£99,995

Restaurant for sale

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£99,995

Restaurant for sale

Carolgate, Retford DN22

Local area information

Property location

Nearby amenities

  • St Swithun's Church of England Primary Academy 0.2 miles
  • St. Joseph's Catholic Primary School, a Voluntary Academy 0.5 miles
  • Retford 0.5 miles
  • Worksop 7.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Coffee Shop
  • Turnover £350,000 pa
  • Fully Fitted & Newly Refurbished
  • High Street Location
  • Licensed
Leasehold Independent Coffee Shop Located in Retford
Ratings # Trip Advisor 4.5 / Facebook 4.6 / Google 4.5
Licensed
Ref 2847

Location
This delightful Restaurant and Coffee Shop is located within a prominent and highly visible trading position on the high street in Retford. Retford, also known as East Retford is a market town in the Bassetlaw District in Nottinghamshire and one of the oldest market towns in England having been granted its first charter in 1105. The town is a very busy shopping area and offers large retailers along with independent retailers all of which bring high levels of footfall to the area. There is a staff parking space to the rear and ample parking within the town centre with multiple free and paid parking options available. Retford offers easy access to Worksop (9 miles), all surrounding villages, Doncaster (18 miles), Sheffield City Centre (30 miles) and Nottingham City Centre (33 miles).

Asking Price: £99,995 plus sav (£2,000)

Business Description
Veritas Business sales are privileged to offer to the market this respected Restaurant & Coffee Shop which is located in the market town of Retford. The owners are now reluctantly offering the business for sale due to having to focus on other business commitments. The premises was previously occupied by Clair's Accessories and was transformed into what you see today after a huge investment with no expense spared extensively refurbishing and redecorating the site from top-to-bottom. Along with the renovation they have invested heavily with top of the range equipment along with the fixtures & fittings which are all bought and paid for which are included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Honey & Fig is owner operated and employs the help of 4 full time and 15 part time zero hour contract members of staff and their average weekly sales are running at £6,800 per week circa £350,000 per annum. They have a fantastic reputation within the area for serving artisan coffee specialist teas, soft drinks, smoothies, milkshakes, alcoholic beverages, homemade cakes, with an extensive mouth-watering breakfast and lunch menu catering for most dietary requirements and their signature Afternoon Tea experience. All food is freshly prepared to order on site from their extensive menu.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times on selected evenings especially the weekend and utilise the first floor for private parties and group bookings. They have a strong reputation within the local community and beyond and enjoy a high level of regular and repeat trade along with many new shoppers. This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and as such early viewing is highly recommended as this is gem is not to be missed.

Opening Hours
Monday - Friday - 9:00am - 4:00pm
Saturday - 9:00am - 4:30pm
Sunday - 10:00am - 4:00pm

Leasehold
Term: 10 years (Agreed Aug 2018 with a break option Aug 2023)
Remaining: Ends June 2028 and can be extended
Rent: £24,000 +vat pa
Reviewed: Aug 2023
Business Rates: Tbc

Licenses
A3 Licence
Alcohol Licence
Outdoor seating licence

Ground Floor
Coffee shop comprising: Tables & chairs to cover (38), 3 baby highchairs, serve over sales counter with covid screen and epos till system (Square), computer monitor, custom made glass cake display cabinet, wall mounted wooden display shelves, undercounter storage shelving, two under counter fridges, under counter freezer, double door drinks chiller, on-Demand coffee grinder (Macap), dual head espresso coffee machine (Iberital 1B7), handwash basin, cups, glassware, teapots, jugs and cutlery.
Gents W/C with wash basin.
Ladies W/C with baby changing, wash basin, electric water heater and wall mounted paper towel holder.
Hallway with stairs to 1st Floor

First Floor
Restaurant comprising: Tables & chairs to cover (16), wooden cabinet, on-demand coffee grinder(Macap), dual head espresso coffee machine (Iberital 1B7), under counter drinks chiller, pos printer, drawers, wooden clock and two display shelves.
Storeroom/office.
Kitchen comprising: 5 ring ceramic hob & oven (Montpellier), undercounter fridge (Polar), undercounter freezer (Polar), triple fridge & saladette (Polar), three chest freezers, tall black fridge (Beko), two microwaves (Adexa), standalone fryer (Adexa), plate warmer (Lincat), bain-marie (Buffalo), wide panini grill (Adexa), 4 slice toaster (Dualit), food warmer (Glo-Ray), dishwasher, eight stainless steel benches, double free standing commercial sink, handwash basin, all utensils, jugs, mixing bowls, pans, oven trays and all crockery.
Office with hp printer, filing cabinet, desk.
Top Floor x 2 large storerooms used for storing seasonal decorations and equipment etc.
The property benefits from electric heating & air-conditioning

External
Frontage with external seating for (8).

EPC Rating E

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Property descriptions and related information displayed on this page are marketing materials provided by - Veritas Business Sales Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information.

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  3. Nottinghamshire
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  5. Carolgate

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