do not reflect that.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Stables Cafe is located in the village of Cotesbach, just outside of the Leicestershire town of Lutterworth.

The Stables Cafe is situated within a former stable yard alongside other local businesses being a butchers, local organic garden store, motorbike clothing store and blacksmiths.

Once a year there is a Cotesbach Music Festival Estate held in the old stable yard attracting hundreds of festival goers and prospective customers. The stable yard gives ample parking for all the businesses and there is a further overflow car park available for those busy days.

The business is located just off the A426 Rugby Road and only a few minutes from junction 20 of the M1 as well as junction 1 of the M6.
Premises
Outside to the front of the cafe there is seating area for 30 across numerous tables, there is also a see saw and a small dog house.

Inside the dining area there is further seating for 36 within a beamed and rustic room with a log burner. This is open to the serving area and foyer, where you will find the local merchandise including cakes and local ales. The serving area has the coffee machine, till, cake stand and arch to the kitchen area.

To the rear of the cafe you will find the kitchen, store room, WC and disabled access to the disabled parking space.
Tenure
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length:3 years from February 2016.

Rent: £8,400 per annum.
Hours
The business opening hours:

Monday-Saturday: 9am-4pm

The hours could be extended by opening earlier for breakfast and opening for some evening sittings.
Staff
The business is run and managed by our client, with the help of 4 part time and 1 full time member of staff.
Financial profile
The Stables Cafe generated an advised turnover of circa £114,487 as of the 2016 accounts, with a gross profit of 25%.
Extra notes
This is an excellent opportunity to look at evolving the menu and the prices charged in order to have, what could be an immediate effect on the net profit.

What Zoopla users think of Cotesbach

Overall rating:

  • currently 3.5 stars
Good - 73%

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

Rate Cotesbach:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 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
  • 2
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  • 4
  • 5

Nearby transport

  • Rugby (4.3 miles)
  • Narborough (9.3 miles)
  • Hinckley (Leics) (9.7 miles)
  • Coventry Airport (12.3 miles)
  • Birmingham International Airport (22.7 miles)
  • East Midlands Airport (27.7 miles)
  • West Lynn Ferry Landing (70.7 miles)
  • King's Lynn Ferry Landing (70.8 miles)
  • Sharpness Old Docks (73.1 miles)

Nearby schools

View all schools in Harborough
  • John Wycliffe Primary School (1.1 miles)
  • Sherrier Church of England Primary School (1.6 miles)
  • St Mary's Church of England Primary School Bitteswell (2.1 miles)
  • Thornby Hall School (9.2 miles)
  • Wigston College (10.7 miles)
  • Henley College Coventry (10.9 miles)
  • Lutterworth High School (1.1 miles)
  • Lutterworth College (1.6 miles)
  • The Avon Valley School and Performing Arts College (4.5 miles)
Note: Distances are straight line measurements

Local info for Harborough

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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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