Business Hilton Smythe is delighted to welcome to the market this well-established and very busy café business, which is ideally located within a very busy shopping centre in Newcastle-under-Lyme.
The business was originally established in 1975 and has been in our client’s careful ownership since 2005. The business currently operates 6 days per week and generated a turnover in the region of £108,000 as of the 2017 accounts, with a gross profit of 77%.
Our client offers a wide variety of fayre including breakfasts, hot and cold meals, snacks and cakes, as well as a variety of hot and cold beverages. The café boasts a large open plan service area with 63 covers.
The business has built up an excellent reputation within the town, 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 opening the business on Sunday, as the shopping centre opens between 10.00am and 4.00pm. A new owner could also embark on a modest marketing campaign to highlight the excellent fayre offered.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Location Frankie’s Café is situated within the very popular Roebuck Shopping Centre within the market town of Newcastle-upon-Lyme, Staffordshire. The café is surrounded by many popular high street stores and businesses, directly opposite Next and Argos, with many others within view such as Iceland, Lloyds bank, Boots etc. Therefore, the café benefits from a very high volume of footfall.
Newcastle-under-Lyme is a very popular market town in North Staffordshire. According to the 2011 census, the town had a residential population of 75,125. The popular market is open 6 days per week and offers over 80 stalls. The Roebuck Shopping Centre is set within the heart of the town centre with easy access from the Midway Car Park and is an extremely busy place to trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Stoke-on-Trent, which is approximately 2½ miles away. The area is also very well served by the a-roads, with both the A527 and A52 being within easy driving distance, which link to the national a-road and motorway networks. Market Drayton is approximately 15 miles away and Stafford is 16½ miles away.
Premises Open plan café in a busy shopping centre, briefly comprising:
Open plan service area with 63 covers. Serve over counter with electronic cash register. Kitchen to rear of service counter. Large store room. Metal security shutters on counter.
Customer WCs within the shopping centre.
3 x freezers. 4 x microwave ovens. 3 x refrigerators. Ice cream freezer. Bain-Marie. Griddle. Deep fat fryer. Dishwasher. Chimballi coffee machine.
Tenure We are advised Leasehold:
Original lease length: 10 years Remaining lease length: 6 years, as of June 2016 Rent: £25,000 per annum
Hours The business is open:
Monday – Saturday: 9.00am – 5.00pm Sunday: Closed
Staff The business is owner run and managed with 5 x full time staff members.
Financial Profile The business generated a turnover in the region of £108,000 as of the 2017 accounts, with a gross profit of 77%.
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Roebuck Centre, High Street, Newcastle-Under-Lyme ST5