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Restaurant/cafe for sale

£39,000

91 Aylestone Road, Leicester LE2

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Property description

Business
Hilton Smythe welcomes to the market Kwik Bite which was established by our client several years ago. Our client is now looking to sell as they have another business that they are looking to concentrate on.

Kwik Bite is a traditional English cafe serving breakfast and lunch. The menu includes jacket potatoes, wraps, sandwiches, burgers, sandwiches, hot breakfasts, salads, specials; as well as a range of hot and cold beverages.

There is currently no website or social media site, but it does have a 4* Google rating. Social media should be something the purchaser considers, to increase customer base.

Kwik Bite is run as a part time venture as our client has another business. The business opens weekends to cater for football and rugby matches however doesn’t cater for evening matches which is an opportunity to improve turnover. The business is also currently closed 8 weeks of the year also due to sellers personal lifestyle, therefore, a lot of scope to improve turnover.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Kwik Bite is located in an enviable position opposite Leicester Tigers’ Welford Road Stadium on the Southern edge of the city centre of Leicester, Leicestershire.

Not only is Kwik Bite located opposite Leicester Tigers stadium which has a match day capacity of 25,849, but also within a few hundred metres of Leicester City fc’s King Power Stadium with a match day capacity of 32,312, Leicester College and Leicester Royal Infirmary all bringing in a high footfall.

There is parking close by in local car parks.
Premises
Outside there are 2 tables giving seating for 6 people.

The entrance door opens into the main cafe with bar seating for 8 and 3 further tables giving seating for 8.

Serving area has display fridge, coffee machine, under counter fridge, cooker. Behind the serving area are stairs leading to the flat above and also a door to the kitchen.

The commercial stainless steel kitchen comprises griddle, double deep fat fryer, Bain Marie, microwave, 2 x sinks, fridge/freezer, toaster, commercial extractor combi oven and boiler. Past the kitchen is a large walk in chiller and door to the outside. The kitchen also has access down to the cellar.

The outside courtyard has access to the outside WC, store room with 2 x freezers and rear pedestrian access.

The flat, which is accessed directly off the cafe has lounge, kitchen, bedroom and bathroom, double glazing and gas central heating.

Within the flat is some equipment which is being stored this includes tea urn, hot dog machine, double panini machine and microwave these are included in the sale.
Tenure
We are advised the business is being sold as a leasehold business opportunity.

Remaining lease length: 2 years as of 2017.

Rent: £7,600 per annum.

The landlord is flexible about renewing the lease.
Hours
The business opening hours:

Monday: Closed

Tuesday - Friday: 8.30am - 2.30pm

Saturday & Sunday: Closed

These hours have been set to suit our client’s lifestyle and there are no restrictions on the lease regarding opening longer hours.
Staff
The business is run and managed by our clients.
Financial profile
Kwik Bite generated an advised turnover of circa £49,000 as of the 2016 accounts.

What Zoopla users think of Aylestone

Overall rating:

  • currently 4 stars
Very good - 76% (18 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
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Entertainment & nightlife
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Parks & recreation
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  • 1
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Restaurants & shopping
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  • 1
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  • 5
Schools & public services
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Nearby transport

  • Leicester (0.7 miles)
  • South Wigston (2.8 miles)
  • Narborough (4.6 miles)
  • East Midlands Airport (16.5 miles)
  • Coventry Airport (22.8 miles)
  • Birmingham International Airport (28.3 miles)
  • West Lynn Ferry Landing (64.6 miles)
  • King's Lynn Ferry Landing (64.7 miles)
  • Sharpness Old Docks (84.4 miles)

Nearby schools

View all schools in Leicester
  • Hazel Community Primary School (0.1 miles)
  • Knighton Fields Primary Academy (0.8 miles)
  • Shaftesbury Junior School (0.8 miles)
  • Leicester College co Freemen's Park Campus (0.1 miles)
  • Regent College (0.5 miles)
  • Wyggeston and Queen Elizabeth I College (0.6 miles)
  • The Children's Hospital School (0.3 miles)
  • St Crispin's School (0.8 miles)
  • Moat Community College (0.9 miles)
Note: Distances are straight line measurements

Local info for Leicester

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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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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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