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Retail premises for sale

£39,000

34A Bedford Place, Southampton SO15

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Property description

Business
The business was established by our clients in 2014 and is only now, being offered to the market due to our client moving away. The business currently operates 7 days per week and generates a turnover in the region of £84,987 per annum, with a good gross profit.

Our clients offer a wide variety of fayre including full English breakfasts, hot and cold food, lunches and sandwiches, to name a few. Also available is a variety of hot and cold beverages, including bean to cup coffee.

The property is very well maintained and fitted out to suit the trade with a large sales and seating area, as well as a commercial kitchen. The business has built up an enviable reputation within the area for the high quality of the food and services 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. A new owner could also embark on a modest marketing campaign to promote the excellent food and services offered.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving and busy cafe business to the next level.

Early viewing is highly recommended to avoid disappointment.

Location
Hilton Smythe is delighted to welcome to the market this well-established and popular cafe, which is ideally located within Southampton.

Southampton is a thriving port city on the south coast, home to the sea city museum, art galleries, several universities including the University of Southampton which is ranked among the top 1 % universities in the world.

Southampton is 75 miles southwest of London and only 19 miles northwest of Portsmouth and the closest city to the New Forest.

Premises
The cafe is a substantial size. Across the front of the property are large windows, this allows for a bright and airy interior.

Inside is the open plan seating area. The seating choice allows for a clean open feel. There are several two-seater tables around. Behind is the kitchen area which is visible to the seating area.

Through to the rear of the property is a storeroom, customer toilet, preparation area, further storage and refrigeration storage.

Equipment:

•Coffee Machine (New)
•Coffee Grinder (New)
•Hi-Fi Audio System
•CCTV dvr Camera Security HD System
•Commercial Electric Contact Grill Panini’s
•Smoothie Maker Blender
•Double Toaster
•4-Pan Stainless Steel Electric Bain Marie
•Ceramic Cooker Double Ovens and Grill
•2 x Microwaves
•Door Refrigerated Counter with Marble Work Top
•Large commercial Electric Griddle Hot Plate
•Electric Deep Fryer Dual Tank Commercial
•2 x Commercial Double Sliding Glass Door Bottle Cooler Fridge
•Freezer

Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 5 years.
Remaining lease length: 1 year as of 2017.
Rent: £15,000 P/A

Hours
Monday – Friday 9.00am - 3.00pm
Saturday 9.00am - 4.00pm
Sunday 10.00am- 3.00pm

Staff
The business is run and managed by our client, with the help of 1 full time member of staff and 3 part time staff.

Financial Profile
Cafe Retro generated an advised turnover of circa £84,987 as of the 2016 accounts, with a gross profit of £52,981.

What Zoopla users think of Southampton

Overall rating:

  • currently 4 stars
Very good - 77% (432 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Southampton Central (0.5 miles)
  • St Denys (1.0 mile)
  • Millbrook (Hants) (1.2 miles)
  • Southampton Airport (3.4 miles)
  • Bournemouth Airport (21.2 miles)
  • Shoreham Airport (48.7 miles)
  • Southampton Vehicle Ferry Terminal (1.2 miles)
  • Southampton Passenger Ferry Terminal (1.3 miles)
  • Hythe (Hants) Ferry Terminal (3.0 miles)

Nearby schools

View all schools in Southampton
  • Banister Primary School (0.3 miles)
  • Springhill Catholic Primary School (0.4 miles)
  • Bevois Town Primary School (0.5 miles)
  • Winchester College (10.8 miles)
  • Salisbury Sixth Form College (19.6 miles)
  • Ferndown Upper School (22.9 miles)
  • St Anne's Catholic School (0.1 miles)
  • The Polygon School (0.3 miles)
  • King Edward VI School (0.8 miles)
Note: Distances are straight line measurements

Local info for Southampton

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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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