Ref 6296 – Leasehold Cafe
Blacks Brokers are pleased to bring to the market this leasehold cafe located in a busy area of Dewsbury town centre, West Yorkshire.
This coffee house was established by our client in 2014 after noticing that this area of Dewsbury was undergoing much development and was in need of a quality café. The property was fully re-fitted just before opening and has become well-known within the area, establishing a good base of regular customers – these are mainly shoppers and workers from around the town. The business has been awarded a five-star hygiene rating and has an A3 licence in place.
The business is positioned within a busy and popular parade of shops and other businesses in Dewsbury’s town centre and the area is entirely commercial. Along with other local businesses, there are plenty of large multiples including Sports Direct, kfc, Costa Coffee and B&M Bargains. The area is well linked by the A638, parking is available in the immediate area and public transport links are good.
The business would be ideally suited to a hands-on owner operator or family team, but is currently operating mainly under management due to the demands of our client's other business commitment being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is five years and began in 2014 at a cost of £480 per week.
This coffee house is currently operating from the ground floor of a large, purpose-built retail unit. However, this business lease does include the first floor – this is currently used as office and storage space and offers great potential for expansion to accommodate further seating or an events/function room available for private hire and catering. The business is well presented with classic glazed frontage and al-fresco dining area for 16 to the front – please note the signage will need to be updated as the current business branding and name are not included in this business sale.
Inside, the café is modern and beautifully presented with seating for 46 in place and wooden flooring throughout. The décor is neutral with ceiling spotlights and ambient, under counter strip lighting. The servery is positioned centrally with glazed display units to all sides and chilled areas as required. To the rear are menu boards and a food preparation area. As mentioned above, the entire café was refurbished by our client before opening in 2014 with a huge investment of almost £70,000 - leaving a new owner with an exciting turnkey opportunity and a beautiful café which is furnished with high quality fixtures, fittings and equipment.
The accounts for year ending 2017 show annual turnover of £81,651 with a gross profit of £64,690 (Circa 80%) and a net profit of £15,037. It is to be stressed that the business is currently being run at a pace to suit our client’s busy lifestyle and there is scope and demand to return to previous trading when we are advised turnover was in the region of £116,000 per annum.
This leasehold business is well-placed in the town centre and has a good base of regular customers along with an excellent reputation. There is plenty of scope to develop the business further and there are even more income opportunities through business use of or leasing of the first floor within this impressive and sizeable property. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Property: £37,000.
Please quote ref: 6296